Pacific Mercantile Bancorp (NASDAQ:PMBC) last announced its quarterly earnings results on Monday, October 23rd. The bank reported $0.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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%.
Shares of Pacific Mercantile Bancorp (PMBC) opened at $8.95 on Monday. Pacific Mercantile Bancorp has a 1-year low of $6.70 and a 1-year high of $9.85. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market capitalization of $207.55, a PE ratio of 24.86 and a beta of 0.13.
In related news, EVP Kittridge Chamberlain sold 3,403 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $8.83, for a total value of $30,048.49. Following the completion of the sale, the executive vice president now directly owns 22,294 shares in the company, valued at approximately $196,856.02. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders sold 28,993 shares of company stock valued at $268,579. Corporate insiders own 3.60% of the company’s stock.
An institutional investor recently raised its position in Pacific Mercantile Bancorp stock. The Manufacturers Life Insurance Company increased its stake in Pacific Mercantile Bancorp (NASDAQ:PMBC) by 482.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 20,035 shares of the bank’s stock after purchasing an additional 16,596 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.09% of Pacific Mercantile Bancorp worth $176,000 at the end of the most recent reporting period. 48.93% of the stock is owned by institutional investors.
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.
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