Somewhat Positive Press Coverage Somewhat Unlikely to Impact Pacific Mercantile Bancorp (NASDAQ:PMBC) Stock Price

Media stories about Pacific Mercantile Bancorp (NASDAQ:PMBC) have been trending somewhat positive on Thursday, Accern Sentiment reports. The research firm ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Pacific Mercantile Bancorp earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news headlines about the bank an impact score of 44.6818550410761 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Pacific Mercantile Bancorp stock opened at $9.85 on Thursday. Pacific Mercantile Bancorp has a one year low of $6.85 and a one year high of $9.85. The firm has a market cap of $221.41, a P/E ratio of 21.11 and a beta of 0.23. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.52.

Pacific Mercantile Bancorp (NASDAQ:PMBC) last announced its earnings results on Thursday, February 1st. The bank reported $0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.04). Pacific Mercantile Bancorp had a net margin of 18.68% and a return on equity of 9.68%. The business had revenue of $12.28 million for the quarter.

A number of equities analysts recently issued reports on the stock. Hovde Group set a $10.00 price target on shares of Pacific Mercantile Bancorp and gave the stock a “buy” rating in a research note on Tuesday, January 30th. TheStreet raised shares of Pacific Mercantile Bancorp from a “c+” rating to a “b” rating in a research note on Friday, March 9th. Finally, Keefe, Bruyette & Woods reissued 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 Pacific Mercantile Bancorp news, Director John Md Thomas sold 8,595 shares of the firm’s stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $8.50, for a total transaction of $73,057.50. Following the completion of the transaction, the director now 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, insider Thomas Vertin bought 7,400 shares of the firm’s stock in a transaction on Monday, March 5th. The shares were acquired at an average cost of $8.59 per share, with a total value of $63,566.00. Following the purchase, the insider now directly owns 57,425 shares of the company’s stock, valued at approximately $493,280.75. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 14,552 shares of company stock valued at $125,450 and have sold 18,972 shares valued at $164,243. 3.60% of the stock is currently owned by company insiders.

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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.

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

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