Notable Reporting: Pacific Mercantile Bancorp Institutional Investor Sentiment Improved in 2016 Q2

November 16, 2016 - By Marguerite Chambers   ·   0 Comments

Notable Reporting: Pacific Mercantile Bancorp Institutional Investor Sentiment  Improved in  2016 Q2

Sentiment for Pacific Mercantile Bancorp (NASDAQ:PMBC)

Pacific Mercantile Bancorp (NASDAQ:PMBC) institutional sentiment decreased to 1.58 in 2016 Q2. Its down -1.20, from 2.78 in 2016Q1. The ratio fall, as 30 investment managers started new or increased positions, while 19 cut down and sold stakes in Pacific Mercantile Bancorp. The investment managers in our partner’s database reported: 10.36 million shares, up from 9.28 million shares in 2016Q1. Also, the number of investment managers holding Pacific Mercantile Bancorp in their top 10 positions was flat from 1 to 1 for the same number . Sold All: 10 Reduced: 9 Increased: 16 New Position: 14.

Pacific Mercantile Bancorp is the holding firm for Pacific Mercantile Bank . The company has a market cap of $143.86 million. The Company’s business are conducted by the Bank. It currently has negative earnings. It operates through commercial banking segment.

The stock decreased 3.79% or $0.25 during the last trading session, hitting $6.35. Pacific Mercantile Bancorp (NASDAQ:PMBC) has declined 14.19% since April 14, 2016 and is downtrending. It has underperformed by 18.88% the S&P500.

According to Zacks Investment Research, “Pacific Mercantile Bancorp is the parent holding company of Pacific Mercantile Bank that provides commercial banking services in Orange, Los Angeles, San Bernardino, and San Diego counties of California. It primarily engages in generating deposits and originating loans. The Bank is an FDIC insured, California state-chartered bank and a member of the Federal Reserve System and provides a wide range of commercial banking services and financial products, which includes mortgage financing, to businesses, business professionals and individual clients through its combination of traditional banking financial centers and comprehensive, sophisticated electronic banking services. Pacific Mercantile Bancorp provides its services to small and moderate size businesses, professional firms, and individuals. The company is headquartered in Costa Mesa, California.”

Clover Partners L.P. holds 4.15% of its portfolio in Pacific Mercantile Bancorp for 1.48 million shares. Pacific Ridge Capital Partners Llc owns 397,329 shares or 1.28% of their US portfolio. Moreover, Endeavour Capital Advisors Inc has 1.09% invested in the company for 2.05 million shares. The Missouri-based Stieven Capital Advisors L.P. has invested 1.08% in the stock. Maltese Capital Management Llc, a New York-based fund reported 500,000 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 2 insider buys, and 3 insider sales for $84,521 net activity.

PMBC Company Profile

Pacific Mercantile Bancorp, incorporated on January 7, 2000, is the holding firm for Pacific Mercantile Bank (the Bank). The Company’s business are conducted by the Bank. It operates through commercial banking segment. The Bank conducts a commercial banking business in Orange, Los Angeles, San Bernardino and San Diego counties in Southern California. The Bank provides small and medium-size businesses, professional firms and individuals with a range of services and products, such as deposit accounts, commercial and consumer loans, cash management services and online banking services.

More recent Pacific Mercantile Bancorp (NASDAQ:PMBC) news were published by: Reuters.com which released: “BRIEF-Pacific Mercantile Bancorp Q3 loss per share $1.33” on October 24, 2016. Also Ocbj.com published the news titled: “Pacific Mercantile Reports Loss” on October 26, 2016. Globenewswire.com‘s news article titled: “Pacific Mercantile Bancorp to Participate in 2016 KBW Community Bank Conference” with publication date: July 29, 2016 was also an interesting one.

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By Marguerite Chambers


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