Pacific Mercantile Bancorp (NASDAQ:PMBC) EVP Kittridge Chamberlain sold 6,774 shares of the company’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $9.72, for a total transaction of $65,843.28. Following the completion of the transaction, the executive vice president now owns 14,968 shares of the company’s stock, valued at $145,488.96. The sale was disclosed in a filing with the SEC, which is available at this link.

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

  • On Friday, December 1st, Kittridge Chamberlain sold 2,301 shares of Pacific Mercantile Bancorp stock. The stock was sold at an average price of $9.62, for a total transaction of $22,135.62.

Shares of Pacific Mercantile Bancorp (NASDAQ:PMBC) traded down $0.05 during midday trading on Tuesday, reaching $9.75. 26,781 shares of the company’s stock traded hands, compared to its average volume of 25,437. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.29. Pacific Mercantile Bancorp has a 1-year low of $6.25 and a 1-year high of $9.85. The company has a market cap of $223.78, a price-to-earnings ratio of 26.81 and a beta of 0.12.

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

A number of hedge funds and other institutional investors have recently modified their holdings of PMBC. JPMorgan Chase & Co. raised its holdings in Pacific Mercantile Bancorp by 451.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 58,271 shares of the bank’s stock worth $513,000 after purchasing an additional 47,707 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Pacific Mercantile Bancorp by 5.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 472,100 shares of the bank’s stock worth $4,320,000 after purchasing an additional 23,578 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Pacific Mercantile Bancorp by 482.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,035 shares of the bank’s stock worth $176,000 after buying an additional 16,596 shares during the period. State Street Corp grew its position in shares of Pacific Mercantile Bancorp by 5.5% in the 2nd quarter. State Street Corp now owns 217,795 shares of the bank’s stock worth $1,915,000 after buying an additional 11,415 shares during the period. Finally, Teachers Advisors LLC grew its position 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 worth $244,000 after buying an additional 10,679 shares during the period. Institutional investors and hedge funds own 48.93% of the company’s stock.

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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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