Pacific Mercantile Bancorp (PMBC): Nancy A Gray , CAO of Pacific Mercantile Bancorp sold 2,500 shares on May 11, 2016. The Insider selling transaction was reported by the company on May 11, 2016 to the Securities and Exchange Commission. The shares were sold at $7.53 per share for a total value of $18,825.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 3, 2016, Robert J Stevens (EVP & CCO) sold 8,446 shares at $7.46 per share price.On Apr 5, 2016, Nancy A Gray (CAO) sold 4,000 shares at $6.97 per share price.Also, On Mar 10, 2016, Thomas Vertin (President and CEO) sold 714 shares at $6.96 per share price.On Mar 10, 2016, Robert E Sjogren (Chief Operating Officer) sold 449 shares at $6.96 per share price.
Pacific Mercantile Bancorp: On Tuesday, May 10, 2016 heightened volatility was witnessed in Pacific Mercantile Bancorp which led to swings in the share price. The shares opened for trading at $7.54 and hit $7.55 on the upside , eventually ending the session at $7.55, with a gain of 0.53% or 0.04 points. The heightened volatility saw the trading volume jump to 21,121 shares. The 52-week high of the share price is $7.94 and the company has a market cap of $173 M . The 52-week low of the share price is at $6.16.
Pacific Mercantile Bancorp is the holding company for Pacific Mercantile Bank (the Bank). The Company’s business operations are conducted by the Bank. The Bank conducts a commercial banking business in Orange Los Angeles San Bernardino and San Diego counties in Southern California. The Bank provides small and medium-size businesses professional firms and individuals with a range of products and services such as deposit accounts commercial and consumer loans cash management services and online banking services. The Bank offers its customers a number of different loan products including commercial loans and credit lines accounts receivable and inventory financing SBA guaranteed business loans and owner-occupied commercial real estate loans. The Bank’s sources of funds include deposits and borrowings and contractual obligations.