Pacific Mercantile Bancorp (PMBC) news stock charts
Pacific Mercantile Bancorp (PMBC) Investment Summary:
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
$2.85
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PREVIOUS CLOSE
$2.99
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DAY HIGH
$2.93
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DAY LOW
$2.81
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52 WEEK HIGH
05/21/09 - $4.51
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52 WEEK LOW
01/19/10 - $2.72
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MARKET CAP
30.6M
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AVERAGE VOLUME 10 D
6.8K
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EPS TTM
--
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SHARES OUTSTANDING
10.4M
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EX-DATE
02/27/08
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P/E TTM
--
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DIVIDEND
--
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DIVIDEND YIELD
0.00%
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| K = Thousands M = Millions B = Billions | ||
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Key developments for PACIFIC MERCANTILE BANCORP (PMBC)
Pacific Mercantile Bancorp announced that the Board of Directors of the company had elected George L. Argyros to serve as a member of its Board of Directors. The Federal Reserve Bank and its Board of Governors has completed its review of the Pacific Mercantile Bancorp notice to appoint Mr. Argyros to the Bancorp Board and has no objection to the proposal, and the California Department of Financial Institutions is in full agreement with the Federal Reserve Bank. The Honorable George L. Argyros served as the United States Ambassador to the Kingdom of Spain and Principality of Andorra from November 2001 to November 2004. Ambassador Argyros is currently Chairman and Chief Executive Officer of Arnel & Affiliates. He is also a General Partner in Westar Capital. Mr. Argyros is a member of the Board of Directors for First American Corporation; DST Systems Inc. and Petmate. Mr. Argyros is Chairman of the Board of Directors for The Beckman Foundation, former Chairman of the Richard Nixon Library & Birthplace Foundation, Founding Chairman for the Nixon Center in Washington D.C., International Councilor and Trustee of the Center for Strategic and International Studies in Washington D.C, Board member of the U.S. Chamber of Commerce, member of Library of Congress Open World Leadership Board, member of the Hoover Institution's Board of Overseers, and former Chairman and Board member of the Orange County Council, Boy Scouts of America.
Pacific Mercantile Bancorp announced that, based on a finding in a recent regulatory examination of Pacific Mercantile Bank, the Company has determined that it will restate its unaudited consolidated financial statements as of and for the quarter and nine months ended September 30, 2009 that were contained in its Quarterly Report on Form 10-Q for its third quarter ended September 30, 2009. The restatement involves an increase of approximately $3.3 million in the Banks allowance for loan losses as of September 30, 2009, resulting from company decision, made on the basis of that regulatory examination, to give greater weight to qualitative factors in the determination of the amount of the allowance for loan losses.
Pacific Mercantile Bancorp Presents at 2010 West Coast Financial Services Conference, Mar-02-2010. Venue: The Ritz-Carlton, Marina del Rey, Los Angeles, California, United States.
Pacific Mercantile Bancorp financial resources
PMBC Competitors
| Company | Last | Change |
| First Northern Community Bancorp | $4.90 USD | 0.00 |
| Heritage Commerce Corp | $4.48 USD | +0.28 |
| Heritage Oaks Bancorp | $3.55 USD | -0.05 |
| North Valley Bancorp | $1.91 USD | +0.02 |
| Sonoma Valley Bancorp | $2.95 USD | +0.25 |
| Market data is delayed at least 15 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 | 1,087.2x |
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PMBC |
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PMBC transactions
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Target |
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Private Placement
October 13, 2009 |
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More Recent Financial News About Pacific Mercantile Bancorp
Pacific Mercantile Bancorp Announces the Election of George L. Argyros to Its Board of Directors
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Pacific Mercantile Bancorp Announces the Election of George L. Argyros to Its Board of Directors
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PACIFIC MERCANTILE BANCORP Files SEC form 10-Q/A, Quarterly Report
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PACIFIC MERCANTILE BANCORP Files SEC form 8-K, Regulation FD Disclosure
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Pacific Mercantile Bancorp to Restate Financial Results for the Quarter and Nine Months ended September 30, 2009
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Pacific Mercantile Bancorp to Restate Financial Results for the Quarter and Nine Months ended September 30, 2009
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PACIFIC MERCANTILE BANCORP Files SEC form 8-K, Non-Reliance on Previous Financials, Audits or Interim Review, Regulat
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Pacific Mercantile Bancorp Reports Third Quarter 2009 Operating Results
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Pacific Mercantile Bancorp to Announce and to Hold Conference Call to Discuss Third Quarter 2009 Financial Results on November 16, 2009
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Pacific Mercantile Bancorp Announces the Nomination of George L. Argyros to Its Board of Directors
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Pacific Mercantile Bancorp Announces the Nomination of Andrew M. Phillips to the Board of Directors
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Pacific Mercantile Bancorp Announces the Nomination of George L. Argyros to Its Board of Directors
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PACIFIC MERCANTILE BANCORP Files SEC form 8-K, Unregistered Sale of Equity Securities, Regulation FD Disclosure, Fina
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Pacific Mercantile Bancorp Announces the Nomination of Andrew M. Phillips to the Board of Directors
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PACIFIC MERCANTILE BANCORP Files SEC form 8-K, Unregistered Sale of Equity Securities
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PACIFIC MERCANTILE BANCORP Files SEC form 8-K, Unregistered Sale of Equity Securities, Material Modification to Right
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Pacific Mercantile Bancorp Commences Private Offering of Convertible Preferred Stock
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PACIFIC MERCANTILE BANCORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Material Modification to R
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PACIFIC MERCANTILE BANCORP Files SEC form 10-Q, Quarterly Report
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Pacific Mercantile Bancorp Reports Third Quarter 2009 Operating Results
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