Pacific Mercantile Bancorp (NASDAQ:PMBC)stock identified change of 23.05% away from 52-week low price and recently located move of -56.63% off 52-week high price. It has market worth of $79.50MM. PMBC stock has been recorded -1.42% away from 50 day moving average and -25.90% away from 200 day moving average. Moving closer, we can see that shares have been trading -1.56% off 20-day moving average.
On Sept. 21, 2020, Pacific Mercantile Bancorp (NASDAQ:PMBC) the holding company of Pacific Mercantile Bank (the Bank), a wholly owned banking subsidiary, declared the appointment of Anne McCallion to the board of directors of both Pacific Mercantile Bancorp and Pacific Mercantile Bank.
Ms. McCallion has nearly 30 years of experience in the financial services industry, with a focus in the areas of finance and operations. Ms. McCallion has served on the board of PennyMac Financial Services (NYSE: PFSI, PennyMac) since 2018. She served as PennyMac’s Chief Enterprise Operations Officer from 2017 to 2019 and prior to that served as its Chief Financial Officer from 2009 to 2016, holding similar positions at PennyMac Mortgage Investment Trust, (NYSE:PMT). Prior to joining PennyMac, Ms. McCallion served for over 17 years at Bank of America/Countrywide Financial (BofA) where she held various finance and operations positions.
We are very pleased to add Anne to our Board of Directors, said Denis Kalscheur, Chairman of the Board of the Company and the Bank. Anne’s career as a public company executive and board member includes a strong financial and operational background within the financial services industry. We believe her expertise and perspective will be beneficial to our Bank’s continuing efforts to create long-term shareholder value.
The stock observed return of 0.28% in 5 days trading activity. The stock was at -3.20% over one month performance. PMBC’s shares are at 2.83% for the quarter and driving a -54.74% return over the course of the past year and is now at -55.30% since this point in 2018. The average volatility for the week at 4.50% and for month was at 4.08%. There are 23.50M shares outstanding and 19.35M shares are floated in market. Right now the stock beta is 0.63.