First Trust Advisors LP purchased a new position in shares of Bank of Commerce Holdings (NASDAQ:BOCH) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,074 shares of the financial services provider’s stock, valued at approximately $139,000. First Trust Advisors LP owned 0.07% of Bank of Commerce at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Banc Funds Co. LLC increased its stake in Bank of Commerce by 16.4% during the second quarter. Banc Funds Co. LLC now owns 1,067,326 shares of the financial services provider’s stock worth $11,794,000 after purchasing an additional 150,000 shares during the period. Vanguard Group Inc. increased its stake in Bank of Commerce by 5.2% during the second quarter. Vanguard Group Inc. now owns 700,908 shares of the financial services provider’s stock worth $7,745,000 after purchasing an additional 34,853 shares during the period. Dimensional Fund Advisors LP increased its stake in Bank of Commerce by 11.4% during the second quarter. Dimensional Fund Advisors LP now owns 229,911 shares of the financial services provider’s stock worth $2,541,000 after purchasing an additional 23,584 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Bank of Commerce by 472.0% during the second quarter. The Manufacturers Life Insurance Company now owns 209,521 shares of the financial services provider’s stock worth $2,315,000 after buying an additional 172,891 shares in the last quarter. Finally, State Street Corp acquired a new position in shares of Bank of Commerce during the second quarter worth about $1,908,000. Institutional investors own 52.21% of the company’s stock.

A number of brokerages have recently commented on BOCH. ValuEngine downgraded Bank of Commerce from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research raised Bank of Commerce from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Tuesday, October 24th.

Bank of Commerce Holdings (NASDAQ:BOCH) opened at $11.65 on Thursday. Bank of Commerce Holdings has a 52-week low of $8.55 and a 52-week high of $12.40. The company has a market capitalization of $188.75, a PE ratio of 17.31, a PEG ratio of 2.42 and a beta of 0.42. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.85 and a current ratio of 0.85.

Bank of Commerce (NASDAQ:BOCH) last announced its quarterly earnings data on Friday, October 20th. The financial services provider reported $0.18 EPS for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.02. Bank of Commerce had a return on equity of 8.66% and a net margin of 19.58%. The business had revenue of $11.58 million during the quarter, compared to the consensus estimate of $11.67 million. research analysts predict that Bank of Commerce Holdings will post 0.69 EPS for the current year.

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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.

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

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