Pacific Mercantile Bancorp (PMBC) Soars 1.6%

Pacific Mercantile Bancorp (PMBC) Soars 1.6%

Pacific Mercantile Bancorp is a Pacific Mercantile Bancorp, through its subsidiary, is engaged in the commercial banking business in Southern California.

Pacific Mercantile Bancorp (PMBC) had a good day on the market for Wednesday February 10 as shares jumped 1.6% to close at $6.36. About 42,808 shares traded hands on 290 trades for the day, compared with an average daily volume of n/a shares out of a total float of 23.66 million. After opening the trading day at $6.27, shares of Pacific Mercantile Bancorp stayed within a range of $6.43 to $6.24.

With today’s gains, Pacific Mercantile Bancorp now has a market cap of $150.47 million. Shares of Pacific Mercantile Bancorp have been trading within a range of $7.29 and $2.96 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.

Pacific Mercantile Bancorp, through its subsidiary, is engaged in the commercial banking business in Southern California. The business activity of the bank is functioned through one segment which is Commercial Banking. The commercial banking segment provides small and medium-sized 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.

Pacific Mercantile Bancorp is based out of Costa Mesa, CA and has some 160 employees. Its CEO is Bradford R. Dinsmore.

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