Live Stock Coverage: Is Pacific Continental Corporation a Buy? The Stock Reaches 52-Week High Today

Live Stock Coverage: Is Pacific Continental Corporation a Buy? The Stock Reaches 52 Week High Today

The stock of Pacific Continental Corporation (NASDAQ:PCBK) hit a new 52-week high and has $41.64 target or 118.00% above today’s $19.10 share price. The 6 months bullish chart indicates low risk for the $445.77M company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $41.64 price target is reached, the company will be worth $526.01M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 46,163 shares traded hands. Pacific Continental Corporation (NASDAQ:PCBK) has risen 14.41% since April 19, 2016 and is uptrending. It has outperformed by 10.55% the S&P500.

Pacific Continental Corporation (NASDAQ:PCBK) Ratings Coverage

Out of 3 analysts covering Pacific Continental (NASDAQ:PCBK), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Pacific Continental has been the topic of 4 analyst reports since October 16, 2015 according to StockzIntelligence Inc. Keefe Bruyette & Woods upgraded the stock to “Outperform” rating in Friday, January 22 report. The rating was upgraded by FIG Partners on Friday, October 16 to “Outperform”. The rating was upgraded by Raymond James to “Outperform” on Friday, May 13. The stock of Pacific Continental Corporation (NASDAQ:PCBK) earned “Mkt Perform” rating by Raymond James on Thursday, December 17.

According to Zacks Investment Research, “PACIFIC CONTINENTAL is a one-bank holding company. Their principal business activities are conducted through their full- service commercial bank subsidiary, PacificContinental Bank. The Bank is engaged in general commercial banking, with emphasis on lending to small and medium-sized businesses and construction lending for commercial facilities and single family residences. The Bank provides a range of financial services tailored to the needs of the community.”

Insitutional Activity: The institutional sentiment increased to 1.16 in Q2 2016. Its up 0.13, from 1.03 in 2016Q1. The ratio is positive, as 4 funds sold all Pacific Continental Corporation shares owned while 34 reduced positions. 5 funds bought stakes while 34 increased positions. They now own 17.92 million shares or 37.94% more from 12.99 million shares in 2016Q1.
Naples Global Advsrs Limited Liability Corporation has 0.15% invested in the company for 23,517 shares. Moreover, Invesco Limited has 0% invested in Pacific Continental Corporation (NASDAQ:PCBK) for 13,579 shares. Madrona Finance Services Limited Liability Co last reported 18,757 shares in the company. Hillcrest Asset Limited Liability owns 323,103 shares or 1.28% of their US portfolio. The New York-based Metropolitan Life Insurance Co New York has invested 0% in Pacific Continental Corporation (NASDAQ:PCBK). Parametric Port Associate Limited Com reported 12,597 shares or 0% of all its holdings. Envestnet Asset holds 0% of its portfolio in Pacific Continental Corporation (NASDAQ:PCBK) for 3,123 shares. Wedge Cap Management L Limited Partnership Nc has 5.17M shares for 0.97% of their US portfolio. Us Savings Bank De accumulated 0% or 62,970 shares. Mengis Cap last reported 0.37% of its portfolio in the stock. Blackrock Ltd holds 0% of its portfolio in Pacific Continental Corporation (NASDAQ:PCBK) for 79,541 shares. Rhumbline Advisers owns 24,769 shares or 0% of their US portfolio. Pacific Ridge Cap Prtn Limited Liability last reported 1.56% of its portfolio in the stock. Banc Funds Ltd Liability Com owns 1.53M shares or 1.41% of their US portfolio. Signia Limited Com, a Washington-based fund reported 20,122 shares.

More notable recent Pacific Continental Corporation (NASDAQ:PCBK) news were published by: Prnewswire.com which released: “Pacific Continental Corporation Announces Plan to Acquire Foundation Bancorp, Inc.” on April 26, 2016, also Prnewswire.com with their article: “Pacific Continental Corporation Announces Thomas Ellison and Duane C. Woods …” published on September 08, 2016, Prnewswire.com published: “Pacific Continental Corporation Announces Jocelyn Lane as Puget Sound Market …” on September 07, 2016. More interesting news about Pacific Continental Corporation (NASDAQ:PCBK) were released by: Prnewswire.com and their article: “Pacific Continental Corporation Announces Promotion of Maria Seip to Executive …” published on June 23, 2016 as well as Prnewswire.com‘s news article titled: “Pacific Continental Corporation Names Richard Sawyer as Executive Vice …” with publication date: July 09, 2015.

PCBK Company Profile

Pacific Continental Corporation, incorporated on December 8, 1998, 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 (FDIC). The Bank operates in over three primary markets, including Eugene, Oregon, Portland; Oregon/Southwest Washington, and Seattle, Washington. The Bank operates over 15 full-service offices in Oregon and Washington, and approximately three loan production offices in Washington, Colorado, and California. The Bank primarily operates in large commercial markets and provides banking and related services designed for community businesses, nonprofit organizations, professional service providers and banking services for business owners. The Firm provides traditional commercial and consumer banking services, including cash management products for businesses, online banking, safe deposit services, debit and automated teller machine (ATM) cards, automated clearing house (ACH) transactions, savings bonds, cashier’s checks, notary services and others.

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