Bank of Commerce Holdings (NASDAQ:BOCH) Short Interest Update

Bank of Commerce Holdings (NASDAQ:BOCH) was the target of a large drop in short interest in August. As of August 31st, there was short interest totalling 111,700 shares, a drop of 28.1% from the August 15th total of 155,400 shares. Based on an average daily volume of 162,700 shares, the short-interest ratio is presently 0.7 days. Approximately 0.7% of the company’s stock are sold short.

Separately, Raymond James lowered shares of Bank of Commerce from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 8th.

Bank of Commerce stock opened at $12.99 on Tuesday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.11. The stock has a market cap of $219.45 million, a PE ratio of 11.81 and a beta of 0.69. The stock has a 50-day moving average price of $13.75 and a 200 day moving average price of $13.64. Bank of Commerce has a 52 week low of $6.52 and a 52 week high of $15.38.

Bank of Commerce (NASDAQ:BOCH) last issued its earnings results on Monday, July 26th. The financial services provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.06). The firm had revenue of $15.10 million during the quarter, compared to analyst estimates of $16.00 million. Bank of Commerce had a return on equity of 10.40% and a net margin of 28.31%. On average, equities analysts predict that Bank of Commerce will post 1.11 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 29th. Stockholders of record on Wednesday, September 15th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, September 14th. This represents a $0.24 annualized dividend and a dividend yield of 1.85%. Bank of Commerce’s dividend payout ratio (DPR) is 26.97%.

Several large investors have recently modified their holdings of BOCH. Acadian Asset Management LLC boosted its stake in Bank of Commerce by 8.9% in the 1st quarter. Acadian Asset Management LLC now owns 161,555 shares of the financial services provider’s stock valued at $2,060,000 after buying an additional 13,189 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Bank of Commerce by 3.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 690,370 shares of the financial services provider’s stock worth $8,795,000 after acquiring an additional 24,225 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Bank of Commerce by 35.7% during the first quarter. Goldman Sachs Group Inc. now owns 50,415 shares of the financial services provider’s stock worth $643,000 after acquiring an additional 13,251 shares in the last quarter. Panagora Asset Management Inc. raised its holdings in Bank of Commerce by 3.0% during the 1st quarter. Panagora Asset Management Inc. now owns 127,754 shares of the financial services provider’s stock worth $1,629,000 after buying an additional 3,697 shares during the period. Finally, Captrust Financial Advisors acquired a new stake in shares of Bank of Commerce in the 1st quarter valued at about $52,000. 53.35% of the stock is currently owned by institutional investors.

About Bank of Commerce

Bank of Commerce Holdings engages in the provision of community banking and financial services. Its principal deposit products include the following types of accounts: checking, interest-bearing checking, money market, savings and certificates of deposit. The firm also offers sweep arrangements, commercial, construction, term and consumer loans, safe deposit boxes, and electronic banking services.

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