Emerald Mutual Fund Advisers Trust acquired a new position in shares of Bank of Commerce Holdings (CA) (NASDAQ:BOCH) during the second quarter, Holdings Channel reports. The institutional investor acquired 424,577 shares of the financial services provider’s stock, valued at approximately $4,692,000.
A number of other hedge funds have also bought and sold shares of the stock. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its stake in Bank of Commerce Holdings (CA) by 0.3% in the first quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 62,297 shares of the financial services provider’s stock worth $667,000 after buying an additional 195 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Bank of Commerce Holdings (CA) by 14.2% in the first quarter. Bank of New York Mellon Corp now owns 13,223 shares of the financial services provider’s stock worth $142,000 after buying an additional 1,645 shares in the last quarter. JCSD Capital LLC increased its stake in Bank of Commerce Holdings (CA) by 1.4% in the first quarter. JCSD Capital LLC now owns 188,240 shares of the financial services provider’s stock worth $2,014,000 after buying an additional 2,524 shares in the last quarter. Pacific Ridge Capital Partners LLC increased its stake in Bank of Commerce Holdings (CA) by 1.1% in the first quarter. Pacific Ridge Capital Partners LLC now owns 353,706 shares of the financial services provider’s stock worth $3,785,000 after buying an additional 4,011 shares in the last quarter. Finally, LSV Asset Management increased its stake in Bank of Commerce Holdings (CA) by 5.0% in the first quarter. LSV Asset Management now owns 200,594 shares of the financial services provider’s stock worth $2,146,000 after buying an additional 9,561 shares in the last quarter. 31.87% of the stock is owned by hedge funds and other institutional investors.
Bank of Commerce Holdings (CA) (NASDAQ:BOCH) last posted its earnings results on Friday, July 21st. The financial services provider reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.01. The firm 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 net margin of 19.12% and a return on equity of 9.61%.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Wednesday, July 5th were paid a $0.03 dividend. The ex-dividend date of this dividend was Friday, June 30th. This represents a $0.12 annualized dividend and a dividend yield of 1.15%. Bank of Commerce Holdings (CA)’s payout ratio is 17.91%.
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A number of research firms have issued reports on BOCH. Zacks Investment Research downgraded shares of Bank of Commerce Holdings (CA) from a “buy” rating to a “sell” rating in a report on Thursday, May 11th. ValuEngine raised shares of Bank of Commerce Holdings (CA) from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, DA Davidson assumed coverage on shares of Bank of Commerce Holdings (CA) in a report on Friday, May 19th. They issued a “neutral” rating and a $12.00 price objective for the company.
In other Bank of Commerce Holdings (CA) news, EVP Robert H. Muttera bought 5,000 shares of Bank of Commerce Holdings (CA) stock in a transaction dated Wednesday, May 10th. The stock was purchased at an average price of $10.50 per share, for a total transaction of $52,500.00. Following the completion of the purchase, the executive vice president now directly owns 86,611 shares of the company’s stock, valued at $909,415.50. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO James A. Sundquist bought 12,500 shares of Bank of Commerce Holdings (CA) stock in a transaction dated Wednesday, May 10th. The stock was acquired at an average price of $10.50 per share, with a total value of $131,250.00. Following the purchase, the chief financial officer now directly owns 84,238 shares of the company’s stock, valued at $884,499. The disclosure for this purchase can be found here. Insiders bought 28,500 shares of company stock valued at $299,250 in the last quarter. Corporate insiders own 7.50% of the company’s stock.
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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