Pacific Mercantile Bancorp (NASDAQ:PMBC) EVP Kittridge Chamberlain Sells 2,301 Shares

Pacific Mercantile Bancorp (NASDAQ:PMBC) EVP Kittridge Chamberlain sold 2,301 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $9.62, for a total transaction of $22,135.62. Following the completion of the sale, the executive vice president now directly owns 14,968 shares of the company’s stock, valued at $143,992.16. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Kittridge Chamberlain also recently made the following trade(s):

  • On Wednesday, December 13th, Kittridge Chamberlain sold 3,403 shares of Pacific Mercantile Bancorp stock. The stock was sold at an average price of $8.83, for a total transaction of $30,048.49.
  • 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 stock was sold at an average price of $9.48, for a total transaction of $67,526.04.
  • On Tuesday, December 5th, Kittridge Chamberlain sold 6,774 shares of Pacific Mercantile Bancorp stock. The stock was sold at an average price of $9.72, for a total transaction of $65,843.28.

Shares of Pacific Mercantile Bancorp (NASDAQ PMBC) traded up $0.20 on Friday, hitting $8.95. 43,909 shares of the stock traded hands, compared to its average volume of 25,347. Pacific Mercantile Bancorp has a 52-week low of $6.70 and a 52-week high of $9.85. The stock has a market cap of $209.87, a PE ratio of 25.14 and a beta of 0.12. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.08 and a quick ratio of 1.08.

Pacific Mercantile Bancorp (NASDAQ:PMBC) last announced its quarterly earnings results on Monday, October 23rd. The bank reported $0.16 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $12.97 million during the quarter.

A number of large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its stake in Pacific Mercantile Bancorp by 5.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 472,100 shares of the bank’s stock valued at $4,320,000 after purchasing an additional 23,578 shares in the last quarter. State Street Corp increased its stake in Pacific Mercantile Bancorp by 5.5% during the 2nd quarter. State Street Corp now owns 217,795 shares of the bank’s stock valued at $1,915,000 after purchasing an additional 11,415 shares in the last quarter. Northern Trust Corp increased its stake in Pacific Mercantile Bancorp by 3.5% during the 2nd quarter. Northern Trust Corp now owns 157,131 shares of the bank’s stock valued at $1,382,000 after purchasing an additional 5,336 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Pacific Mercantile Bancorp by 67.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 97,500 shares of the bank’s stock valued at $902,000 after purchasing an additional 39,229 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Pacific Mercantile Bancorp by 0.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 64,059 shares of the bank’s stock valued at $564,000 after purchasing an additional 370 shares in the last quarter. 48.93% of the stock is owned by institutional investors.

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Pacific Mercantile Bancorp Company Profile

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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