Pacific Mercantile Bancorp (PMBC) Director John Md Thomas Sells 7,000 Shares
Pacific Mercantile Bancorp (NASDAQ:PMBC) Director John Md Thomas sold 7,000 shares of the firm’s stock in a transaction dated Friday, December 7th. The stock was sold at an average price of $7.53, for a total transaction of $52,710.00. Following the completion of the transaction, the director now directly owns 90,684 shares in the company, valued at approximately $682,850.52. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
John Md Thomas also recently made the following trade(s):
- On Friday, October 26th, John Md Thomas sold 5,000 shares of Pacific Mercantile Bancorp stock. The stock was sold at an average price of $8.28, for a total transaction of $41,400.00.
Pacific Mercantile Bancorp stock traded down $0.18 during midday trading on Friday, hitting $7.37. 82,800 shares of the company’s stock were exchanged, compared to its average volume of 23,175. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. Pacific Mercantile Bancorp has a 12 month low of $7.31 and a 12 month high of $10.45. The stock has a market cap of $165.69 million, a price-to-earnings ratio of 7.00 and a beta of 0.33.
Institutional investors have recently modified their holdings of the business. SG Americas Securities LLC bought a new position in Pacific Mercantile Bancorp during the 3rd quarter worth about $103,000. Strs Ohio bought a new position in Pacific Mercantile Bancorp during the 3rd quarter worth about $143,000. Bank of America Corp DE grew its holdings in Pacific Mercantile Bancorp by 244.7% during the 2nd quarter. Bank of America Corp DE now owns 22,650 shares of the bank’s stock worth $221,000 after acquiring an additional 16,080 shares in the last quarter. Acadian Asset Management LLC grew its holdings in Pacific Mercantile Bancorp by 57.7% during the 2nd quarter. Acadian Asset Management LLC now owns 34,631 shares of the bank’s stock worth $337,000 after acquiring an additional 12,671 shares in the last quarter. Finally, Ativo Capital Management LLC grew its holdings in Pacific Mercantile Bancorp by 43.1% during the 3rd quarter. Ativo Capital Management LLC now owns 93,033 shares of the bank’s stock worth $870,000 after acquiring an additional 28,013 shares in the last quarter. Institutional investors own 67.89% of the company’s stock.
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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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