Pacific Mercantile Bancorp (NASDAQ:PMBC) Director John Md Thomas sold 21,641 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $7.89, for a total value of $170,747.49. Following the transaction, the director now directly owns 80,248 shares of the company’s stock, valued at approximately $633,156.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
John Md Thomas also recently made the following trade(s):
- On Thursday, March 14th, John Md Thomas sold 10,000 shares of Pacific Mercantile Bancorp stock. The shares were sold at an average price of $7.83, for a total value of $78,300.00.
Shares of Pacific Mercantile Bancorp stock traded down $0.07 on Friday, reaching $8.39. 26,300 shares of the company’s stock were exchanged, compared to its average volume of 24,780. The stock has a market capitalization of $180.99 million, a price-to-earnings ratio of 7.83 and a beta of 0.54. Pacific Mercantile Bancorp has a 52 week low of $6.80 and a 52 week high of $10.45. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.12 and a current ratio of 1.12.
Pacific Mercantile Bancorp (NASDAQ:PMBC) last posted its quarterly earnings results on Monday, April 22nd. The bank reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.08). Pacific Mercantile Bancorp had a return on equity of 18.60% and a net margin of 35.65%. The business had revenue of $13.54 million for the quarter.
Separately, Keefe, Bruyette & Woods cut Pacific Mercantile Bancorp from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $9.50 to $9.00 in a report on Sunday, February 24th.
Several institutional investors and hedge funds have recently modified their holdings of PMBC. Dalton Greiner Hartman Maher & Co. purchased a new stake in Pacific Mercantile Bancorp in the 1st quarter valued at $2,711,000. Banc Funds Co. LLC boosted its stake in Pacific Mercantile Bancorp by 36.5% in the 1st quarter. Banc Funds Co. LLC now owns 988,884 shares of the bank’s stock worth $7,535,000 after purchasing an additional 264,284 shares during the period. Southside Capital LLC bought a new position in Pacific Mercantile Bancorp in the 4th quarter worth about $894,000. Context BH Capital Management LP boosted its stake in Pacific Mercantile Bancorp by 45.6% in the 1st quarter. Context BH Capital Management LP now owns 284,479 shares of the bank’s stock worth $2,168,000 after purchasing an additional 89,135 shares during the period. Finally, Martingale Asset Management L P bought a new stake in shares of Pacific Mercantile Bancorp during the 4th quarter valued at about $231,000. Institutional investors own 67.73% of the company’s stock.
About Pacific Mercantile Bancorp
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.
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