Pacific Mercantile Bancorp (NASDAQ:PMBC) Earns News Sentiment Score of 0.24

Media coverage about Pacific Mercantile Bancorp (NASDAQ:PMBC) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Pacific Mercantile Bancorp earned a coverage optimism score of 0.24 on Accern’s scale. Accern also gave news articles about the bank an impact score of 46.7005642650182 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Pacific Mercantile Bancorp traded up $0.05, reaching $9.85, during mid-day trading on Tuesday, MarketBeat reports. 158 shares of the company’s stock traded hands, compared to its average volume of 17,570. Pacific Mercantile Bancorp has a 12-month low of $7.60 and a 12-month high of $10.00. The company has a market cap of $229.70 million, a PE ratio of 18.58 and a beta of 0.16. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.11 and a quick ratio of 1.11.

Pacific Mercantile Bancorp (NASDAQ:PMBC) last posted its quarterly earnings data on Monday, April 23rd. The bank reported $0.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.03. Pacific Mercantile Bancorp had a return on equity of 11.11% and a net margin of 20.82%. The business had revenue of $13.24 million for the quarter.



PMBC has been the subject of several research analyst reports. Hovde Group set a $11.00 price objective on Pacific Mercantile Bancorp and gave the company a “buy” rating in a research note on Wednesday, March 21st. ValuEngine raised Pacific Mercantile Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, June 2nd. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $11.00 price target on shares of Pacific Mercantile Bancorp in a research note on Wednesday, April 25th. Finally, TheStreet upgraded Pacific Mercantile Bancorp from a “c+” rating to a “b” rating in a report on Friday, March 9th.

In related news, Director Warren T. Finley sold 6,505 shares of the company’s stock in a transaction that occurred on Wednesday, April 25th. The stock was sold at an average price of $9.59, for a total value of $62,382.95. Following the transaction, the director now directly owns 4,630 shares of the company’s stock, valued at approximately $44,401.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Md Thomas sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 22nd. The shares were sold at an average price of $9.72, for a total value of $77,760.00. Following the completion of the transaction, the director now directly owns 102,684 shares in the company, valued at $998,088.48. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,505 shares of company stock worth $159,543. Insiders own 4.30% 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.

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

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