Trading Report: Today, Pacific Continental Corp. (PCBK) Stake Raised by Deprince Race & Zollo Inc.

Today, Pacific Continental Corp. (PCBK) Stake Raised by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. raised its position in Pacific Continental Corp. (NASDAQ:PCBK) by 2.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 351,643 shares of the financial services provider’s stock after buying an additional 8,198 shares during the period. Deprince Race & Zollo Inc. owned 1.56% of Pacific Continental Corp. worth $5,915,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Parametric Portfolio Associates LLC increased its stake in Pacific Continental Corp. by 1.4% in the second quarter. Parametric Portfolio Associates LLC now owns 12,597 shares of the financial services provider’s stock worth $198,000 after buying an additional 177 shares during the last quarter. Baird Financial Group Inc. increased its stake in Pacific Continental Corp. by 1.5% in the second quarter. Baird Financial Group Inc. now owns 22,830 shares of the financial services provider’s stock worth $375,000 after buying an additional 328 shares during the last quarter. Barclays PLC increased its stake in Pacific Continental Corp. by 1.3% in the first quarter. Barclays PLC now owns 36,047 shares of the financial services provider’s stock worth $577,000 after buying an additional 462 shares during the last quarter. BlackRock Advisors LLC increased its stake in Pacific Continental Corp. by 9.9% in the second quarter. BlackRock Advisors LLC now owns 10,623 shares of the financial services provider’s stock worth $167,000 after buying an additional 958 shares during the last quarter. Finally, Alliancebernstein L.P. increased its stake in Pacific Continental Corp. by 7.0% in the second quarter. Alliancebernstein L.P. now owns 18,330 shares of the financial services provider’s stock worth $288,000 after buying an additional 1,200 shares during the last quarter. Institutional investors own 57.27% of the company’s stock.

Pacific Continental Corp. (NASDAQ:PCBK) traded up 0.26% on Friday, hitting $19.50. The stock had a trading volume of 14,397 shares. The firm has a market cap of $440.76 million, a price-to-earnings ratio of 21.01 and a beta of 0.52. Pacific Continental Corp. has a 52-week low of $13.60 and a 52-week high of $19.50. The company’s 50 day moving average price is $17.45 and its 200 day moving average price is $16.45.

Pacific Continental Corp. (NASDAQ:PCBK) last released its earnings results on Wednesday, October 26th. The financial services provider reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by $0.05. Pacific Continental Corp. had a return on equity of 8.85% and a net margin of 20.43%. Analysts expect that Pacific Continental Corp. will post $0.93 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 23rd. Investors of record on Wednesday, November 9th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date was Monday, November 7th. Pacific Continental Corp.’s dividend payout ratio (DPR) is presently 47.83%.

A number of equities research analysts have weighed in on PCBK shares. Zacks Investment Research upgraded Pacific Continental Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, September 27th. Sandler O’Neill downgraded Pacific Continental Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, August 30th. Finally, DA Davidson reiterated a “buy” rating and issued a $20.00 price objective on shares of Pacific Continental Corp. in a report on Tuesday, August 23rd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $18.50.

About Pacific Continental Corp.

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