Insider Buying: Bank of Commerce Holdings (NASDAQ:BOCH) Director Purchases $63,120.00 in Stock

Bank of Commerce Holdings (NASDAQ:BOCH) Director Terence John Street bought 8,000 shares of the company’s stock in a transaction on Thursday, July 23rd. The stock was bought at an average cost of $7.89 per share, with a total value of $63,120.00. Following the completion of the purchase, the director now owns 30,000 shares of the company’s stock, valued at approximately $236,700. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Shares of NASDAQ:BOCH opened at $7.90 on Thursday. Bank of Commerce Holdings has a one year low of $5.68 and a one year high of $12.31. The company has a 50 day moving average of $7.30 and a 200-day moving average of $8.47. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.87 and a quick ratio of 0.87. The stock has a market cap of $129.56 million, a price-to-earnings ratio of 9.21 and a beta of 0.72.

Bank of Commerce (NASDAQ:BOCH) last issued its quarterly earnings results on Friday, July 17th. The financial services provider reported $0.23 EPS for the quarter, topping the consensus estimate of $0.14 by $0.09. Bank of Commerce had a net margin of 21.79% and a return on equity of 8.72%. The company had revenue of $14.74 million during the quarter, compared to analysts’ expectations of $14.50 million. Equities research analysts anticipate that Bank of Commerce Holdings will post 0.76 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend was Monday, June 29th. Bank of Commerce’s dividend payout ratio is 24.10%.

A number of equities analysts have weighed in on BOCH shares. Zacks Investment Research downgraded shares of Bank of Commerce from a “buy” rating to a “hold” rating in a research note on Friday, July 3rd. ValuEngine downgraded shares of Bank of Commerce from a “hold” rating to a “sell” rating in a research note on Thursday, April 2nd.

Several large investors have recently modified their holdings of the company. Citigroup Inc. grew its position in shares of Bank of Commerce by 45.4% during the 1st quarter. Citigroup Inc. now owns 5,185 shares of the financial services provider’s stock worth $41,000 after buying an additional 1,618 shares during the period. Geode Capital Management LLC grew its holdings in Bank of Commerce by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 223,552 shares of the financial services provider’s stock valued at $2,586,000 after purchasing an additional 1,910 shares during the period. Jacobs Levy Equity Management Inc. grew its holdings in Bank of Commerce by 19.9% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 18,442 shares of the financial services provider’s stock valued at $213,000 after purchasing an additional 3,056 shares during the period. WINTON GROUP Ltd grew its holdings in Bank of Commerce by 12.7% during the first quarter. WINTON GROUP Ltd now owns 32,017 shares of the financial services provider’s stock valued at $252,000 after purchasing an additional 3,614 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in Bank of Commerce by 15.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 48,645 shares of the financial services provider’s stock valued at $563,000 after purchasing an additional 6,463 shares during the period. Institutional investors own 55.07% of the company’s stock.

Bank of Commerce Company Profile

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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Insider Buying and Selling by Quarter for Bank of Commerce (NASDAQ:BOCH)

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