Bank of Commerce Holdings (BOCH) CFO Acquires $28,125.00 in Stock

Bank of Commerce Holdings (NASDAQ:BOCH) CFO James A. Sundquist bought 2,500 shares of the stock in a transaction dated Monday, February 5th. The stock was bought at an average cost of $11.25 per share, with a total value of $28,125.00. Following the purchase, the chief financial officer now owns 108,499 shares in the company, valued at approximately $1,220,613.75. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.

Bank of Commerce Holdings (NASDAQ BOCH) opened at $10.90 on Friday. The company has a market capitalization of $180.62, a P/E ratio of 17.08, a price-to-earnings-growth ratio of 2.03 and a beta of 0.37. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.22. Bank of Commerce Holdings has a 52-week low of $9.54 and a 52-week high of $12.40.

Bank of Commerce (NASDAQ:BOCH) last announced its earnings results on Friday, January 19th. The financial services provider reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.04). Bank of Commerce had a return on equity of 8.42% and a net margin of 14.47%. The firm had revenue of $12.15 million during the quarter, compared to the consensus estimate of $12.18 million. equities research analysts forecast that Bank of Commerce Holdings will post 0.78 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Tuesday, January 2nd were given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend was Friday, December 29th. Bank of Commerce’s dividend payout ratio is currently 24.00%.

Several large investors have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. purchased a new stake in shares of Bank of Commerce in the 2nd quarter worth approximately $302,000. Rhumbline Advisers purchased a new stake in shares of Bank of Commerce in the 2nd quarter worth approximately $178,000. Bank of New York Mellon Corp grew its stake in shares of Bank of Commerce by 366.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 61,720 shares of the financial services provider’s stock worth $682,000 after buying an additional 48,497 shares during the last quarter. Teachers Advisors LLC purchased a new stake in Bank of Commerce during the 2nd quarter valued at $311,000. Finally, TIAA CREF Investment Management LLC purchased a new stake in Bank of Commerce during the 2nd quarter valued at $471,000. 52.25% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have recently weighed in on BOCH. Zacks Investment Research lowered Bank of Commerce from a “hold” rating to a “sell” rating in a research note on Thursday. ValuEngine lowered Bank of Commerce from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st.

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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.

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