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Pacific Mercantile Bancorp (PMBC) Files 10-K for the Fiscal Year Ended on December 31, 2018

- By insider

Pacific Mercantile Bancorp (PMBC) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. Pacific Mercantile Bancorp, through its subsidiary, is engaged in the commercial banking business in Southern California. It offers various banking services including accepting deposits, providing loans, and other services. Pacific Mercantile Bancorp has a market cap of $172.470 million; its shares were traded at around $7.87 with a P/E ratio of 6.73 and P/S ratio of 3.57.


For the last quarter Pacific Mercantile Bancorp reported a revenue of $13.9 million, compared with the revenue of $12.28 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $53.6 million, an increase of 11.3% from last year. For the last five years Pacific Mercantile Bancorp had an average revenue growth rate of 10.6% a year.

The reported diluted earnings per share was $1.16 for the year. The profitability rank of the company is 3 (out of 10).

At the end of the fiscal year, Pacific Mercantile Bancorp has the cash and cash equivalents of $190.1 million, compared with $201.1 million in the previous year. The long term debt was $57.5 million, compared with $58.4 million in the previous year. Pacific Mercantile Bancorp has a financial strength rank of 4 (out of 10).

At the current stock price of $7.87, Pacific Mercantile Bancorp is traded at close to its historical median P/S valuation band of $7.89. The P/S ratio of the stock is 3.57, while the historical median P/S ratio is 3.58. The stock lost 14.62% during the past 12 months.

Directors and Officers Recent Trades:

  • EVP, Corporate Finance Tom Wagner sold 133 shares of PMBC stock on 02/28/2019 at the average price of $8.26. The price of the stock has decreased by 4.72% since.
  • EVP, Head of Cash Management Cindy Verity sold 1,040 shares of PMBC stock on 02/22/2019 at the average price of $8.69. The price of the stock has decreased by 9.44% since.
  • EVP & Chief Banking Officer Robert S. Anderson sold 557 shares of PMBC stock on 02/22/2019 at the average price of $8.68. The price of the stock has decreased by 9.33% since.
  • Executive Vice President Robert S. Anderson sold 993 shares of PMBC stock on 02/20/2019 at the average price of $8.74. The price of the stock has decreased by 9.95% since.
  • EVP, Corporate Finance Tom Wagner sold 1,163 shares of PMBC stock on 02/20/2019 at the average price of $8.74. The price of the stock has decreased by 9.95% since.

For the complete 20-year historical financial data of PMBC, click here.

This article first appeared on GuruFocus.