Pacific Mercantile Bancorp (NASDAQ:PMBC) insider Community Bancfund-A Carpenter sold 5,950,438 shares of the business’s stock in a transaction on Friday, September 14th. The stock was sold at an average price of $8.25, for a total transaction of $49,091,113.50. The transaction was disclosed in a document filed with the SEC, which is available through this link.

NASDAQ PMBC opened at $10.05 on Friday. Pacific Mercantile Bancorp has a 52 week low of $8.05 and a 52 week high of $10.45. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market cap of $239.63 million, a PE ratio of 9.58 and a beta of 0.13.

Pacific Mercantile Bancorp (NASDAQ:PMBC) last posted its earnings results on Thursday, July 26th. The bank reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.03. Pacific Mercantile Bancorp had a net margin of 40.11% and a return on equity of 21.40%. The business had revenue of $13.58 million for the quarter.

Separately, ValuEngine raised shares of Pacific Mercantile Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday, June 2nd.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of Pacific Mercantile Bancorp by 2.4% in the second quarter. BlackRock Inc. now owns 914,114 shares of the bank’s stock worth $8,913,000 after buying an additional 21,694 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Pacific Mercantile Bancorp by 7.2% in the second quarter. Renaissance Technologies LLC now owns 575,200 shares of the bank’s stock worth $5,608,000 after buying an additional 38,600 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Pacific Mercantile Bancorp by 2.5% in the second quarter. Dimensional Fund Advisors LP now owns 552,445 shares of the bank’s stock worth $5,386,000 after buying an additional 13,537 shares during the last quarter. Deutsche Bank AG increased its stake in shares of Pacific Mercantile Bancorp by 62.6% in the fourth quarter. Deutsche Bank AG now owns 48,241 shares of the bank’s stock worth $419,000 after buying an additional 18,576 shares during the last quarter. Finally, Acadian Asset Management LLC increased its stake in shares of Pacific Mercantile Bancorp by 57.7% in the second quarter. Acadian Asset Management LLC now owns 34,631 shares of the bank’s stock worth $337,000 after buying an additional 12,671 shares during the last quarter. 45.44% of the stock is currently owned by institutional investors and hedge funds.

Pacific Mercantile Bancorp Company Profile

Pacific Mercantile Bancorp operates as the holding company for Pacific Mercantile Bank that provides a range of commercial banking products and services to small and medium-size businesses, professional firms, and individuals in Southern California, the United States. The company's deposit products include checking accounts, interest-bearing term deposit accounts, savings and money market deposits, and time deposits.

Further Reading: Asset Allocation and Your Retirement

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

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