Pacific Mercantile Bancorp (PMBC) Receives News Impact Score of 0.17
News coverage about Pacific Mercantile Bancorp (NASDAQ:PMBC) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Pacific Mercantile Bancorp earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned media stories about the bank an impact score of 43.5821066309398 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Pacific Mercantile Bancorp (NASDAQ PMBC) traded up $0.05 on Friday, hitting $8.35. 8,603 shares of the stock traded hands, compared to its average volume of 14,902. Pacific Mercantile Bancorp has a 52 week low of $6.85 and a 52 week 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 firm has a market capitalization of $194.00, a PE ratio of 18.56 and a beta of 0.23.
Pacific Mercantile Bancorp (NASDAQ:PMBC) last posted its quarterly earnings data on Thursday, February 1st. The bank reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.04). Pacific Mercantile Bancorp had a return on equity of 9.82% and a net margin of 18.68%. The firm had revenue of $12.28 million for the quarter.
In other news, EVP Kittridge Chamberlain sold 9,392 shares of the stock in a transaction on Monday, December 11th. The shares were sold at an average price of $8.84, for a total transaction of $83,025.28. Following the completion of the sale, the executive vice president now directly owns 22,294 shares in the company, valued at $197,078.96. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Thomas J. Inserra acquired 6,413 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were purchased at an average price of $8.65 per share, with a total value of $55,472.45. Following the completion of the transaction, the executive vice president now owns 37,000 shares of the company’s stock, valued at $320,050. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 7,152 shares of company stock valued at $61,884 and have sold 30,069 shares valued at $273,929. Corporate insiders own 3.60% 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.
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