Bank of Commerce Holdings (BOCH) CFO Buys $38,395.00 in Stock

Bank of Commerce Holdings (NASDAQ:BOCH) CFO James A. Sundquist purchased 3,500 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were bought at an average price of $10.97 per share, with a total value of $38,395.00. Following the purchase, the chief financial officer now owns 110,999 shares in the company, valued at $1,217,659.03. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Bank of Commerce Holdings (BOCH) traded up $0.15 during trading on Monday, reaching $11.05. 24,200 shares of the company were exchanged, compared to its average volume of 30,555. Bank of Commerce Holdings has a fifty-two week low of $9.54 and a fifty-two week high of $12.40. The stock has a market cap of $179.81, a price-to-earnings ratio of 22.10, a price-to-earnings-growth ratio of 2.02 and a beta of 0.37. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.85 and a quick ratio of 0.85.

Bank of Commerce (NASDAQ:BOCH) last released its quarterly earnings data on Friday, January 19th. The financial services provider reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04). Bank of Commerce had a net margin of 14.47% and a return on equity of 8.42%. The business had revenue of $12.15 million during the quarter, compared to analysts’ expectations of $12.18 million. equities research analysts anticipate that Bank of Commerce Holdings will post 0.78 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Bank of Commerce by 5.2% in the 2nd quarter. Vanguard Group Inc. now owns 700,908 shares of the financial services provider’s stock valued at $7,745,000 after buying an additional 34,853 shares in the last quarter. Schwab Charles Investment Management Inc. purchased a new position in Bank of Commerce in the 2nd quarter valued at approximately $302,000. The Manufacturers Life Insurance Company grew its stake in Bank of Commerce by 472.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 209,521 shares of the financial services provider’s stock valued at $2,315,000 after buying an additional 172,891 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Bank of Commerce by 366.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 61,720 shares of the financial services provider’s stock valued at $682,000 after buying an additional 48,497 shares in the last quarter. Finally, TIAA CREF Investment Management LLC purchased a new position in Bank of Commerce in the 2nd quarter valued at approximately $471,000. Institutional investors and hedge funds own 52.21% of the company’s stock.

Several brokerages have recently issued reports on BOCH. ValuEngine lowered shares of Bank of Commerce from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research lowered shares of Bank of Commerce from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st.

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Bank of Commerce 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.

Insider Buying and Selling by Quarter for Bank of Commerce (NASDAQ:BOCH)

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