Bank of Commerce Holdings (CA) (NASDAQ:BOCH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Friday. The firm currently has a $12.00 price objective on the financial services provider’s stock. Zacks Investment Research‘s target price suggests a potential upside of 15.38% from the company’s previous close.

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. “

A number of other brokerages also recently commented on BOCH. ValuEngine raised shares of Bank of Commerce Holdings (CA) from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. DA Davidson started coverage on shares of Bank of Commerce Holdings (CA) in a research note on Friday, May 19th. They issued a “neutral” rating and a $12.00 target price on the stock.

Shares of Bank of Commerce Holdings (BOCH) traded up 0.48% during mid-day trading on Friday, reaching $10.45. The company’s stock had a trading volume of 44,236 shares. Bank of Commerce Holdings has a 1-year low of $7.00 and a 1-year high of $11.90. The firm’s 50 day moving average price is $10.34 and its 200-day moving average price is $10.75. The company has a market capitalization of $169.92 million, a price-to-earnings ratio of 15.88 and a beta of 0.43.

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

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Several institutional investors and hedge funds have recently added to or reduced their stakes in BOCH. Pacific Ridge Capital Partners LLC increased its position in shares of Bank of Commerce Holdings (CA) by 6.2% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 365,300 shares of the financial services provider’s stock worth $2,440,000 after purchasing an additional 21,210 shares during the last quarter. First Mercantile Trust Co. boosted its holdings in shares of Bank of Commerce Holdings (CA) by 2.9% in the 4th quarter. First Mercantile Trust Co. now owns 173,655 shares of the financial services provider’s stock valued at $1,160,000 after buying an additional 4,881 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Bank of Commerce Holdings (CA) by 11.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 159,338 shares of the financial services provider’s stock valued at $1,064,000 after buying an additional 15,891 shares during the period. Bridgeway Capital Management Inc. boosted its holdings in shares of Bank of Commerce Holdings (CA) by 12.2% in the 4th quarter. Bridgeway Capital Management Inc. now owns 211,181 shares of the financial services provider’s stock valued at $1,411,000 after buying an additional 22,900 shares during the period. Finally, First Wilshire Securities Management Inc. boosted its holdings in shares of Bank of Commerce Holdings (CA) by 3.3% in the 4th quarter. First Wilshire Securities Management Inc. now owns 157,750 shares of the financial services provider’s stock valued at $1,054,000 after buying an additional 5,000 shares during the period. 51.56% of the stock is owned by institutional investors.

Bank of Commerce Holdings (CA) 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.

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