Headlines about Pacific Mercantile Bancorp (NASDAQ:PMBC) have trended positive recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Pacific Mercantile Bancorp earned a news impact score of 0.29 on Accern’s scale. Accern also assigned media stories about the bank an impact score of 43.9100946671437 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Pacific Mercantile Bancorp (NASDAQ PMBC) remained flat at $$9.05 during trading hours on Friday. The company’s stock had a trading volume of 16,441 shares, compared to its average volume of 26,184. The stock has a market cap of $209.87, a PE ratio of 25.14 and a beta of 0.13. Pacific Mercantile Bancorp has a 12 month low of $6.70 and a 12 month high of $9.85. 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 (NASDAQ:PMBC) last posted its earnings results on Monday, October 23rd. The bank reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.01. The firm 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%.
Separately, Keefe, Bruyette & Woods restated a “buy” rating and set a $10.50 target price on shares of Pacific Mercantile Bancorp in a research report on Friday, December 22nd.
In other Pacific Mercantile Bancorp news, EVP Kittridge Chamberlain sold 3,403 shares of the stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $8.83, for a total transaction of $30,048.49. Following the sale, the executive vice president now owns 22,294 shares in the company, valued at $196,856.02. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last 90 days, insiders have sold 28,993 shares of company stock worth $268,579. Company 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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