California Public Employees Retirement System Sells 3,100 Shares of Pacific Continental Corporation (Ore) (PCBK)

California Public Employees Retirement System decreased its holdings in Pacific Continental Corporation (Ore) (NASDAQ:PCBK) by 3.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 86,700 shares of the financial services provider’s stock after selling 3,100 shares during the period. California Public Employees Retirement System owned about 0.38% of Pacific Continental Corporation (Ore) worth $2,215,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. K2 Principal Fund L.P. purchased a new stake in shares of Pacific Continental Corporation (Ore) during the second quarter valued at $825,000. Vanguard Group Inc. grew its holdings in shares of Pacific Continental Corporation (Ore) by 11.4% during the second quarter. Vanguard Group Inc. now owns 958,296 shares of the financial services provider’s stock valued at $24,485,000 after buying an additional 98,170 shares during the last quarter. AlphaOne Investment Services LLC grew its holdings in shares of Pacific Continental Corporation (Ore) by 4.9% during the second quarter. AlphaOne Investment Services LLC now owns 100,690 shares of the financial services provider’s stock valued at $2,573,000 after buying an additional 4,692 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Pacific Continental Corporation (Ore) by 8.8% during the second quarter. Northern Trust Corp now owns 273,905 shares of the financial services provider’s stock valued at $6,999,000 after buying an additional 22,227 shares during the last quarter. Finally, Context BH Capital Management LP grew its holdings in shares of Pacific Continental Corporation (Ore) by 8.5% during the second quarter. Context BH Capital Management LP now owns 461,024 shares of the financial services provider’s stock valued at $11,779,000 after buying an additional 36,009 shares during the last quarter. 67.49% of the stock is owned by institutional investors.

Pacific Continental Corporation (NASDAQ:PCBK) opened at 28.00 on Wednesday. The company’s 50 day moving average is $26.43 and its 200 day moving average is $25.18. The firm has a market cap of $637.62 million, a P/E ratio of 24.65 and a beta of 0.80. Pacific Continental Corporation has a 52-week low of $16.00 and a 52-week high of $28.85.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 30th. Shareholders of record on Monday, October 23rd were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.57%. The ex-dividend date was Friday, October 20th. Pacific Continental Corporation (Ore)’s dividend payout ratio (DPR) is presently 38.94%.

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A number of equities research analysts have recently weighed in on PCBK shares. ValuEngine raised shares of Pacific Continental Corporation (Ore) from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research raised shares of Pacific Continental Corporation (Ore) from a “sell” rating to a “hold” rating in a report on Friday, September 15th. Finally, BidaskClub lowered shares of Pacific Continental Corporation (Ore) from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $28.00.

Pacific Continental Corporation (Ore) 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.

Institutional Ownership by Quarter for Pacific Continental Corporation (Ore) (NASDAQ:PCBK)

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