Bank of Commerce Holdings (NASDAQ:BOCH) Director Lyle L. Tullis purchased 4,500 shares of the stock in a transaction on Monday, January 29th. The shares were purchased at an average price of $11.55 per share, with a total value of $51,975.00. Following the acquisition, the director now owns 255,365 shares in the company, valued at approximately $2,949,465.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Bank of Commerce Holdings (NASDAQ BOCH) opened at $11.55 on Friday. The firm has a market cap of $190.38, a price-to-earnings ratio of 18.00, a PEG ratio of 2.14 and a beta of 0.37. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.85 and a quick ratio of 0.85. Bank of Commerce Holdings has a one year low of $9.54 and a one year high of $12.40.
Bank of Commerce (NASDAQ:BOCH) last released its quarterly earnings data on Friday, January 19th. The financial services provider reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.04). The company had revenue of $12.15 million during the quarter, compared to the consensus estimate of $12.18 million. Bank of Commerce had a net margin of 14.47% and a return on equity of 8.42%. analysts expect that Bank of Commerce Holdings will post 0.78 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Tuesday, January 2nd were paid a $0.03 dividend. The ex-dividend date was Friday, December 29th. This represents a $0.12 annualized dividend and a dividend yield of 1.04%. Bank of Commerce’s dividend payout ratio is currently 24.00%.
Several research analysts have issued reports on the stock. ValuEngine lowered shares of Bank of Commerce from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research lowered shares of Bank of Commerce from a “hold” rating to a “sell” rating in a research note on Wednesday.
Several large investors have recently added to or reduced their stakes in the company. Chicago Equity Partners LLC bought a new stake in shares of Bank of Commerce in the 4th quarter valued at $191,000. Acadian Asset Management LLC increased its stake in shares of 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 valued at $285,000 after acquiring an additional 14,696 shares in the last quarter. D.A. Davidson & CO. bought a new stake in shares of Bank of Commerce in the 3rd quarter valued at $136,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Bank of Commerce in the 3rd quarter valued at $122,000. Finally, SG Americas Securities LLC bought a new stake in shares of Bank of Commerce in the 3rd quarter valued at $109,000. Institutional investors own 52.29% of the company’s stock.
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About Bank of Commerce
Bank of Commerce Holdings (Holding Company) is a bank holding company. The Company’s principal business is to serve as a holding company for Redding Bank of Commerce (Bank), which operates under two separate names (Redding Bank of Commerce and Sacramento Bank of Commerce). The Bank operates over four full service facilities in two diverse markets in Northern California.
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