The EVP & COO of Pacific Mercantile Bancorp (NASDAQ: PMBC) is Selling Shares

By George MacDonald

Today, the EVP & COO of Pacific Mercantile Bancorp (NASDAQ: PMBC), Robert J. Stevens, sold shares of PMBC for $62k.

In addition to Robert J. Stevens, 4 other PMBC executives reported Sell trades in the last month.

PMBC’s market cap is $170M and the company has a P/E ratio of 15.02%. The company has a one year high of $7.94 and a one year low of $6.16. Currently, Pacific Mercantile Bancorp has an average volume of 38.88k.

In the last 30 days, insiders have sold $192.1k worth of PMBC shares and purchased $26.33k worth of PMBC shares. Over the last 3 months, the insider sentiment on Pacific Mercantile Bancorp has been negative based on 47 corporate insider transactions. This sentiment is lower than the average sector sentiment of insiders.

Pacific Mercantile Bancorp is a holding company of Pacific Mercantile Bank, a California state-chartered bank. The company operates through one segment: Commercial Banking. The commercial banking segment provides small and medium-size businesses, professional firms and individuals with a diversified range of products and services such as various types of deposit accounts, various types of commercial and consumer loans, cash management services, and online banking services. The Company was founded in January 2000 and is headquartered in Costa Mesa, CA.