Pacific Mercantile Bancorp (NASDAQ:PMBC) Scheduled to Post Quarterly Earnings on Monday
Pacific Mercantile Bancorp (NASDAQ:PMBC) last posted its quarterly earnings data on Monday, April 24th. The bank reported $0.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.05. The firm had revenue of $11.04 million during the quarter. Pacific Mercantile Bancorp had a negative return on equity of 30.54% and a negative net margin of 72.37%. On average, analysts expect Pacific Mercantile Bancorp to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Pacific Mercantile Bancorp (NASDAQ PMBC) traded up 2.92% during mid-day trading on Friday, reaching $8.80. The company’s stock had a trading volume of 30,630 shares. The stock’s 50-day moving average is $8.37 and its 200-day moving average is $7.78. Pacific Mercantile Bancorp has a 12 month low of $5.30 and a 12 month high of $9.00. The firm’s market capitalization is $203.95 million.
PMBC has been the topic of a number of recent research reports. ValuEngine raised shares of Pacific Mercantile Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, June 3rd. Hovde Group raised shares of Pacific Mercantile Bancorp from a “market perform” rating to an “outperform” rating and set a $9.00 target price on the stock in a report on Monday, May 1st.
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About Pacific Mercantile Bancorp
Pacific Mercantile Bancorp is the holding company for Pacific Mercantile Bank (the Bank). The Company’s business operations are conducted by the Bank. It operates through commercial banking segment. The Bank offers its customers different loan products, including commercial loans and credit lines, accounts receivable and inventory financing, Small Business Administration (SBA) guaranteed business loans, and owner-occupied commercial real estate loans.
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