Bank of Commerce (NASDAQ:BOCH) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Friday, Zacks.com reports.

According to Zacks, “Bank of Commerce Holdings is a financial service holding company that owns Redding Bank of Commerce, Roseville Bank of Commerce, a division of Redding Bank of Commerce and Bank of Commerce Mortgage, an affiliate of Redding Bank of Commerce and Roseville Bank of Commerce. “

Several other analysts also recently commented on BOCH. Raymond James reduced their price target on shares of Bank of Commerce from $12.00 to $11.50 and set an “outperform” rating for the company in a research report on Thursday, August 29th. ValuEngine upgraded shares of Bank of Commerce from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, TheStreet upgraded shares of Bank of Commerce from a “f” rating to a “b” rating in a research report on Wednesday, September 18th.

BOCH stock opened at $10.96 on Friday. The company has a fifty day moving average price of $10.64 and a 200 day moving average price of $10.57. Bank of Commerce has a 12 month low of $9.63 and a 12 month high of $12.83. The company has a market cap of $199.81 million, a price-to-earnings ratio of 12.60 and a beta of 0.65. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.86 and a quick ratio of 0.86.

Bank of Commerce (NASDAQ:BOCH) last released its quarterly earnings results on Friday, October 18th. The financial services provider reported $0.26 EPS for the quarter, beating the consensus estimate of $0.24 by $0.02. Bank of Commerce had a net margin of 24.31% and a return on equity of 10.16%. The firm had revenue of $14.73 million during the quarter, compared to the consensus estimate of $14.80 million. As a group, analysts anticipate that Bank of Commerce will post 0.93 earnings per share for the current year.

In other news, Director Karl L. Silberstein acquired 4,000 shares of the company’s stock in a transaction on Tuesday, July 23rd. The shares were bought at an average cost of $10.60 per share, with a total value of $42,400.00. Following the purchase, the director now owns 11,795 shares of the company’s stock, valued at approximately $125,027. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO James A. Sundquist acquired 3,000 shares of the company’s stock in a transaction on Wednesday, August 14th. The stock was purchased at an average cost of $9.99 per share, for a total transaction of $29,970.00. Following the completion of the purchase, the chief financial officer now directly owns 15,227 shares in the company, valued at approximately $152,117.73. The disclosure for this purchase can be found here. Insiders acquired a total of 13,000 shares of company stock worth $133,150 over the last three months. 5.67% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Jacobs Levy Equity Management Inc. acquired a new position in Bank of Commerce in the 2nd quarter valued at $164,000. DeDora Capital Inc. acquired a new position in Bank of Commerce in the 2nd quarter valued at $174,000. LPL Financial LLC increased its stake in Bank of Commerce by 17.3% in the 2nd quarter. LPL Financial LLC now owns 21,686 shares of the financial services provider’s stock valued at $232,000 after buying an additional 3,191 shares during the period. Marshall Wace LLP increased its stake in Bank of Commerce by 443.1% in the 1st quarter. Marshall Wace LLP now owns 24,639 shares of the financial services provider’s stock valued at $260,000 after buying an additional 20,102 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Bank of Commerce by 16.2% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 40,924 shares of the financial services provider’s stock worth $438,000 after purchasing an additional 5,696 shares during the period. 49.56% of the stock is currently owned by institutional investors.

About Bank of Commerce

Bank of Commerce Holdings operates as the bank holding company for Redding Bank of Commerce that provides a range of financial services and products for retail customers and small to medium-sized businesses in California. Its deposit products include checking, interest-bearing checking, money market, and savings accounts, as well as certificates of deposit.

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