Pacific Mercantile Bancorp (PMBC) Posts Earnings Results, Misses Estimates By $0.02 EPS
Pacific Mercantile Bancorp (NASDAQ:PMBC) issued its quarterly earnings data on Monday. The bank reported $0.11 EPS for the quarter, missing the Zacks’ consensus estimate of $0.13 by $0.02, MarketWatch Earnings reports. Pacific Mercantile Bancorp had a negative net margin of 72.37% and a negative return on equity of 30.54%.
Shares of Pacific Mercantile Bancorp (NASDAQ PMBC) opened at 8.55 on Tuesday. The company’s market cap is $198.15 million. Pacific Mercantile Bancorp has a 52 week low of $5.30 and a 52 week high of $9.00. The company’s 50-day moving average price is $8.41 and its 200 day moving average price is $7.81.
PMBC has been the topic of a number of analyst reports. Hovde Group raised Pacific Mercantile Bancorp from a “market perform” rating to an “outperform” rating and set a $9.00 price objective on the stock in a report on Monday, May 1st. ValuEngine raised Pacific Mercantile Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, June 3rd.
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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