Pacific Mercantile Bancorp (NASDAQ:PMBC) CEO Bradford R. Dinsmore purchased 3,000 shares of Pacific Mercantile Bancorp stock in a transaction dated Friday, February 7th. The shares were bought at an average price of $6.92 per share, with a total value of $20,760.00. Following the completion of the acquisition, the chief executive officer now directly owns 31,000 shares of the company’s stock, valued at $214,520. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of NASDAQ:PMBC opened at $7.09 on Friday. Pacific Mercantile Bancorp has a 1-year low of $6.76 and a 1-year high of $8.91. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.13 and a quick ratio of 1.13. The business has a fifty day moving average price of $7.45 and a 200-day moving average price of $7.46. The company has a market capitalization of $157.02 million, a PE ratio of 28.36 and a beta of 0.65.
Pacific Mercantile Bancorp (NASDAQ:PMBC) last issued its quarterly earnings results on Monday, January 27th. The bank reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.07). Pacific Mercantile Bancorp had a net margin of 7.97% and a return on equity of 3.98%. The company had revenue of $13.91 million for the quarter.
PMBC has been the subject of several analyst reports. TheStreet downgraded Pacific Mercantile Bancorp from a “b-” rating to a “c+” rating in a report on Friday, October 18th. ValuEngine upgraded Pacific Mercantile Bancorp from a “hold” rating to a “buy” rating in a report on Tuesday, January 21st.
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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