Shares of Bank of Commerce Holdings (CA) (NASDAQ:BOCH) have been assigned a consensus broker rating score of 2.50 (Hold) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has assigned a buy recommendation to the company.
Analysts have set a 1 year consensus price target of $12.75 for the company and are expecting that the company will post $0.19 EPS for the current quarter, according to Zacks. Zacks has also given Bank of Commerce an industry rank of 97 out of 265 based on the ratings given to related companies.
BOCH has been the subject of a number of research analyst reports. Zacks Investment Research downgraded Bank of Commerce from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. ValuEngine downgraded Bank of Commerce from a “buy” rating to a “hold” rating in a research report on Friday, May 11th.
Shares of BOCH opened at $11.50 on Tuesday. The stock has a market cap of $185.15 million, a PE ratio of 17.97, a price-to-earnings-growth ratio of 2.04 and a beta of 0.39. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.44. Bank of Commerce has a 12-month low of $11.40 and a 12-month high of $11.40.
In other Bank of Commerce news, Director Lyle L. Tullis purchased 4,250 shares of the company’s stock in a transaction dated Wednesday, May 2nd. The stock was purchased at an average price of $11.32 per share, for a total transaction of $48,110.00. Following the transaction, the director now owns 255,365 shares in the company, valued at approximately $2,890,731.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 6.41% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Pacific Ridge Capital Partners LLC lifted its position in Bank of Commerce by 3.3% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 333,686 shares of the financial services provider’s stock worth $3,837,000 after buying an additional 10,810 shares during the last quarter. Martingale Asset Management L P bought a new stake in Bank of Commerce in the 4th quarter worth approximately $687,000. Acadian Asset Management LLC lifted its position in Bank of Commerce by 146.0% in the 4th quarter. Acadian Asset Management LLC now owns 24,762 shares of the financial services provider’s stock worth $285,000 after buying an additional 14,696 shares during the last quarter. Municipal Employees Retirement System of Michigan bought a new stake in Bank of Commerce in the 4th quarter worth approximately $865,000. Finally, Bank of New York Mellon Corp lifted its position in Bank of Commerce by 20.7% in the 4th quarter. Bank of New York Mellon Corp now owns 71,366 shares of the financial services provider’s stock worth $822,000 after buying an additional 12,256 shares during the last quarter. Institutional investors own 53.20% of the company’s stock.
Bank of Commerce Company Profile
Bank of Commerce Holdings operates as the bank holding company for Redding Bank of Commerce that provides a range of financial services and products for retail customers and small to medium sized businesses in California. The company's deposit products include checking, interest-bearing checking, money market, and savings accounts, as well as certificates of deposit.
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