Bank of Commerce Holdings (CA) (NASDAQ:BOCH) was upgraded by equities researchers at ValuEngine from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Friday.

Several other brokerages also recently weighed in on BOCH. Zacks Investment Research raised Bank of Commerce Holdings (CA) from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Tuesday, July 25th. DA Davidson initiated coverage on Bank of Commerce Holdings (CA) in a research report on Friday, May 19th. They set a “neutral” rating and a $12.00 price target on the stock.

Bank of Commerce Holdings (NASDAQ BOCH) remained flat at $10.55 during trading on Friday. 23,302 shares of the company’s stock were exchanged. Bank of Commerce Holdings has a 1-year low of $6.67 and a 1-year high of $11.90. The company has a 50 day moving average price of $10.45 and a 200 day moving average price of $10.76. The stock has a market capitalization of $171.54 million, a price-to-earnings ratio of 16.03 and a beta of 0.44.

Bank of Commerce Holdings (CA) (NASDAQ:BOCH) last announced its quarterly earnings results on Friday, July 21st. The financial services provider reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.01. The company 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 return on equity of 8.88% and a net margin of 19.12%. On average, equities research analysts forecast that Bank of Commerce Holdings will post $0.63 EPS for the current year.

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

About Bank of Commerce Holdings (CA)

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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