Press coverage about Pacific Mercantile Bancorp (NASDAQ:PMBC) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Pacific Mercantile Bancorp earned a news impact score of 0.15 on Accern’s scale. Accern also assigned news articles about the bank an impact score of 44.6818550410761 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media headlines that may have effected Accern’s scoring:
- Pacific Mercantile Bancorp (PMBC) Raised to B at TheStreet (americanbankingnews.com)
- Pacific Mercantile Bancorp (PMBC) CAO Sells $63,700.00 in Stock (americanbankingnews.com)
- Pacific Mercantile (PMBC) Presents At Sandler O’Neill Partners 2018 West Coast Financial Services Conference – Slideshow (seekingalpha.com)
- Pacific Mercantile Bancorp (PMBC) Insider Buys $63,566.00 in Stock (americanbankingnews.com)
Pacific Mercantile Bancorp (NASDAQ:PMBC) traded up $0.10 during trading on Wednesday, reaching $9.30. The company’s stock had a trading volume of 20,723 shares, compared to its average volume of 15,872. The company has a market capitalization of $216.74, a PE ratio of 20.44 and a beta of 0.23. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.10 and a current ratio of 1.10. Pacific Mercantile Bancorp has a 1 year low of $6.85 and a 1 year high of $9.85.
A number of research firms have recently weighed in on PMBC. Hovde Group set a $10.00 target price on Pacific Mercantile Bancorp and gave the stock a “buy” rating in a report on Tuesday, January 30th. TheStreet raised Pacific Mercantile Bancorp from a “c+” rating to a “b” rating in a research note on Friday, March 9th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $10.50 price target on shares of Pacific Mercantile Bancorp in a research note on Friday, December 22nd.
In other news, Director John Md Thomas sold 8,595 shares of the company’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $8.50, for a total transaction of $73,057.50. Following the transaction, the director now directly owns 110,684 shares of the company’s stock, valued at $940,814. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Thomas J. Inserra purchased 6,413 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was bought at an average cost of $8.65 per share, with a total value of $55,472.45. Following the completion of the transaction, the executive vice president now directly owns 37,000 shares in the company, valued at approximately $320,050. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 14,552 shares of company stock worth $125,450 and sold 18,972 shares worth $164,243. 3.60% of the stock is currently owned by insiders.
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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.
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