Bank of Commerce (BOCH) Downgraded by ValuEngine

ValuEngine lowered shares of Bank of Commerce (NASDAQ:BOCH) from a strong-buy rating to a buy rating in a research note published on Friday morning.

Separately, Zacks Investment Research lowered shares of Bank of Commerce from a buy rating to a hold rating in a research report on Thursday, September 14th.

Shares of Bank of Commerce (NASDAQ:BOCH) traded up $0.15 on Friday, reaching $12.25. 41,200 shares of the company traded hands, compared to its average volume of 50,632. The company has a market capitalization of $199.33, a price-to-earnings ratio of 18.28, a PEG ratio of 2.55 and a beta of 0.42. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.85 and a current ratio of 0.85. Bank of Commerce has a 52-week low of $8.55 and a 52-week high of $12.40.

Bank of Commerce (NASDAQ:BOCH) last issued its quarterly earnings data on Friday, October 20th. The financial services provider reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.02. The firm had revenue of $11.58 million for the quarter, compared to analyst estimates of $11.67 million. Bank of Commerce had a net margin of 19.58% and a return on equity of 8.66%. research analysts expect that Bank of Commerce will post 0.69 EPS for the current year.

Large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in shares of Bank of Commerce in the third quarter valued at approximately $109,000. GSA Capital Partners LLP bought a new position in shares of Bank of Commerce in the second quarter valued at approximately $111,000. Nationwide Fund Advisors raised its position in shares of Bank of Commerce by 512.7% in the second quarter. Nationwide Fund Advisors now owns 10,023 shares of the financial services provider’s stock valued at $111,000 after purchasing an additional 8,387 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of Bank of Commerce in the third quarter valued at approximately $122,000. Finally, D.A. Davidson & CO. bought a new position in shares of Bank of Commerce in the third quarter valued at approximately $136,000. 52.21% of the stock is currently owned by institutional investors.

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About Bank of Commerce

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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