Pacific Mercantile Bancorp (NASDAQ:PMBC) Posts Earnings Results

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Pacific Mercantile Bancorp (NASDAQ:PMBC) announced its earnings results on Sunday. The bank reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04, MarketWatch Earnings reports. Pacific Mercantile Bancorp had a return on equity of 3.37% and a net margin of 7.40%.

Shares of Pacific Mercantile Bancorp stock traded up $0.07 during mid-day trading on Tuesday, reaching $5.88. 16,016 shares of the stock traded hands, compared to its average volume of 26,088. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.27. The business has a 50-day moving average of $5.30 and a 200 day moving average of $4.24. The stock has a market capitalization of $130.40 million, a PE ratio of 28.00 and a beta of 0.90. Pacific Mercantile Bancorp has a fifty-two week low of $2.95 and a fifty-two week high of $7.28.

Pacific Mercantile Bancorp Company Profile

Pacific Mercantile Bancorp operates as the holding company for Pacific Mercantile Bank that provides a range of commercial banking products and services to middle market businesses, professional firms, and individuals. The company's deposit products include checking accounts, interest-bearing term deposit accounts, savings and money market deposits, and time deposits.

Further Reading: Intrinsic Value

Earnings History for Pacific Mercantile Bancorp (NASDAQ:PMBC)

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