Pacific Mercantile Bancorp (PMBC) Given News Impact Score of 0.06
News coverage about Pacific Mercantile Bancorp (NASDAQ:PMBC) has trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Pacific Mercantile Bancorp earned a media sentiment score of 0.06 on Accern’s scale. Accern also gave news stories about the bank an impact score of 47.2746145524367 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- Pacific Mercantile Bancorp (PMBC) Issues Quarterly Earnings Results, Misses Estimates By $0.04 EPS (americanbankingnews.com)
- Hovde Group Analysts Give Pacific Mercantile Bancorp (PMBC) a $10.00 Price Target (americanbankingnews.com)
- Pacific Mercantile Bancorp Reports Fourth Quarter and Fiscal 2017 Operating Results Nasdaq:PMBC (menafn.com)
- Pacific Mercantile posts 4Q profit (finance.yahoo.com)
- Pacific Mercantile Bancorp to Participate in FIG Partners CEO Forum (finance.yahoo.com)
Several analysts recently commented on PMBC shares. Keefe, Bruyette & Woods restated a “buy” rating and set a $10.50 price target on shares of Pacific Mercantile Bancorp in a report on Friday, December 22nd. Hovde Group set a $10.00 price target on shares of Pacific Mercantile Bancorp and gave the stock a “buy” rating in a report on Tuesday.
Pacific Mercantile Bancorp (NASDAQ:PMBC) last issued its quarterly earnings data on Thursday, February 1st. The bank reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.04). The business had revenue of $12.28 million for the quarter. Pacific Mercantile Bancorp had a net margin of 18.68% and a return on equity of 9.82%.
In related news, EVP Kittridge Chamberlain sold 7,123 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $9.48, for a total transaction of $67,526.04. Following the transaction, the executive vice president now owns 18,362 shares of the company’s stock, valued at $174,071.76. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last ninety days, insiders have sold 28,993 shares of company stock worth $268,579. Insiders own 3.60% of the company’s stock.
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.
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