Bank of Commerce Holdings (CA) (NASDAQ:BOCH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday. The brokerage presently has a $12.00 target price on the financial services provider’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 20.00% from the stock’s current price.

According to Zacks, “Bank of Commerce Holdings is a financial service holding company that owns Redding Bank of Commerce, Roseville Bank of Commerce, a division of Redding Bank of Commerce and Bank of Commerce Mortgage, an affiliate of Redding Bank of Commerce and Roseville Bank of Commerce. “

Several other equities analysts have also issued reports on the company. ValuEngine raised Bank of Commerce Holdings (CA) from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. DA Davidson began coverage on Bank of Commerce Holdings (CA) in a report on Friday, May 19th. They issued a “neutral” rating and a $12.00 target price for the company.

Bank of Commerce Holdings (BOCH) traded down 3.85% during mid-day trading on Thursday, hitting $10.00. The stock had a trading volume of 11,763 shares. The firm’s 50-day moving average price is $10.42 and its 200-day moving average price is $10.75. The stock has a market cap of $162.60 million, a PE ratio of 15.20 and a beta of 0.43. Bank of Commerce Holdings has a 1-year low of $6.81 and a 1-year high of $11.90.

Bank of Commerce Holdings (CA) (NASDAQ:BOCH) last released its earnings results on Friday, July 21st. The financial services provider reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.01. The company had revenue of $11.16 million during the quarter, compared to analyst estimates of $11.23 million. Bank of Commerce Holdings (CA) had a return on equity of 8.88% and a net margin of 19.12%. On average, equities analysts expect that Bank of Commerce Holdings will post $0.63 earnings per share for the current year.

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Institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP lifted its stake in Bank of Commerce Holdings (CA) by 222.9% in the first quarter. Wellington Management Group LLP now owns 333,184 shares of the financial services provider’s stock valued at $3,565,000 after purchasing an additional 229,988 shares during the last quarter. LSV Asset Management lifted its stake in Bank of Commerce Holdings (CA) by 5.0% in the first quarter. LSV Asset Management now owns 200,594 shares of the financial services provider’s stock valued at $2,146,000 after purchasing an additional 9,561 shares during the last quarter. Emerald Mutual Fund Advisers Trust purchased a new position in Bank of Commerce Holdings (CA) in the second quarter valued at approximately $4,692,000. Pacific Ridge Capital Partners LLC lifted its stake in Bank of Commerce Holdings (CA) by 1.1% in the first quarter. Pacific Ridge Capital Partners LLC now owns 353,706 shares of the financial services provider’s stock valued at $3,785,000 after purchasing an additional 4,011 shares during the last quarter. Finally, Essex Investment Management Co. LLC lifted its stake in Bank of Commerce Holdings (CA) by 42.9% in the second quarter. Essex Investment Management Co. LLC now owns 151,846 shares of the financial services provider’s stock valued at $1,678,000 after purchasing an additional 45,610 shares during the last quarter. Institutional investors and hedge funds own 51.56% of the company’s stock.

About Bank of Commerce Holdings (CA)

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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