Bank of Commerce Holdings (CA) (NASDAQ:BOCH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

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 brokerages have also recently commented on BOCH. 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 on the stock. ValuEngine upgraded Bank of Commerce Holdings (CA) from a “hold” rating to a “buy” rating in a report on Friday, June 2nd.

Shares of Bank of Commerce Holdings (NASDAQ BOCH) traded up 0.97% on Thursday, hitting $10.40. 17,020 shares of the stock traded hands. The stock has a 50 day moving average of $10.36 and a 200-day moving average of $10.75. Bank of Commerce Holdings has a 1-year low of $6.92 and a 1-year high of $11.90. The stock has a market cap of $169.10 million, a PE ratio of 15.81 and a beta of 0.43.

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

COPYRIGHT VIOLATION WARNING: “Bank of Commerce Holdings (CA) (BOCH) Rating Lowered to Hold at Zacks Investment Research” was reported by American Banking News and is the property of of American Banking News. If you are accessing this article on another publication, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The legal version of this article can be viewed at https://www.americanbankingnews.com/2017/09/14/bank-of-commerce-holdings-ca-boch-rating-lowered-to-hold-at-zacks-investment-research.html.

Institutional investors and hedge funds have recently modified their holdings of the business. 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 buying an additional 229,988 shares during the period. 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 buying an additional 9,561 shares during the period. Emerald Mutual Fund Advisers Trust acquired 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 buying an additional 4,011 shares during the period. Finally, Vanguard Group Inc. lifted its stake in Bank of Commerce Holdings (CA) by 2.4% in the first quarter. Vanguard Group Inc. now owns 666,055 shares of the financial services provider’s stock valued at $7,127,000 after buying an additional 15,800 shares during the period. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

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.

Get a free copy of the Zacks research report on Bank of Commerce Holdings (CA) (BOCH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Bank of Commerce Holdings (CA) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Commerce Holdings (CA) and related companies with MarketBeat.com's FREE daily email newsletter.