Bank of Commerce Holdings (CA) (NASDAQ:BOCH) saw a large decline in short interest during the month of July. As of July 31st, there was short interest totalling 451,272 shares, a decline of 34.1% from the July 14th total of 684,769 shares. Approximately 3.0% of the shares of the company are short sold. Based on an average daily volume of 46,063 shares, the short-interest ratio is presently 9.8 days.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Banc Funds Co. LLC increased its position 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 period. Dimensional Fund Advisors LP increased its position in Bank of Commerce Holdings (CA) by 11.4% in the second quarter. Dimensional Fund Advisors LP now owns 229,911 shares of the financial services provider’s stock valued at $2,541,000 after buying an additional 23,584 shares during the period. Vanguard Group Inc. increased its position 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 period. Northern Trust Corp increased its position in Bank of Commerce Holdings (CA) by 239.8% in the second quarter. Northern Trust Corp now owns 53,159 shares of the financial services provider’s stock valued at $587,000 after buying an additional 37,516 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in Bank of Commerce Holdings (CA) during the second quarter valued at about $111,000. 34.53% of the stock is owned by institutional investors and hedge funds.

Shares of Bank of Commerce Holdings (NASDAQ BOCH) opened at 9.95 on Friday. The stock has a market cap of $161.79 million, a P/E ratio of 15.12 and a beta of 0.44. The firm’s 50-day moving average is $10.77 and its 200 day moving average is $10.74. Bank of Commerce Holdings has a 52-week low of $6.63 and a 52-week high of $11.90.

Bank of Commerce Holdings (CA) (NASDAQ:BOCH) last released its quarterly earnings results on Friday, July 21st. The financial services provider reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.01. The business had revenue of $11.16 million during 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%. Analysts forecast that Bank of Commerce Holdings will post $0.63 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Wednesday, July 5th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend was Friday, June 30th. Bank of Commerce Holdings (CA)’s dividend payout ratio (DPR) is presently 17.91%.

BOCH has been the topic of several research analyst reports. Zacks Investment Research raised shares of Bank of Commerce Holdings (CA) from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. DA Davidson initiated coverage on shares of Bank of Commerce Holdings (CA) in a research report on Friday, May 19th. They set a “neutral” rating and a $12.00 target price on the stock. Finally, ValuEngine raised shares of Bank of Commerce Holdings (CA) from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd.

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Bank of Commerce Holdings (CA) Company 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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