Pacific Mercantile Bancorp (NASDAQ:PMBC) EVP Kittridge Chamberlain sold 3,403 shares of Pacific Mercantile Bancorp stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $8.83, for a total transaction of $30,048.49. Following the completion of the transaction, the executive vice president now directly owns 22,294 shares of the company’s stock, valued at $196,856.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Kittridge Chamberlain also recently made the following trade(s):

  • On Monday, December 11th, Kittridge Chamberlain sold 9,392 shares of Pacific Mercantile Bancorp stock. The stock was sold at an average price of $8.84, for a total transaction of $83,025.28.
  • On Thursday, December 7th, Kittridge Chamberlain sold 7,123 shares of Pacific Mercantile Bancorp stock. The stock was sold at an average price of $9.48, for a total transaction of $67,526.04.
  • On Friday, December 1st, Kittridge Chamberlain sold 2,301 shares of Pacific Mercantile Bancorp stock. The stock was sold at an average price of $9.62, for a total transaction of $22,135.62.
  • On Tuesday, December 5th, Kittridge Chamberlain sold 6,774 shares of Pacific Mercantile Bancorp stock. The stock was sold at an average price of $9.72, for a total transaction of $65,843.28.

Shares of Pacific Mercantile Bancorp (NASDAQ:PMBC) traded up $0.20 during trading on Friday, reaching $8.95. 43,909 shares of the company’s stock traded hands, compared to its average volume of 16,613. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a market capitalization of $202.91, a PE ratio of 24.31 and a beta of 0.12. Pacific Mercantile Bancorp has a twelve month low of $6.70 and a twelve month high of $9.85.

Pacific Mercantile Bancorp (NASDAQ:PMBC) last issued its earnings results on Monday, October 23rd. The bank reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.01. The business had revenue of $12.97 million during the quarter. Pacific Mercantile Bancorp had a net margin of 16.05% and a return on equity of 7.97%.

A number of institutional investors have recently modified their holdings of PMBC. JPMorgan Chase & Co. raised its holdings in Pacific Mercantile Bancorp by 451.6% in the second quarter. JPMorgan Chase & Co. now owns 58,271 shares of the bank’s stock worth $513,000 after buying an additional 47,707 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Pacific Mercantile Bancorp by 5.3% in the third quarter. Dimensional Fund Advisors LP now owns 472,100 shares of the bank’s stock worth $4,320,000 after acquiring an additional 23,578 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Pacific Mercantile Bancorp by 482.6% in the second quarter. The Manufacturers Life Insurance Company now owns 20,035 shares of the bank’s stock worth $176,000 after acquiring an additional 16,596 shares during the period. State Street Corp grew its stake in shares of Pacific Mercantile Bancorp by 5.5% in the second quarter. State Street Corp now owns 217,795 shares of the bank’s stock worth $1,915,000 after acquiring an additional 11,415 shares during the period. Finally, Teachers Advisors LLC grew its stake in shares of Pacific Mercantile Bancorp by 62.5% in the second quarter. Teachers Advisors LLC now owns 27,757 shares of the bank’s stock worth $244,000 after acquiring an additional 10,679 shares during the period. 48.93% of the stock is owned by institutional investors and hedge funds.

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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.

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

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