Pacific Continental Corporation (Ore) (NASDAQ:PCBK) declared a quarterly dividend on Tuesday, July 18th, Wall Street Journal reports. Investors of record on Friday, July 28th will be given a dividend of 0.11 per share by the financial services provider on Monday, August 7th. This represents a $0.44 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date is Wednesday, July 26th.
Shares of Pacific Continental Corporation (PCBK) traded up 0.43% during midday trading on Friday, hitting $23.40. 119,692 shares of the company’s stock traded hands. Pacific Continental Corporation has a 52 week low of $15.67 and a 52 week high of $26.85. The stock has a market cap of $532.86 million, a P/E ratio of 20.60 and a beta of 0.74. The company has a 50 day moving average of $24.99 and a 200 day moving average of $24.80.
A number of brokerages have recently weighed in on PCBK. BidaskClub lowered Pacific Continental Corporation (Ore) from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. Zacks Investment Research downgraded Pacific Continental Corporation (Ore) from a “buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. Pacific Continental Corporation (Ore) has a consensus rating of “Hold” and an average price target of $24.67.
Pacific Continental Corporation (Ore) Company Profile
Pacific Continental Corporation is a bank holding company. The Company’s principal business activities are conducted through its subsidiary, Pacific Continental Bank (the Bank), an Oregon state-chartered bank with deposits insured by the Federal Deposit Insurance Corporation. The Bank operates in three primary markets: Eugene, Oregon, Portland; Oregon/Southwest Washington, and Seattle, Washington.
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