Bank of Commerce Holdings (CA) (NASDAQ:BOCH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Thursday.

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. “

A number of other research firms also recently commented on BOCH. DA Davidson began coverage on shares of Bank of Commerce Holdings (CA) in a research report on Friday, May 19th. They set a “neutral” rating and a $12.00 target price on the stock. ValuEngine raised shares of Bank of Commerce Holdings (CA) from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd.

Shares of Bank of Commerce Holdings (BOCH) traded up 0.48% during midday trading on Thursday, reaching $10.45. 44,700 shares of the company’s stock were exchanged. Bank of Commerce Holdings has a 12-month low of $7.00 and a 12-month high of $11.90. The company has a market cap of $169.92 million, a price-to-earnings ratio of 15.88 and a beta of 0.43. The stock’s 50 day moving average price is $10.33 and its 200 day moving average price is $10.75.

Bank of Commerce Holdings (CA) (NASDAQ:BOCH) last posted its earnings results on Friday, July 21st. The financial services provider reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. The business had revenue of $11.16 million for the quarter, compared to the consensus estimate of $11.23 million. Bank of Commerce Holdings (CA) had a net margin of 19.12% and a return on equity of 8.88%. Equities analysts anticipate that Bank of Commerce Holdings will post $0.63 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Bank of Commerce Holdings (CA) (BOCH) Stock Rating Lowered by Zacks Investment Research” was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece of content on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/09/16/bank-of-commerce-holdings-ca-boch-stock-rating-lowered-by-zacks-investment-research.html.

Several institutional investors have recently modified their holdings of the company. Banc Funds Co. LLC grew its position in shares of Bank of Commerce Holdings (CA) by 16.4% in the 2nd quarter. Banc Funds Co. LLC now owns 1,067,326 shares of the financial services provider’s stock worth $11,794,000 after buying an additional 150,000 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Bank of Commerce Holdings (CA) by 5.2% in the 2nd quarter. Vanguard Group Inc. now owns 700,908 shares of the financial services provider’s stock worth $7,745,000 after buying an additional 34,853 shares during the last quarter. Emerald Mutual Fund Advisers Trust purchased a new position in shares of Bank of Commerce Holdings (CA) in the 2nd quarter worth approximately $4,692,000. Pacific Ridge Capital Partners LLC grew its position in shares of Bank of Commerce Holdings (CA) by 1.1% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 353,706 shares of the financial services provider’s stock worth $3,785,000 after buying an additional 4,011 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in shares of Bank of Commerce Holdings (CA) by 222.9% in the 1st quarter. Wellington Management Group LLP now owns 333,184 shares of the financial services provider’s stock worth $3,565,000 after buying an additional 229,988 shares during the last quarter. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

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.

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