Pacific Mercantile Bancorp (NASDAQ:PMBC) EVP Kittridge Chamberlain sold 3,403 shares of Pacific Mercantile Bancorp stock in a transaction on 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 in the company, valued at $196,856.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 shares were 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 shares were 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 shares were sold at an average price of $9.72, for a total transaction of $65,843.28.

Shares of Pacific Mercantile Bancorp (PMBC) traded up $0.20 on Friday, hitting $8.95. 43,909 shares of the stock were exchanged, compared to its average volume of 16,613. The stock has a market capitalization of $202.91, a price-to-earnings ratio of 24.31 and a beta of 0.12. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.29. Pacific Mercantile Bancorp has a 12-month low of $6.70 and a 12-month high of $9.85.

Pacific Mercantile Bancorp (NASDAQ:PMBC) last announced its quarterly earnings data on Monday, October 23rd. The bank reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. The firm had revenue of $12.97 million for the quarter. Pacific Mercantile Bancorp had a net margin of 16.05% and a return on equity of 7.97%.

Institutional investors and hedge funds have recently made changes to their positions in the company. Rhumbline Advisers grew its holdings in shares of Pacific Mercantile Bancorp by 32.8% during the second quarter. Rhumbline Advisers now owns 16,038 shares of the bank’s stock valued at $141,000 after buying an additional 3,960 shares during the last quarter. Nationwide Fund Advisors grew its holdings in shares of Pacific Mercantile Bancorp by 109.7% during the second quarter. Nationwide Fund Advisors now owns 19,235 shares of the bank’s stock valued at $169,000 after buying an additional 10,063 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Pacific Mercantile Bancorp by 482.6% during the second quarter. The Manufacturers Life Insurance Company now owns 20,035 shares of the bank’s stock valued at $176,000 after buying an additional 16,596 shares during the last quarter. Parametric Portfolio Associates LLC grew its holdings in shares of Pacific Mercantile Bancorp by 5.7% during the second quarter. Parametric Portfolio Associates LLC now owns 22,743 shares of the bank’s stock valued at $200,000 after buying an additional 1,217 shares during the last quarter. Finally, Teachers Advisors LLC grew its holdings in shares of Pacific Mercantile Bancorp by 62.5% during the second quarter. Teachers Advisors LLC now owns 27,757 shares of the bank’s stock valued at $244,000 after buying an additional 10,679 shares during the last quarter. 48.93% of the stock is currently owned by hedge funds and other institutional investors.

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About Pacific Mercantile Bancorp

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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