Pacific Mercantile Bancorp (NASDAQ:PMBC) EVP Kittridge Chamberlain sold 2,301 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $9.62, for a total value of $22,135.62. Following the sale, the executive vice president now directly owns 14,968 shares of the company’s stock, valued at $143,992.16. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Kittridge Chamberlain also recently made the following trade(s):

  • On Tuesday, December 5th, Kittridge Chamberlain sold 6,774 shares of Pacific Mercantile Bancorp stock. The stock was sold at an average price of $9.72, for a total value of $65,843.28.

Pacific Mercantile Bancorp (NASDAQ:PMBC) traded down $0.05 during trading on Tuesday, reaching $9.75. The company’s stock had a trading volume of 26,781 shares, compared to its average volume of 25,437. Pacific Mercantile Bancorp has a 52 week low of $6.25 and a 52 week high of $9.85. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.29. The firm has a market cap of $223.78, a PE ratio of 26.81 and a beta of 0.12.

Pacific Mercantile Bancorp (NASDAQ:PMBC) last posted its quarterly earnings results on Monday, October 23rd. The bank reported $0.16 EPS for the quarter, beating the consensus estimate of $0.15 by $0.01. The business had revenue of $12.97 million during the quarter. Pacific Mercantile Bancorp had a return on equity of 7.97% and a net margin of 16.05%.

Several institutional investors and hedge funds have recently bought and sold shares of PMBC. Rhumbline Advisers lifted its holdings in shares of Pacific Mercantile Bancorp by 32.8% in the 2nd quarter. Rhumbline Advisers now owns 16,038 shares of the bank’s stock valued at $141,000 after buying an additional 3,960 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Pacific Mercantile Bancorp by 0.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 64,059 shares of the bank’s stock valued at $564,000 after buying an additional 370 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Pacific Mercantile Bancorp by 451.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 58,271 shares of the bank’s stock valued at $513,000 after buying an additional 47,707 shares during the period. Teachers Advisors LLC lifted its holdings in shares of Pacific Mercantile Bancorp by 62.5% in the 2nd quarter. Teachers Advisors LLC now owns 27,757 shares of the bank’s stock valued at $244,000 after buying an additional 10,679 shares during the period. Finally, Nationwide Fund Advisors lifted its holdings in shares of Pacific Mercantile Bancorp by 109.7% in the 2nd quarter. Nationwide Fund Advisors now owns 19,235 shares of the bank’s stock valued at $169,000 after buying an additional 10,063 shares during the period. 48.93% of the stock is owned by institutional investors and hedge funds.

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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.

Insider Buying and Selling by Quarter for Pacific Mercantile Bancorp (NASDAQ:PMBC)

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