Bank of Commerce Holdings (NASDAQ:BOCH) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued 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, TheStreet upgraded shares of Bank of Commerce Holdings from a “hold” rating to a “buy” rating in a research note on Monday, August 15th.

Shares of Bank of Commerce Holdings (NASDAQ:BOCH) remained flat at $7.21 during midday trading on Monday. 11,243 shares of the company were exchanged. The company has a 50-day moving average of $6.99 and a 200-day moving average of $6.57. Bank of Commerce Holdings has a 12 month low of $5.05 and a 12 month high of $7.41. The company has a market capitalization of $96.39 million, a PE ratio of 20.60 and a beta of 0.63.

Bank of Commerce Holdings (NASDAQ:BOCH) last released its earnings results on Friday, July 22nd. The financial services provider reported $0.11 EPS for the quarter, missing the consensus estimate of $0.19 by $0.08. Bank of Commerce Holdings had a net margin of 11.76% and a return on equity of 8.59%. Equities research analysts forecast that Bank of Commerce Holdings will post $0.41 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Tuesday, October 4th will be paid a $0.03 dividend. The ex-dividend date is Friday, September 30th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.66%. Bank of Commerce Holdings’s payout ratio is currently 34.29%.

In related news, Director Joseph Gibson purchased 5,000 shares of Bank of Commerce Holdings stock in a transaction dated Wednesday, July 27th. The shares were bought at an average cost of $6.52 per share, for a total transaction of $32,600.00. Following the purchase, the director now owns 101,488 shares in the company, valued at approximately $661,701.76. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 7.50% of the stock is currently owned by insiders.

Several large investors have recently bought and sold shares of BOCH. Spark Investment Management LLC increased its stake in Bank of Commerce Holdings by 26.6% in the first quarter. Spark Investment Management LLC now owns 18,100 shares of the financial services provider’s stock worth $114,000 after buying an additional 3,800 shares during the last quarter. First Manhattan Co. increased its stake in Bank of Commerce Holdings by 18.2% in the second quarter. First Manhattan Co. now owns 32,500 shares of the financial services provider’s stock valued at $214,000 after buying an additional 5,000 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its stake in Bank of Commerce Holdings by 0.5% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 61,554 shares of the financial services provider’s stock valued at $406,000 after buying an additional 292 shares in the last quarter. Eagle Global Advisors LLC acquired a new stake in Bank of Commerce Holdings during the second quarter valued at approximately $415,000. Finally, Context BH Capital Management LP increased its stake in Bank of Commerce Holdings by 12.0% in the second quarter. Context BH Capital Management LP now owns 92,567 shares of the financial services provider’s stock valued at $611,000 after buying an additional 9,914 shares in the last quarter. Institutional investors own 29.40% of the company’s stock.

Bank of Commerce Holdings 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.

5 Day Chart for NASDAQ:BOCH

Receive News & Stock Ratings for Bank of Commerce Holdings Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Commerce Holdings and related stocks with our FREE daily email newsletter.