Today, the EVP & CFO of Pacific Mercantile Bancorp (NASDAQ: PMBC), Curt Alan Christianssen, bought shares of PMBC for $250.7K.
This recent transaction increases Curt Alan Christianssen’s holding in the company by 111.65% to a total of $464.8K. Following Curt Alan Christianssen’s last PMBC Buy transaction on March 09, 2016, the stock climbed by 1.0%.
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Based on Pacific Mercantile Bancorp’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $16.33 million and quarterly net profit of $3.9 million. In comparison, last year the company earned revenue of $14.99 million and had a net profit of $3.76 million. PMBC’s market cap is $173.4M and the company has a P/E ratio of 7.62. Currently, Pacific Mercantile Bancorp has an average volume of 26.69K.
Starting in December 2017, PMBC received 6 Buy ratings in a row.
The insider sentiment on Pacific Mercantile Bancorp has been negative according to 38 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Pacific Mercantile Bancorp is a holding company of Pacific Mercantile Bank, which engages in the provision of banking services. It operates thrpough Commercial Banking segment.
