Shares of Bank of Commerce Holdings (CA) (NASDAQ:BOCH) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $12.20 and last traded at $12.20, with a volume of 110,911 shares traded. The stock had previously closed at $11.90.

BOCH has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Bank of Commerce Holdings (CA) from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a report on Thursday, September 7th. ValuEngine cut shares of Bank of Commerce Holdings (CA) from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd.

The stock’s 50-day moving average price is $11.07 and its 200-day moving average price is $10.91. The stock has a market cap of $190.24 million, a PE ratio of 17.78 and a beta of 0.43.

Bank of Commerce Holdings (CA) (NASDAQ:BOCH) last announced its earnings results on Friday, October 20th. The financial services provider reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.02. Bank of Commerce Holdings (CA) had a net margin of 19.58% and a return on equity of 9.13%. The business had revenue of $11.58 million for the quarter, compared to the consensus estimate of $11.67 million. On average, equities analysts expect that Bank of Commerce Holdings will post $0.69 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Tuesday, October 3rd were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.01%. The ex-dividend date was Monday, October 2nd. Bank of Commerce Holdings (CA)’s dividend payout ratio is currently 17.91%.

Hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP increased its stake in 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 period. Emerald Mutual Fund Advisers Trust purchased a new position in Bank of Commerce Holdings (CA) in the 2nd quarter worth about $4,692,000. Dimensional Fund Advisors LP increased its stake in Bank of Commerce Holdings (CA) by 12.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 206,327 shares of the financial services provider’s stock worth $2,208,000 after buying an additional 22,369 shares during the period. Vanguard Group Inc. increased its stake in Bank of Commerce Holdings (CA) by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 666,055 shares of the financial services provider’s stock worth $7,127,000 after buying an additional 15,800 shares during the period. Finally, Banc Funds Co. LLC increased its stake in 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 period. 51.62% of the stock is currently owned by institutional investors.

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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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