PMBC Pacific Mercantile Bancorp featured news, full reports, and detailed charts
Pacific Mercantile Bancorp (PMBC) Wrap Up:
Pacific Mercantile Bancorp is a California corporation that owns all of the stock of Pacific Mercantile Bank, a California state chartered commercial bank (which, for convenience, will sometimes be referred to in this report as the “Bank”). The capital stock of the Bank is our principal asset and substantially all of our business operations are conducted by the Bank which, as a result, accounts for substantially all of our revenues and income. As the owner of a commercial bank, Pacific Mercantile Bancorp is registered as a bank holding company under the Bank Holding Company Act of 1956, as amended (the “Bank Holding Company Act”) and, as such, our operations are regulated by the Board of Governors of the Federal Reserve System (the “Federal Reserve Board”). See “Supervision and Regulation” below in this Report. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f14%2f0001193125-08-056374.html#FIS_BUSINESS"Pacific Mercantile Bancorp (PMBC:NASDAQ)
Snapshot of Pacific Mercantile Bancorp (PMBC)
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OPEN
$3.00
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PREVIOUS CLOSE
$3.06
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DAY HIGH
$3.15
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DAY LOW
$2.91
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52 WEEK HIGH
01/7/09 - $5.39
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52 WEEK LOW
11/13/09 - $2.75
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MARKET CAP
31.8M
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AVERAGE VOLUME 3 mo
20.7K
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DILUTED EPS TTM
$-2.02
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SHARES OUTSTANDING
10.4M
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PMBC Does Not Pay Dividends
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P/E TTM
NM
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| K = Thousands M = Millions B = Billions | ||
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Key developments for Pacific Mercantile Bancorp (PMBC)
Pacific Mercantile Bancorp reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company reported net loss of $4.5 million, or $0.44 per diluted share compared to net loss of $830,000, or $0.08 per diluted share, in the second quarter, the losses incurred in the quarter were primarily attributable to decreases of $2.1 million in net interest income and increases of $3.9 million in the provisions for loan losses. Total interest income was $12.4 million compared to $15.1 million for the same quarter a year ago. Net interest income was $4.4 million compared to $6.5 million for the same quarter a year ago. Loss before income taxes was $9.4 million compared to $1.5 million for the same quarter a year ago. Negative return on assets was 1.49% and negative return on equity of 21.06% compared to negative return on assets of 0.30% and negative return on equity of 3.47% for the same quarter a year ago. For the six months, the company reported net loss of $6.7 million, or $0.64 per diluted share compared to net income of $170,000, or $0.02 per diluted share, for the six months ended June 30, 2008, the losses incurred were primarily attributable to decreases in net interest income of $3.6 million for the six months of 2009 and increases of $6.2 million in the provisions for loan losses. Total interest income was $25.9 million compared to $31 million for the same period a year ago. Net interest income was $9.8 million compared to $13.4 million for the same period a year ago. Loss before income taxes was $11.6 million compared to income before income taxes of $78,000 for the same period a year ago. Negative return on assets was 1.13% and negative return on equity of 16.68% compared to return on assets of 0.03% and negative return on equity of 0.35% for the same period a year ago.
Pacific Mercantile Bancorp - Conference Presentation Calls
On June 17, 2009, Pacific Mercantile Bancorp dismissed Grant Thornton LLP and engaged Squar, Milner, Peterson, Miranda & Williamson, LLP, as the company's independent registered public accounting firm. The dismissal was approved by the Audit Committee of the company's board of directors.
PMBC Competitors
| Company | Last | Change |
| American River Bankshares | $6.90 USD | -0.05 |
| Heritage Commerce Corp | $3.90 USD | -0.47 |
| Heritage Oaks Bancorp | $4.83 USD | +0.29 |
| Sonoma Valley Bancorp | $7.50 USD | +0.50 |
| Tamalpais Bancorp | $0.60 USD | +0.0112 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | PMBC | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | NM | Not Meaningful |
| Price/Book | 0.4x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 621.2x |
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PMBC |
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PMBC transactions
| Type Date |
Target |
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Private Placement
October 13, 2009 |
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