Shares of Bank of Commerce Holdings (CA) (NASDAQ:BOCH) have received an average broker rating score of 2.50 (Hold) from the two brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and one has assigned a buy rating to the company.
Analysts have set a twelve-month consensus target price of $12.75 for the company and are forecasting that the company will post $0.19 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Bank of Commerce an industry rank of 97 out of 265 based on the ratings given to related companies.
A number of research analysts have weighed in on the company. Zacks Investment Research downgraded Bank of Commerce from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. ValuEngine downgraded Bank of Commerce from a “buy” rating to a “hold” rating in a report on Friday, May 11th.
In related news, Director Lyle L. Tullis acquired 4,250 shares of the firm’s stock in a transaction dated Wednesday, May 2nd. The shares were purchased at an average price of $11.32 per share, with a total value of $48,110.00. Following the completion of the purchase, the director now directly owns 255,365 shares of the company’s stock, valued at $2,890,731.80. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.41% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Mackay Shields LLC bought a new position in shares of Bank of Commerce in the first quarter worth about $142,000. Chicago Equity Partners LLC bought a new position in shares of Bank of Commerce in the fourth quarter worth about $191,000. Wells Fargo & Company MN raised its stake in shares of Bank of Commerce by 262.3% in the fourth quarter. Wells Fargo & Company MN now owns 20,924 shares of the financial services provider’s stock worth $241,000 after buying an additional 15,148 shares during the period. Two Sigma Investments LP bought a new position in shares of Bank of Commerce in the fourth quarter worth about $267,000. Finally, Acadian Asset Management LLC raised its stake in shares of Bank of Commerce by 146.0% in the fourth 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 period. 53.20% of the stock is currently owned by hedge funds and other institutional investors.
Bank of Commerce opened at $11.50 on Tuesday, Marketbeat Ratings reports. Bank of Commerce has a fifty-two week low of $11.40 and a fifty-two week high of $11.40. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a market capitalization of $185.15 million, a price-to-earnings ratio of 17.97, a PEG ratio of 2.04 and a beta of 0.39.
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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