Positive Media Coverage Somewhat Unlikely to Affect Pacific Mercantile Bancorp (PMBC) Share Price

Media headlines about Pacific Mercantile Bancorp (NASDAQ:PMBC) have trended positive on Monday, Accern Sentiment Analysis reports. Accern scores the sentiment of media coverage by monitoring more than 20 million blog and news 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 coverage optimism score of 0.25 on Accern’s scale. Accern also gave headlines about the bank an impact score of 44.8551698411505 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Shares of Pacific Mercantile Bancorp (PMBC) traded up $0.05 during trading hours on Monday, hitting $9.65. 11,400 shares of the company’s stock were exchanged, compared to its average volume of 25,445. Pacific Mercantile Bancorp has a 1-year low of $6.00 and a 1-year high of $9.70. The stock has a market cap of $223.78, a PE ratio of 26.81 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 (NASDAQ:PMBC) last issued its quarterly earnings data on Monday, October 23rd. The bank reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. Pacific Mercantile Bancorp had a net margin of 16.05% and a return on equity of 7.97%. The business had revenue of $12.97 million during the quarter.

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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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