Wellington Management Group LLP boosted its position in shares of Bank of Commerce Holdings (CA) (NASDAQ:BOCH) by 222.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 333,184 shares of the financial services provider’s stock after buying an additional 229,988 shares during the period. Wellington Management Group LLP owned 2.48% of Bank of Commerce Holdings (CA) worth $3,565,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its position in shares of Bank of Commerce Holdings (CA) by 14.2% in the first quarter. Bank of New York Mellon Corp now owns 13,223 shares of the financial services provider’s stock worth $142,000 after buying an additional 1,645 shares during the period. O Shaughnessy Asset Management LLC raised its position in shares of Bank of Commerce Holdings (CA) by 171.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 24,396 shares of the financial services provider’s stock worth $261,000 after buying an additional 15,399 shares during the period. Acadian Asset Management LLC raised its position in shares of Bank of Commerce Holdings (CA) by 176.6% in the first quarter. Acadian Asset Management LLC now owns 60,325 shares of the financial services provider’s stock worth $647,000 after buying an additional 38,512 shares during the period. Renaissance Technologies LLC raised its position in shares of Bank of Commerce Holdings (CA) by 36.0% in the fourth quarter. Renaissance Technologies LLC now owns 68,800 shares of the financial services provider’s stock worth $654,000 after buying an additional 18,200 shares during the period. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its position in shares of Bank of Commerce Holdings (CA) by 0.3% in the first quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 62,297 shares of the financial services provider’s stock worth $667,000 after buying an additional 195 shares during the period. 34.53% of the stock is currently owned by institutional investors.

Bank of Commerce Holdings (NASDAQ:BOCH) traded down 1.44% on Monday, hitting $10.30. The company had a trading volume of 48,618 shares. The firm has a market capitalization of $154.63 million, a PE ratio of 15.65 and a beta of 0.44. The firm has a 50-day moving average price of $10.97 and a 200-day moving average price of $10.72. Bank of Commerce Holdings has a 12-month low of $6.63 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 analysts’ consensus estimates of $0.14 by $0.01. The business had revenue of $11.16 million for the quarter, compared to analyst estimates of $11.23 million. Bank of Commerce Holdings (CA) had a return on equity of 9.61% and a net margin of 19.12%. On average, equities research analysts anticipate that Bank of Commerce Holdings will post $0.63 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Wednesday, July 5th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date was Friday, June 30th. Bank of Commerce Holdings (CA)’s payout ratio is currently 17.91%.

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A number of equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of Bank of Commerce Holdings (CA) from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research report on Tuesday, July 25th. ValuEngine upgraded shares of Bank of Commerce Holdings (CA) from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, DA Davidson started coverage on shares of Bank of Commerce Holdings (CA) in a research note on Friday, May 19th. They set a “neutral” rating and a $12.00 price target on the stock.

In other news, Director Lyle L. Tullis acquired 10,000 shares of the business’s stock in a transaction dated Wednesday, May 10th. The stock was purchased at an average cost of $10.50 per share, for a total transaction of $105,000.00. Following the acquisition, the director now owns 250,865 shares of the company’s stock, valued at $2,634,082.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Robert H. Muttera bought 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 10th. The shares were bought at an average price of $10.50 per share, with a total value of $52,500.00. Following the completion of the acquisition, the executive vice president now directly owns 86,611 shares in the company, valued at $909,415.50. The disclosure for this purchase can be found here. Insiders bought a total of 28,500 shares of company stock valued at $299,250 over the last quarter. Company insiders own 7.50% of the company’s stock.

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.

Institutional Ownership by Quarter for Bank of Commerce Holdings (CA) (NASDAQ:BOCH)

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