Why Pacific Continental Corporation (Ore) (NASDAQ:PCBK) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $18.00 on Pacific Continental Corporation (Ore) (NASDAQ:PCBK) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $0.99 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Pacific Continental Corporation (Ore) (NASDAQ:PCBK) stands at 15.81.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Pacific Continental Corporation, the PEG ratio for coming 3-5 years is 1.56.

Technical Analysis

The technical analysis highlights that Pacific Continental Corporation current is trading $-0.20 points away or -1.31% from its 50-day moving average of $15.44. Further it is trading $-0.66 or -4.16% away its 200-day moving average of $15.90.

The 52-week high of Pacific Continental Corporation (Ore) (NASDAQ:PCBK) was $17.12 while lowest point recorded in 52-week was $12.61. It implies if stock price makes a movement of over $-1.88, it will record a new 52-week high. In the case of +20.86% drop, it will touch a new 52-week low.

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