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

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. “

Separately, ValuEngine upgraded shares of Bank of Commerce Holdings (CA) from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd.

Shares of Bank of Commerce Holdings (NASDAQ BOCH) traded down 0.46% during trading on Monday, hitting $10.75. The stock had a trading volume of 12,201 shares. The stock’s 50-day moving average is $10.34 and its 200-day moving average is $10.77. The stock has a market cap of $143.76 million, a price-to-earnings ratio of 27.56 and a beta of 0.43. Bank of Commerce Holdings has a 12-month low of $7.00 and a 12-month high of $11.90.

Bank of Commerce Holdings (CA) (NASDAQ:BOCH) last announced its earnings results on Friday, July 21st. The financial services provider reported $0.15 earnings per share for the quarter, topping the 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 during the quarter, compared to the consensus estimate of $11.23 million. On average, equities research analysts expect that Bank of Commerce Holdings will post $0.63 EPS for the current year.

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A number of large investors have recently made changes to their positions in the stock. Wellington Management Group LLP lifted its position in shares of Bank of Commerce Holdings (CA) by 222.9% during the 1st quarter. Wellington Management Group LLP now owns 333,184 shares of the financial services provider’s stock valued at $3,565,000 after acquiring an additional 229,988 shares during the period. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Bank of Commerce Holdings (CA) during the 2nd quarter valued at approximately $4,692,000. Vanguard Group Inc. lifted its position in shares of Bank of Commerce Holdings (CA) by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 666,055 shares of the financial services provider’s stock valued at $7,127,000 after acquiring an additional 15,800 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Bank of Commerce Holdings (CA) by 12.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 206,327 shares of the financial services provider’s stock valued at $2,208,000 after acquiring an additional 22,369 shares during the period. Finally, Geode Capital Management LLC acquired a new stake in shares of Bank of Commerce Holdings (CA) during the 1st quarter valued at approximately $1,141,000. Hedge funds and other institutional investors 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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