Vanguard Group Inc. increased its stake in shares of Bank of Commerce Holdings (NASDAQ:BOCH) by 5.2% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 700,908 shares of the financial services provider’s stock after purchasing an additional 34,853 shares during the period. Vanguard Group Inc. owned approximately 4.67% of Bank of Commerce worth $7,745,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Emerald Mutual Fund Advisers Trust purchased a new position in Bank of Commerce in the 2nd quarter valued at approximately $4,692,000. Dimensional Fund Advisors LP boosted its position in Bank of Commerce by 12.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 206,327 shares of the financial services provider’s stock valued at $2,208,000 after buying an additional 22,369 shares during the period. Essex Investment Management Co. LLC boosted its position in Bank of Commerce by 42.9% in the 2nd quarter. Essex Investment Management Co. LLC now owns 151,846 shares of the financial services provider’s stock valued at $1,678,000 after buying an additional 45,610 shares during the period. Geode Capital Management LLC purchased a new position in Bank of Commerce in the 1st quarter valued at approximately $1,141,000. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its position in Bank of Commerce by 8.3% in the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 67,465 shares of the financial services provider’s stock valued at $745,000 after buying an additional 5,168 shares during the period. 51.08% of the stock is owned by institutional investors.

BOCH has been the subject of several recent research reports. Zacks Investment Research cut shares of Bank of Commerce from a “buy” rating to a “hold” rating in a research report on Thursday, August 31st. ValuEngine raised shares of Bank of Commerce from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st.

Bank of Commerce Holdings (NASDAQ BOCH) opened at $11.90 on Monday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.85 and a quick ratio of 0.85. Bank of Commerce Holdings has a 1 year low of $8.05 and a 1 year high of $12.40. The company has a market cap of $193.64, a P/E ratio of 17.76, a price-to-earnings-growth ratio of 2.48 and a beta of 0.44.

Bank of Commerce (NASDAQ:BOCH) last issued its quarterly earnings results on Friday, October 20th. The financial services provider reported $0.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.02. Bank of Commerce had a net margin of 19.58% and a return on equity of 8.66%. The company had revenue of $11.58 million during the quarter, compared to analysts’ expectations of $11.67 million. equities research analysts forecast that Bank of Commerce Holdings will post 0.69 earnings per share for the current fiscal year.

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

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