Pacific Continental Corporation (PCBK) was Upgraded by Raymond James to ” Outperform”. Earlier the firm had a rating of “Mkt Perform ” on the company shares. Raymond James advised their investors in a research report released on May 13, 2016.
Pacific Continental Corporation opened for trading at $16.5 and hit $16.66 on the upside on Tuesday, eventually ending the session at $16.5, with a gain of 0.55% or 0.09 points. The heightened volatility saw the trading volume jump to 13,183 shares. Company has a market cap of $324 M.
In a different news, on May 12, 2016, Richard R Sawyer (CFO) purchased 2,020 shares at $16.52 per share price. According to the SEC, on Sep 18, 2015, Karen Whitman (director) sold 3,000 shares at $12.90 per share price. On Aug 25, 2015, Donald G Montgomery (director) purchased 3,500 shares at $13.15 per share price, according to the Form-4 filing with the securities and exchange commission.
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 operates in three primary markets: Portland Oregon / Southwest Washington; Seattle Washington and Eugene Oregon. The Bank operates approximately 14 full-service offices in Oregon and Washington and two loan production offices in Washington and Colorado. The Bank provides traditional commercial and consumer banking services including cash management products for businesses online banking safe deposit services debit and automated teller machine cards automated clearing house transactions savings bonds cashier’s checks travelers’ checks notary services and others.