News stories about Pacific Mercantile Bancorp (NASDAQ:PMBC) have been trending positive this week, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news 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 coverage optimism score of 0.29 on Accern’s scale. Accern also assigned headlines about the bank an impact score of 43.9100946671437 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
Pacific Mercantile Bancorp (PMBC) opened at $8.70 on Monday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.29. The stock has a market cap of $202.13, a PE ratio of 19.33 and a beta of 0.18. Pacific Mercantile Bancorp has a twelve month low of $6.85 and a twelve month high of $9.85.
Pacific Mercantile Bancorp (NASDAQ:PMBC) last issued its earnings results on Thursday, February 1st. The bank reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.04). The firm had revenue of $12.28 million during the quarter. Pacific Mercantile Bancorp had a return on equity of 9.82% and a net margin of 18.68%.
Several research firms recently commented on PMBC. Keefe, Bruyette & Woods reissued a “buy” rating and set a $10.50 price objective on shares of Pacific Mercantile Bancorp in a research note on Friday, December 22nd. Hovde Group set a $10.00 price objective on shares of Pacific Mercantile Bancorp and gave the stock a “buy” rating in a research note on Tuesday, January 30th.
In other Pacific Mercantile Bancorp news, EVP Kittridge Chamberlain sold 3,403 shares of Pacific Mercantile Bancorp stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $8.83, for a total value of $30,048.49. Following the completion of the transaction, the executive vice president now directly owns 22,294 shares of the company’s stock, valued at $196,856.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 28,993 shares of company stock valued at $268,579 over the last ninety days. Corporate insiders own 3.60% 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.
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