Equities research analysts at DA Davidson initiated coverage on shares of Bank of Commerce Holdings (NASDAQ:BOCH) in a research note issued on Friday. The brokerage set a “neutral” rating and a $12.00 price target on the financial services provider’s stock. DA Davidson’s target price would indicate a potential upside of 8.11% from the company’s current price.

Separately, Zacks Investment Research downgraded Bank of Commerce Holdings from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 1st.

Bank of Commerce Holdings (NASDAQ:BOCH) traded up 0.91% during trading on Friday, reaching $11.10. 106,167 shares of the company traded hands. Bank of Commerce Holdings has a 12 month low of $6.05 and a 12 month high of $11.50. The company’s 50-day moving average is $11.05 and its 200 day moving average is $9.86. The company has a market cap of $149.26 million, a PE ratio of 17.65 and a beta of 0.61.

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In other Bank of Commerce Holdings news, CFO James A. Sundquist purchased 12,500 shares of the business’s stock in a transaction on Wednesday, May 10th. The stock was acquired at an average price of $10.50 per share, with a total value of $131,250.00. Following the acquisition, the chief financial officer now directly owns 84,238 shares of the company’s stock, valued at approximately $884,499. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Robert H. Muttera purchased 5,000 shares of the business’s stock in a transaction on Wednesday, May 10th. The shares were acquired at an average cost of $10.50 per share, with a total value of $52,500.00. Following the acquisition, the executive vice president now directly owns 86,611 shares in the company, valued at $909,415.50. The disclosure for this purchase can be found here. Insiders have acquired a total of 28,500 shares of company stock valued at $299,250 in the last ninety days. Insiders own 7.50% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its stake in Bank of Commerce Holdings by 0.3% in the first quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 62,297 shares of the financial services provider’s stock worth $667,000 after buying an additional 195 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Bank of Commerce Holdings by 14.2% in the first quarter. Bank of New York Mellon Corp now owns 13,223 shares of the financial services provider’s stock worth $142,000 after buying an additional 1,645 shares in the last quarter. JCSD Capital LLC increased its stake in Bank of Commerce Holdings by 1.4% in the first quarter. JCSD Capital LLC now owns 188,240 shares of the financial services provider’s stock worth $2,014,000 after buying an additional 2,524 shares in the last quarter. Pacific Ridge Capital Partners LLC increased its stake in Bank of Commerce Holdings by 1.1% in the first quarter. Pacific Ridge Capital Partners LLC now owns 353,706 shares of the financial services provider’s stock worth $3,785,000 after buying an additional 4,011 shares in the last quarter. Finally, Maltese Capital Management LLC increased its stake in Bank of Commerce Holdings by 1.7% in the fourth quarter. Maltese Capital Management LLC now owns 310,000 shares of the financial services provider’s stock worth $2,945,000 after buying an additional 5,113 shares in the last quarter. 33.48% of the stock is owned by institutional investors.

Bank of Commerce Holdings Company Profile

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.

12 Month Chart for NASDAQ:BOCH

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