Pacific Continental (NASDAQ: PCBK)‘s stock had its “hold” rating reiterated by equities research analysts at Pacific Crest in a research note issued to investors on Thursday. They currently have a $10.00 price target on the stock.
Separately, analysts at DA Davidson raised their price target on shares of Pacific Continental to $11.00 in a research note to investors on Wednesday.
Pacific Continental Corporation is a bank holding company. The Company’s principal business activities are conducted through Pacific Continental Bank (the Bank), an Oregon state-chartered bank with deposits insured by the Federal Deposit Insurance Corporation (FDIC). The Bank has two subsidiaries, PCB Service Corporation (presently inactive), which formerly held and managed Bank property, and PCB Loan Services (presently inactive), which formerly managed certain other real estate owned. The Bank operates in three primary markets: Portland, Oregon / Southwest Washington; Seattle, Washington; and Eugene, Oregon. At December 31, 2009, the Bank operated 14 full-service offices in six Oregon and three Washington cities.
Pacific Continental traded down 1.22% on Thursday, hitting $8.90. Pacific Continental has a 1-year low of $6.15 and a 1-year high of $10.70. The stock has a 50-day moving average of $8.81 and a 200-day moving average of $8.55. The company has a market cap of $164.1 million and a price-to-earnings ratio of 21.98.