Somewhat Positive News Coverage Somewhat Unlikely to Affect Pacific Mercantile Bancorp (PMBC) Share Price
Headlines about Pacific Mercantile Bancorp (NASDAQ:PMBC) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Pacific Mercantile Bancorp earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave press coverage about the bank an impact score of 43.8149159912409 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern’s analysis:
- Contrasting Northwest Bancshares (NWBI) and Pacific Mercantile Bancorp (PMBC) (americanbankingnews.com)
- Analyzing Zions Bancorp (ZION) and Pacific Mercantile Bancorp (PMBC) (americanbankingnews.com)
- Pacific Mercantile Bancorp (PMBC) Given Consensus Rating of “Buy” by Analysts (americanbankingnews.com)
- Pacific Mercantile Bank Provides $2.5 Million in Financing to Karish Industries (globenewswire.com)
Separately, ValuEngine downgraded Pacific Mercantile Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, June 27th.
Pacific Mercantile Bancorp (NASDAQ:PMBC) last issued its quarterly earnings results on Thursday, July 26th. The bank reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.03. Pacific Mercantile Bancorp had a return on equity of 21.40% and a net margin of 40.11%. The business had revenue of $13.58 million for the quarter.
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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