Pacific Mercantile Bancorp (NASDAQ:PMBC) EVP Kittridge Chamberlain sold 7,123 shares of the business’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $9.48, for a total value of $67,526.04. Following the sale, the executive vice president now owns 18,362 shares in the company, valued at approximately $174,071.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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 shares were sold at an average price of $9.62, for a total value of $22,135.62.
  • On Tuesday, December 5th, Kittridge Chamberlain sold 6,774 shares of Pacific Mercantile Bancorp stock. The shares were sold at an average price of $9.72, for a total value of $65,843.28.

Pacific Mercantile Bancorp (NASDAQ:PMBC) traded down $0.50 during trading on Friday, reaching $8.95. The company’s stock had a trading volume of 25,603 shares, compared to its average volume of 25,421. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.29. The stock has a market cap of $221.46, a P/E ratio of 26.53 and a beta of 0.12. Pacific Mercantile Bancorp has a twelve month low of $6.35 and a twelve month high of $9.85.

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

A number of institutional investors have recently bought and sold shares of PMBC. Rhumbline Advisers grew its stake in Pacific Mercantile Bancorp by 32.8% during the 2nd quarter. Rhumbline Advisers now owns 16,038 shares of the bank’s stock valued at $141,000 after purchasing an additional 3,960 shares during the last quarter. Nationwide Fund Advisors grew its stake in Pacific Mercantile Bancorp by 109.7% during the 2nd quarter. Nationwide Fund Advisors now owns 19,235 shares of the bank’s stock valued at $169,000 after purchasing an additional 10,063 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in Pacific Mercantile Bancorp by 482.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,035 shares of the bank’s stock valued at $176,000 after purchasing an additional 16,596 shares during the last quarter. Parametric Portfolio Associates LLC grew its stake in Pacific Mercantile Bancorp by 5.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 22,743 shares of the bank’s stock valued at $200,000 after purchasing an additional 1,217 shares during the last quarter. Finally, Teachers Advisors LLC grew its stake in Pacific Mercantile Bancorp by 62.5% during the 2nd quarter. Teachers Advisors LLC now owns 27,757 shares of the bank’s stock valued at $244,000 after purchasing an additional 10,679 shares during the last quarter. Institutional investors and hedge funds own 48.93% of the company’s stock.

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Pacific Mercantile Bancorp Company Profile

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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