Pacific Mercantile Bancorp (NASDAQ:PMBC) insider Thomas Vertin purchased 7,400 shares of Pacific Mercantile Bancorp stock in a transaction on Monday, March 5th. The stock was bought at an average price of $8.59 per share, for a total transaction of $63,566.00. Following the completion of the acquisition, the insider now owns 57,425 shares in the company, valued at approximately $493,280.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Pacific Mercantile Bancorp (NASDAQ PMBC) traded up $0.05 during trading on Wednesday, hitting $9.25. 30,148 shares of the stock were exchanged, compared to its average volume of 17,223. Pacific Mercantile Bancorp has a 12-month low of $6.85 and a 12-month high of $9.85. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.10 and a current ratio of 1.10. The company has a market cap of $215.58, a P/E ratio of -185.00 and a beta of 0.23.
Pacific Mercantile Bancorp (NASDAQ:PMBC) last posted its earnings results on Thursday, February 1st. The bank reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04). Pacific Mercantile Bancorp had a return on equity of 9.68% and a net margin of 18.68%. The business had revenue of $12.28 million during the quarter.
A number of large investors have recently modified their holdings of PMBC. Teachers Advisors LLC grew its holdings in Pacific Mercantile Bancorp by 62.5% during the 2nd quarter. Teachers Advisors LLC now owns 27,757 shares of the bank’s stock valued at $244,000 after purchasing an additional 10,679 shares during the last quarter. Nationwide Fund Advisors grew its holdings in Pacific Mercantile Bancorp by 109.7% during the 2nd quarter. Nationwide Fund Advisors now owns 19,235 shares of the bank’s stock valued at $169,000 after purchasing an additional 10,063 shares during the last quarter. Northern Trust Corp grew its holdings in Pacific Mercantile Bancorp by 3.5% during the 2nd quarter. Northern Trust Corp now owns 157,131 shares of the bank’s stock valued at $1,382,000 after purchasing an additional 5,336 shares during the last quarter. Parametric Portfolio Associates LLC grew its holdings in Pacific Mercantile Bancorp by 5.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 22,743 shares of the bank’s stock valued at $200,000 after purchasing an additional 1,217 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Pacific Mercantile Bancorp by 5.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 448,522 shares of the bank’s stock valued at $3,947,000 after purchasing an additional 22,812 shares during the last quarter. Institutional investors own 44.42% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “Pacific Mercantile Bancorp (PMBC) Insider Buys $63,566.00 in Stock” was first posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this report on another website, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this report can be viewed at https://stocknewstimes.com/2018/03/14/thomas-vertin-acquires-7400-shares-of-pacific-mercantile-bancorp-pmbc-stock.html.
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.
Receive News & Ratings for Pacific Mercantile Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pacific Mercantile Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.