Pacific Mercantile Bancorp (NASDAQ:PMBC) issued its quarterly earnings results on Sunday. The bank reported $0.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 PMBC traded up $0.07 during mid-day trading on Tuesday, reaching $5.95. The company’s stock had a trading volume of 282 shares, compared to its average volume of 26,088. Pacific Mercantile Bancorp has a 12-month low of $2.95 and a 12-month high of $7.28. The stock has a market cap of $131.95 million, a PE ratio of 28.00 and a beta of 0.90. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.10 and a quick ratio of 1.10. The company’s 50 day moving average is $5.30 and its 200 day moving average is $4.24.
About Pacific Mercantile Bancorp
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.
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