Bank of Commerce Holdings (BOCH) CFO Purchases $28,125.00 in Stock
Bank of Commerce Holdings (NASDAQ:BOCH) CFO James A. Sundquist acquired 2,500 shares of the stock in a transaction dated Monday, February 5th. The shares were bought at an average cost of $11.25 per share, for a total transaction of $28,125.00. Following the completion of the transaction, the chief financial officer now owns 108,499 shares in the company, valued at $1,220,613.75. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Bank of Commerce Holdings (NASDAQ BOCH) opened at $11.10 on Thursday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.22. Bank of Commerce Holdings has a twelve month low of $9.54 and a twelve month high of $12.40. The company has a market capitalization of $178.99, a P/E ratio of 22.20, a P/E/G ratio of 2.01 and a beta of 0.37.
Bank of Commerce (NASDAQ:BOCH) last posted its quarterly earnings results on Friday, January 19th. The financial services provider reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.04). Bank of Commerce had a return on equity of 8.42% and a net margin of 14.47%. The business had revenue of $12.15 million during the quarter, compared to analysts’ expectations of $12.18 million. analysts anticipate that Bank of Commerce Holdings will post 0.78 earnings per share for the current year.
A number of research firms have recently weighed in on BOCH. Zacks Investment Research cut Bank of Commerce from a “hold” rating to a “sell” rating in a research report on Thursday. ValuEngine cut Bank of Commerce from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st.
A number of hedge funds and other institutional investors have recently bought and sold shares of BOCH. Vanguard Group Inc. raised its holdings in shares of Bank of Commerce by 5.2% during the 2nd quarter. Vanguard Group Inc. now owns 700,908 shares of the financial services provider’s stock worth $7,745,000 after acquiring an additional 34,853 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Bank of Commerce by 11.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 229,911 shares of the financial services provider’s stock worth $2,541,000 after acquiring an additional 23,584 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Bank of Commerce by 472.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 209,521 shares of the financial services provider’s stock worth $2,315,000 after acquiring an additional 172,891 shares in the last quarter. Foundry Partners LLC raised its holdings in shares of Bank of Commerce by 8.5% during the 3rd quarter. Foundry Partners LLC now owns 177,005 shares of the financial services provider’s stock worth $2,036,000 after acquiring an additional 13,875 shares in the last quarter. Finally, State Street Corp purchased a new stake in shares of Bank of Commerce during the 2nd quarter worth approximately $1,908,000. 52.25% of the stock is currently owned by institutional investors.
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About Bank of Commerce
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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