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Weekly CFO Buys Highlight

- By Myra Ramdenbourg

Accoding to GuruFocus Insider Data, the recent CFO buys were: Pacific Mercantile Bancorp (PMBC), Bank of Commerce Holdings Inc. (BOCH) and Capstead Mortgage Corp (CMO).

Pacific Mercantile Bancorp: Executive Vice President and Chief Financial Officer Curt Alan Christianssen bought 61,000 shares

Executive Vice President and Chief Financial Officer Curt Alan Christianssen bought 30,500 shares for $8.22 per share on Oct. 24. Since then, the stock price has decreased by 3.41%. Pacific Mercantile Bancorp has a market cap of $174.030 million and its shares were traded around $7.94. The company has a price-earnings ratio of 7.40 and price-sales ratio of 3.58.


Pacific Mercantile Bancorp announced its second-quarter results with revenue and gross profit of $13.58 million, while the net income was $15.37 million. The 2017 total revenue and gross profit was $48.12 million, a 159% increase from 2016. The 2017 net income was $10.45 million.

Executive Vice President and Chief Credit Officer Thomas J. Inserra bought 3,450 shares for $8.17 per share on Oct. 29. Since then, the stock price has decreased by 2.82%. Executive Vice President, Head of Cash Management Cindy Verity bought 1,200 shares for $8.27 per share on Oct. 26. Since then, the stock price has decreased by 3.99%. Director John Thomas sold 5,000 shares for $8.28 per share on Oct. 26. Since then, the stock price has decreased by 4.11%.

Bank of Commerce Holdings Inc.: Executive Vice President and Chief Financial Officer James A. Sundquist bought 10,000 shares

Executive Vice President and Chief Financial Officer James A. Sundquist bought 10,000 shares for $11.49 per share on Oct. 24. Since then, the stock price has increased by 2.44%. Bank of Commerce Holdings Inc. has a market cap of $192.200 million and its shares were traded around $11.77. The company has a price-earnings ratio of 19.93 and P/S ratio of 3.98. The trailing 12-month dividend yield of Bank pf Commerce Holdings Inc. stocks is 1.19%, while the forward dividend yield is 1.36%.

Bank of Commerce Holdings announced its third-quarter results with revenue and gross profit of $13.07 million, while the net income was $4.03 million. The 2017 total revenue and gross profit was $44.73 million, an 11% increase from 2016. The 2017 net income was $7.34 million.

Director Lyle L. Tullis bought 20,000 shares for $11.54 per share on Oct. 24. Since then, the stock price has increased by 1.99%. Director Karl L. Silberstein bought 3,000 shares for $11.43 per share on Oct. 24. Since then, the stock price has increased by 2.97%. Director Joseph Gibson bought 2,500 shares for $11.5 per share on Oct. 23. Since then, the stock price has increased by 2.35%.

Capstead Mortgage Corp: CFO Lance Phillips bought 10,000 shares

CFO Lance Phillips bought 10,000 shares for $6.81 per share on Oct. 29. Since then, the stock price has increased by 7.78%. Capstead Mortgage Corp. has a market cap of $667.410 million and its shares were traded around $7.34. The company has a price-earnings ratio of 12.89 and price-sales ratio of 9.48. The trailing 12-month dividend yield of Capstead Mortgage Corp. stocks is 8.18%, while the forward dividend yield is 6%.

Capstead Mortgage Corp. announced its second-quarter results with revenue and gross profit of $15.45 million, while the net income was $12.99 million. The 2017 total revenue and gross profit was $87.25 million, a 12% decrease from 2016. The 2017 net income was $79.59 million.

President and CEO Phillip A. Reinsch bought 20,000 shares for $6.79 per share on Oct. 31. Since then, the stock price has increased by 8.1%. Senior Vice President Roy Kim bought 10,000 shares for $6.76 per share on Oct. 31. Since then, the stock price has increased by 8.58%. Director Christopher W. Mahowald bought 75,000 shares for $6.76 per share on Oct. 29. Since then, the stock price has increased by 8.58%. Executive Vice President and Chief Information Officer Robert R. Spears Jr. bought 20,000 shares for $6.75 per share on Oct. 29. Since then, the stock price has increased by 8.74%.

Disclosure: none.

This article first appeared on GuruFocus.