Pacific Mercantile Bancorp (NASDAQ:PMBC) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 92,100 shares, an increase of 27.9% from the July 31st total of 72,000 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average trading volume of 36,500 shares, the short-interest ratio is presently 2.5 days.

Separately, TheStreet cut shares of Pacific Mercantile Bancorp from a “b” rating to a “c+” rating in a research report on Friday, August 23rd.

PMBC traded up $0.11 on Friday, reaching $8.02. The company had a trading volume of 39,588 shares, compared to its average volume of 29,309. Pacific Mercantile Bancorp has a 1 year low of $6.80 and a 1 year high of $10.25. The stock has a market capitalization of $169.35 million, a PE ratio of 14.77 and a beta of 0.59. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.39. The stock has a 50-day moving average price of $7.62 and a 200-day moving average price of $7.91.

Pacific Mercantile Bancorp (NASDAQ:PMBC) last announced its earnings results on Monday, July 22nd. The bank reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.02). Pacific Mercantile Bancorp had a net margin of 17.07% and a return on equity of 8.78%. The business had revenue of $13.61 million during the quarter.

Several large investors have recently made changes to their positions in the company. Strs Ohio raised its holdings in shares of Pacific Mercantile Bancorp by 5.4% in the second quarter. Strs Ohio now owns 25,300 shares of the bank’s stock valued at $208,000 after buying an additional 1,300 shares during the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of Pacific Mercantile Bancorp by 549.7% in the first quarter. BNP Paribas Arbitrage SA now owns 3,294 shares of the bank’s stock valued at $25,000 after buying an additional 2,787 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Pacific Mercantile Bancorp by 14.9% in the fourth quarter. Bank of America Corp DE now owns 35,355 shares of the bank’s stock valued at $253,000 after buying an additional 4,576 shares during the last quarter. Martingale Asset Management L P raised its holdings in shares of Pacific Mercantile Bancorp by 19.6% in the first quarter. Martingale Asset Management L P now owns 38,532 shares of the bank’s stock valued at $294,000 after buying an additional 6,304 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC purchased a new stake in shares of Pacific Mercantile Bancorp in the first quarter valued at about $50,000. 69.33% of the stock is owned by institutional investors and hedge funds.

Pacific Mercantile Bancorp Company Profile

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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