Dimensional Fund Advisors LP Has $19.24 Million Stake in Pacific Continental Corporation (Ore) (PCBK)

Dimensional Fund Advisors LP boosted its position in Pacific Continental Corporation (Ore) (NASDAQ:PCBK) by 1.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 785,119 shares of the financial services provider’s stock after buying an additional 7,870 shares during the period. Dimensional Fund Advisors LP’s holdings in Pacific Continental Corporation (Ore) were worth $19,235,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in PCBK. Ferguson Wellman Capital Management Inc. purchased a new position in shares of Pacific Continental Corporation (Ore) during the first quarter worth approximately $205,000. Wellington Management Group LLP purchased a new position in shares of Pacific Continental Corporation (Ore) during the first quarter worth approximately $274,000. American International Group Inc. increased its position in shares of Pacific Continental Corporation (Ore) by 14.1% in the first quarter. American International Group Inc. now owns 12,525 shares of the financial services provider’s stock worth $307,000 after buying an additional 1,551 shares during the last quarter. TD Asset Management Inc. increased its position in shares of Pacific Continental Corporation (Ore) by 3.2% in the first quarter. TD Asset Management Inc. now owns 13,002 shares of the financial services provider’s stock worth $319,000 after buying an additional 400 shares during the last quarter. Finally, State of Wisconsin Investment Board purchased a new position in shares of Pacific Continental Corporation (Ore) during the first quarter worth approximately $331,000. Institutional investors own 72.17% of the company’s stock.

Shares of Pacific Continental Corporation (NASDAQ PCBK) traded down 0.63% during trading on Friday, hitting $23.80. 207,977 shares of the stock were exchanged. Pacific Continental Corporation has a 12-month low of $15.25 and a 12-month high of $26.85. The stock has a market cap of $541.97 million, a P/E ratio of 20.95 and a beta of 0.74. The stock has a 50-day moving average of $25.15 and a 200 day moving average of $24.88.

The firm also recently declared a quarterly dividend, which was paid on Monday, August 7th. Shareholders of record on Friday, July 28th were given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend was Wednesday, July 26th. Pacific Continental Corporation (Ore)’s dividend payout ratio (DPR) is presently 46.32%.

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A number of brokerages have recently issued reports on PCBK. BidaskClub downgraded shares of Pacific Continental Corporation (Ore) from a “sell” rating to a “strong sell” rating in a report on Thursday. Zacks Investment Research downgraded shares of Pacific Continental Corporation (Ore) from a “buy” rating to a “hold” rating in a report on Tuesday, May 2nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The company 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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Institutional Ownership by Quarter for Pacific Continental Corporation (Ore) (NASDAQ:PCBK)

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