Keefe, Bruyette & Woods Reports on Pacific Continental

Keefe, Bruyette & Woods commented on Pacific Continental PCBK in a report released earlier today. In the report, Keefe was positive in its outlook on the company. Keefe writes, "PCBK is a solid lender with a proven track record for establishing relationship-based loans and deposits. Over the next several quarters, we expect improved credit metrics, the return of net loan growth, and a higher ROE due to capital deployment and higher income." Keefe currently has an Outperform rating on Pacific Continental and a price target of $11. Shares of the PCBK closed at $8.95, down $0.03 from the opening bell.