Insider Buying: Lyle L. Tullis Acquires 2,500 Shares of Bank of Commerce Holdings Stock (BOCH)
Bank of Commerce Holdings (NASDAQ:BOCH) Director Lyle L. Tullis purchased 2,500 shares of the stock on the open market in a transaction that occurred on Thursday, May 22nd. The shares were purchased at an average price of $6.24 per share, for a total transaction of $15,600.00. Following the acquisition, the director now directly owns 207,583 shares of the company’s stock, valued at approximately $1,295,318. The purchase was disclosed in a filing with the SEC, which is available at this link.
Bank of Commerce Holdings (NASDAQ:BOCH) traded down 0.63% during mid-day trading on Tuesday, hitting $6.35. 19,589 shares of the company’s stock traded hands. Bank of Commerce Holdings has a 52-week low of $4.81 and a 52-week high of $7.00. The stock’s 50-day moving average is $6.46 and its 200-day moving average is $6.14. The company has a market cap of $85.5 million and a P/E ratio of 14.79.
Bank of Commerce Holdings (NASDAQ:BOCH) last announced its earnings results on Monday, May 5th. The company reported $0.04 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.15 by $0.11. On average, analysts predict that Bank of Commerce Holdings will post $0.52 earnings per share for the current fiscal year.
Bank of Commerce Holdings is a financial holding company. The Company’s principal business is to serve as a holding company for Redding Bank of Commerce (NASDAQ:BOCH) and for Bank of Commerce Mortgage, its majority-owned mortgage brokerage subsidiary.
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