A Director at Pacific Mercantile Bancorp is Exercising Options

Today it was reported that a Director at Pacific Mercantile Bancorp (PMBCResearch Report), John M. Thomas, exercised options to sell 21,641 PMBC shares at $5.30 a share, for a total transaction value of $170.5K.

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Based on Pacific Mercantile Bancorp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $17.68 million and quarterly net profit of $822K. In comparison, last year the company earned revenue of $16.07 million and had a net profit of $3.71 million. PMBC’s market cap is $171.7M and the company has a P/E ratio of 7.57. Currently, Pacific Mercantile Bancorp has an average volume of 30.24K.

The insider sentiment on Pacific Mercantile Bancorp has been negative according to 39 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 through Commercial Banking segment.