As Pacific Mercantile Bancorp (PMBC) Market Valuation Rose, Holder Endeavour Capital Advisors Has Cut Position; Investec Asset Management North America Stake in Grupo Aeroportuario Del Surest (ASR) Has Raised as Valuation Rose

December 31, 2017 - By Louis Casey

Endeavour Capital Advisors Inc decreased its stake in Pacific Mercantile Bancorp (PMBC) by 4.7% based on its latest 2017Q3 regulatory filing with the SEC. Endeavour Capital Advisors Inc sold 93,004 shares as the company’s stock rose 2.60% with the market. The hedge fund held 1.88M shares of the major banks company at the end of 2017Q3, valued at $17.24M, down from 1.98M at the end of the previous reported quarter. Endeavour Capital Advisors Inc who had been investing in Pacific Mercantile Bancorp for a number of months, seems to be less bullish one the $202.91M market cap company. The stock decreased 0.57% or $0.05 during the last trading session, reaching $8.75. About 26,483 shares traded or 38.63% up from the average. Pacific Mercantile Bancorp (NASDAQ:PMBC) has risen 6.90% since December 31, 2016 and is uptrending. It has underperformed by 9.80% the S&P500.

Investec Asset Management North America Inc increased its stake in Grupo Aeroportuario Del Surest (ASR) by 4.46% based on its latest 2017Q3 regulatory filing with the SEC. Investec Asset Management North America Inc bought 2,430 shares as the company’s stock rose 22.71% with the market. The institutional investor held 56,864 shares of the transportation company at the end of 2017Q3, valued at $10.85M, up from 54,434 at the end of the previous reported quarter. Investec Asset Management North America Inc who had been investing in Grupo Aeroportuario Del Surest for a number of months, seems to be bullish on the $5.75B market cap company. The stock increased 0.55% or $1 during the last trading session, reaching $182.51. About 39,879 shares traded. Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) has risen 25.40% since December 31, 2016 and is uptrending. It has outperformed by 8.70% the S&P500.

Investors sentiment decreased to 0.94 in Q3 2017. Its down 0.59, from 1.53 in 2017Q2. It worsened, as 4 investors sold PMBC shares while 14 reduced holdings. 3 funds opened positions while 14 raised stakes. 11.16 million shares or 0.69% less from 11.24 million shares in 2017Q2 were reported. Royal Bankshares Of Canada holds 0% or 9,651 shares in its portfolio. Moreover, Morgan Stanley has 0% invested in Pacific Mercantile Bancorp (NASDAQ:PMBC). Moreover, Fj Cap Mngmt Llc has 0.03% invested in Pacific Mercantile Bancorp (NASDAQ:PMBC) for 25,000 shares. Emerald Mutual Fund Advisers Tru invested in 599,284 shares. Amer Gp Inc invested in 10,372 shares. First Manhattan Company holds 0.08% or 1.44 million shares. Ny State Common Retirement Fund reported 0% stake. Vanguard Grp Incorporated stated it has 985,573 shares or 0% of all its holdings. 1,085 are owned by Bnp Paribas Arbitrage. Barclays Public Ltd Company has 357 shares for 0% of their portfolio. Northern Corporation invested 0% of its portfolio in Pacific Mercantile Bancorp (NASDAQ:PMBC). 83,319 were accumulated by Bridgeway Cap Mngmt. State Street holds 0% or 216,395 shares. Citigroup has 3 shares. 15,858 were reported by Rhumbline Advisers.

Endeavour Capital Advisors Inc, which manages about $972.14M and $264.86M US Long portfolio, upped its stake in Allegiance Bancshares Inc by 157,904 shares to 313,376 shares, valued at $11.53M in 2017Q3, according to the filing. It also increased its holding in First Midwest Bancorp Del (NASDAQ:FMBI) by 379,475 shares in the quarter, for a total of 1.10M shares, and has risen its stake in Veritex Hldgs Inc.

Since December 11, 2017, it had 0 insider buys, and 1 sale for $83,044 activity.

Among 2 analysts covering Pacific Mercantile Bancorp (NASDAQ:PMBC), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Pacific Mercantile Bancorp had 4 analyst reports since May 26, 2017 according to SRatingsIntel. The stock of Pacific Mercantile Bancorp (NASDAQ:PMBC) earned “Buy” rating by Keefe Bruyette & Woods on Thursday, December 21. The firm has “Buy” rating by Keefe Bruyette & Woods given on Thursday, August 3. The firm has “Hold” rating given on Friday, May 26 by Keefe Bruyette & Woods. The rating was upgraded by Wood on Thursday, August 3 to “Outperform”.