Zacks Investment Research upgraded shares of Bank of Commerce Holdings (CA) (NASDAQ:BOCH) from a hold rating to a buy rating in a report released on Thursday. Zacks Investment Research currently has $12.00 target price on the financial services provider’s stock.

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. “

Other equities research analysts also recently issued reports about the stock. ValuEngine upgraded shares of Bank of Commerce Holdings (CA) from a buy rating to a strong-buy rating in a report on Friday, September 1st. DA Davidson assumed coverage on shares of Bank of Commerce Holdings (CA) in a report on Friday, May 19th. They issued a neutral rating and a $12.00 target price for the company.

Bank of Commerce Holdings (NASDAQ BOCH) opened at 10.00 on Thursday. Bank of Commerce Holdings has a 52-week low of $6.81 and a 52-week high of $11.90. The stock has a market cap of $162.60 million, a PE ratio of 15.20 and a beta of 0.43. The company’s 50 day moving average is $10.38 and its 200-day moving average is $10.74.

Bank of Commerce Holdings (CA) (NASDAQ:BOCH) last released its earnings results on Friday, July 21st. The financial services provider reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $11.16 million during the quarter, compared to the consensus estimate of $11.23 million. On average, equities analysts anticipate that Bank of Commerce Holdings will post $0.63 earnings per share for the current year.

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A number of institutional investors have recently added to or reduced their stakes in the stock. Nationwide Fund Advisors grew its stake in Bank of Commerce Holdings (CA) by 512.7% during the second quarter. Nationwide Fund Advisors now owns 10,023 shares of the financial services provider’s stock worth $111,000 after buying an additional 8,387 shares during the period. GSA Capital Partners LLP purchased a new stake in Bank of Commerce Holdings (CA) during the second quarter worth approximately $111,000. Bank of New York Mellon Corp grew its stake in Bank of Commerce Holdings (CA) by 14.2% during 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. Rhumbline Advisers purchased a new stake in Bank of Commerce Holdings (CA) during the second quarter worth approximately $178,000. Finally, New York State Common Retirement Fund purchased a new stake in Bank of Commerce Holdings (CA) during the second quarter worth approximately $182,000. Hedge funds and other institutional investors own 51.56% 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.

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