Atico Mining Co. (OTCMKTS:ATCMF) was the target of a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 200 shares, a decrease of 94.6% from the August 15th total of 3,700 shares. Based on an average daily volume of 50,500 shares, the days-to-cover ratio is presently 0.0 days.
OTCMKTS:ATCMF opened at $0.41 on Wednesday. The company has a 50 day simple moving average of $0.42 and a two-hundred day simple moving average of $0.48. Atico Mining has a fifty-two week low of $0.29 and a fifty-two week high of $0.65.
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Atico Mining Company Profile
Atico Mining Corp. engages in the exploration, extraction, processing, and acquisition of mineral properties. It operates through the following geographical segments: Canada, Colombia, and Ecuador and Other. Its projects include El Roble mines located in Choco, Colombia; and La Plata located in Outokumpu, Finland.
Top 10 Stocks To Own For 2023: Pacific Mercantile Bancorp(PMBC)
Pacific Mercantile Bancorp, incorporated on January 7, 2000, is the holding company for Pacific Mercantile Bank (the Bank). The Company’s business operations are conducted by the Bank. It operates through commercial banking segment. 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.
Lending Activities
The Bank offers its customers various loan products, including commercial loans and credit lines, accounts receivable and inventory financing, Small Business Administration (SBA) guaranteed business loans, and owner-occupied commercial real estate loans. The Bank’s commercial real estate loans are secured by first trust deeds on nonresidential real property. The commercial loans the Bank offer generally include short-term secured and unsecured business and commercial loans with maturities ranging from 12 to 24 months, accounts receivable financing for terms of approximately 30 months, equipment loans which generally amortize over a period of over seven years, and SBA guaranteed business loans with terms of over 10 years.
The Bank offers a range of banking and financial services to support the needs of business banking clients. These services include online business banking portal, which allows clients to conduct online transactions and access account information; collection services, such as remote deposit capture services (PMB xPress Deposit), remittance payments (Lockbox), and incoming Automated Clearing House (ACH) and wire reporting and notification; payable services, such as checks, wire transfer and ACH origination, business bill pay service, and business credit cards and provision of courier and onsite vault services for those clients with cash needs, and fraud prevention services, such as Positive Pay, ACH Positive Pay and transactional alerts. The Bank has total net loans of approximately $849,733,000.
Investment Activities
The Bank’s investments primarily include securities available for sale, which consist of residential mortgage backed securities issued by the United States agencies; residential collateralized mortgage obligations issued by non agencies; asset backed security, and mutual funds. The Bank’s securities available for sale have a fair value of approximately $52,249,000.
Sources of Funds
The Bank’s sources of funds include deposits, and borrowings and contractual obligations. The Bank’s deposits consist of noninterest bearing demand deposits, interest-bearing checking accounts, money market and savings deposits, and time deposits. Its total deposits amount to approximately $893,840,000.
The Bank competes with Bank of America, Wells Fargo Bank, JPMorgan Chase, Union Bank of California, Bank of the West, U. S. Bancorp, Comerica Bank, Citibank, OneWest Bank, City National Bank, Citizens Business Bank, Manufacturers Bank, and California Bank and Trust.
Advisors’ Opinion:
- [By Ethan Ryder]
Pacific Mercantile Bancorp (NASDAQ:PMBC) and Hope Bancorp (NASDAQ:HOPE) are both finance companies, but which is the better stock? We will contrast the two companies based on the strength of their institutional ownership, risk, dividends, valuation, analyst recommendations, profitability and earnings.
- [By Logan Wallace]
Media stories about Pacific Mercantile Bancorp (NASDAQ:PMBC) have been trending somewhat positive on Thursday, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Pacific Mercantile Bancorp earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned news articles about the bank an impact score of 47.2552381134184 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
- [By Joseph Griffin]
Pacific Mercantile Bancorp (NASDAQ:PMBC) was downgraded by analysts at ValuEngine from a buy rating to a hold rating.
Pzena Investment Management (NYSE:PZN) was downgraded by analysts at ValuEngine from a hold rating to a sell rating.
Top 10 Stocks To Own For 2023: Intercept Pharmaceuticals, Inc.(ICPT)
Intercept Pharmaceuticals, Inc., a biopharmaceutical company, focuses on the development and commercialization of therapeutics to treat non-viral, progressive liver diseases. Its lead product candidate is obeticholic acid, a bile acid analog, that completed Phase III clinical trials for the treatment of primary biliary cholangitis and Phase II clinical trials for the treatment of nonalcoholic fatty liver disease; and is in Phase III clinical trials for the treatment of nonalcoholic steatohepatitis, Phase II clinical trials for the treatments of primary sclerosing cholangitis, and Phase II clinical trial for the treatment of biliary atresia. The company is also developing INT-767, an orally administered dual FXR and TGR5 agonist, which is in Phase I clinical trial for the treatment of fibrosis; and INT-777, an orally administered TGR5 agonist that is in preclinical stage for the treatment of type 2 diabetes. Intercept Pharmaceuticals, Inc. was founded in 2002 and is headquartered in New York, New York.
Advisors’ Opinion:
- [By Max Byerly]
City Holding (NASDAQ:CHCO) has earned an average rating of “Buy” from the six brokerages that are presently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $80.00.
- [By Logan Wallace]
Get a free copy of the Zacks research report on City (CHCO)
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- [By Ethan Ryder]
Get a free copy of the Zacks research report on City (CHCO)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Top 10 Stocks To Own For 2023: I.D. Systems, Inc.(IDSY)
I.D. Systems, Inc. develops, markets, and sells wireless machine-to-machine solutions in the United States and internationally. The company offers integrated wireless solutions that utilize radio frequency identification, Wi-Fi, satellite or cellular communications, sensor technologies, and software to control, track, monitor, and analyze industrial vehicles, transportation assets, and rental vehicles. It provides industrial and rental fleet asset management products, including on-asset hardware with mounting and user-interface options that provide an autonomous means of asset control and monitoring; wireless asset managers that link the mobile assets being monitored with the customers computer network or to a remotely hosted server; server software, which manages data communications between the systems database and wireless asset managers or on-asset hardware; and client software. The company also offers transportation asset management products comprising on-asset hardware configurations to address various remote asset types; VeriWise Intelligence Portal, a hosted Website that provides Internet access to client asset information; and a direct data feed through XML or Web services. In addition, it offers hosting, maintenance, and customer support and consulting services. The company markets and sells its solutions directly to commercial and government organizations in automotive manufacturing, retail, shipping, freight transportation, heavy industry, wholesale distribution, aerospace and defense, homeland security, and vehicle rental markets, as well as through original equipment manufacturers and industrial equipment dealers. I.D. Systems, Inc. was founded in 1993 and is headquartered in Woodcliff Lake, New Jersey.
