Pacific Mercantile Bancorp (NASDAQ:PMBC) Shares Purchased by Strs Ohio

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Strs Ohio lifted its position in Pacific Mercantile Bancorp (NASDAQ:PMBC) by 5.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,300 shares of the bank’s stock after acquiring an additional 1,300 shares during the period. Strs Ohio owned 0.11% of Pacific Mercantile Bancorp worth $208,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the company. BNP Paribas Arbitrage SA boosted its stake in shares of Pacific Mercantile Bancorp by 549.7% in the first quarter. BNP Paribas Arbitrage SA now owns 3,294 shares of the bank’s stock worth $25,000 after acquiring an additional 2,787 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Pacific Mercantile Bancorp by 14.9% in the fourth quarter. Bank of America Corp DE now owns 35,355 shares of the bank’s stock worth $253,000 after acquiring an additional 4,576 shares during the last quarter. Martingale Asset Management L P boosted its stake in shares of Pacific Mercantile Bancorp by 19.6% in the first quarter. Martingale Asset Management L P now owns 38,532 shares of the bank’s stock worth $294,000 after acquiring an additional 6,304 shares during the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in shares of Pacific Mercantile Bancorp in the first quarter worth approximately $50,000. Finally, Acadian Asset Management LLC boosted its stake in shares of Pacific Mercantile Bancorp by 8.3% in the first quarter. Acadian Asset Management LLC now owns 87,670 shares of the bank’s stock worth $667,000 after acquiring an additional 6,684 shares during the last quarter. 69.13% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ PMBC opened at $7.52 on Friday. The stock’s fifty day moving average is $7.93 and its two-hundred day moving average is $8.01. The firm has a market capitalization of $166.71 million, a P/E ratio of 14.54 and a beta of 0.58. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.12 and a current ratio of 1.12. Pacific Mercantile Bancorp has a fifty-two week low of $6.80 and a fifty-two week high of $10.45.

Pacific Mercantile Bancorp (NASDAQ:PMBC) last released its quarterly earnings data on Monday, July 22nd. The bank reported $0.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.02). The company had revenue of $13.61 million for the quarter. Pacific Mercantile Bancorp had a return on equity of 8.78% and a net margin of 17.07%.

Pacific Mercantile Bancorp Profile

Pacific Mercantile Bancorp operates as the holding company for Pacific Mercantile Bank that provides a range of commercial banking products and services to small and medium-size businesses, professional firms, and individuals in Southern California, the United States. 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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Institutional Ownership by Quarter for Pacific Mercantile Bancorp (NASDAQ:PMBC)

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