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 Tuesday. The brokerage presently has a $12.00 target price on the financial services provider’s stock. Zacks Investment Research‘s target price points to a potential upside of 6.19% 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. “

Separately, ValuEngine upgraded Bank of Commerce Holdings (CA) from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st.

Shares of Bank of Commerce Holdings (NASDAQ:BOCH) traded up 2.26% during mid-day trading on Tuesday, reaching $11.30. The company’s stock had a trading volume of 61,062 shares. The firm has a 50 day moving average price of $10.94 and a 200 day moving average price of $10.89. The firm has a market cap of $183.74 million, a price-to-earnings ratio of 17.17 and a beta of 0.43. Bank of Commerce Holdings has a 52-week low of $7.00 and a 52-week high of $11.90.

Bank of Commerce Holdings (CA) (NASDAQ:BOCH) last posted its quarterly earnings data on Friday, October 20th. The financial services provider reported $0.18 EPS for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.02. Bank of Commerce Holdings (CA) had a return on equity of 9.13% and a net margin of 19.58%. The firm had revenue of $11.58 million for the quarter, compared to analyst estimates of $11.67 million. On average, equities analysts predict that Bank of Commerce Holdings will post $0.66 EPS for the current fiscal year.

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Institutional investors and hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp boosted its holdings in shares of Bank of Commerce Holdings (CA) by 14.2% during the 1st quarter. Bank of New York Mellon Corp now owns 13,223 shares of the financial services provider’s stock valued at $142,000 after acquiring an additional 1,645 shares in the last quarter. Wellington Management Group LLP boosted its holdings 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 in the last quarter. Vanguard Group Inc. boosted its holdings 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 in the last quarter. Geode Capital Management LLC acquired a new stake in shares of Bank of Commerce Holdings (CA) during the 1st quarter valued at $1,141,000. Finally, Dimensional Fund Advisors LP boosted its holdings 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 in the last quarter. Institutional investors own 51.57% 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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