Bank of Commerce Holdings (CA) (BOCH) Shares Bought by Foundry Partners LLC

Foundry Partners LLC raised its position in Bank of Commerce Holdings (CA) (NASDAQ:BOCH) by 8.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 177,005 shares of the financial services provider’s stock after purchasing an additional 13,875 shares during the quarter. Foundry Partners LLC owned 1.09% of Bank of Commerce Holdings (CA) worth $2,036,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BOCH. Wellington Management Group LLP increased its position in shares of Bank of Commerce Holdings (CA) by 222.9% in the first quarter. Wellington Management Group LLP now owns 333,184 shares of the financial services provider’s stock valued at $3,565,000 after acquiring an additional 229,988 shares during the last quarter. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Bank of Commerce Holdings (CA) in the second quarter valued at approximately $4,692,000. Dimensional Fund Advisors LP raised its position in shares of Bank of Commerce Holdings (CA) by 12.2% in the first quarter. Dimensional Fund Advisors LP now owns 206,327 shares of the financial services provider’s stock valued at $2,208,000 after buying an additional 22,369 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Bank of Commerce Holdings (CA) by 2.4% in the first quarter. Vanguard Group Inc. now owns 666,055 shares of the financial services provider’s stock valued at $7,127,000 after buying an additional 15,800 shares in the last quarter. Finally, Banc Funds Co. LLC raised its position in shares of Bank of Commerce Holdings (CA) by 16.4% in the second quarter. Banc Funds Co. LLC now owns 1,067,326 shares of the financial services provider’s stock valued at $11,794,000 after buying an additional 150,000 shares in the last quarter. 51.71% of the stock is currently owned by hedge funds and other institutional investors.

Bank of Commerce Holdings (NASDAQ BOCH) opened at $11.55 on Wednesday. The stock has a market cap of $189.56, a PE ratio of 17.39, a PEG ratio of 2.43 and a beta of 0.44. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.23. Bank of Commerce Holdings has a 1 year low of $7.20 and a 1 year high of $12.40.

Bank of Commerce Holdings (CA) (NASDAQ:BOCH) last posted its earnings results on Friday, October 20th. The financial services provider reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.02. The company had revenue of $11.58 million for the quarter, compared to analyst estimates of $11.67 million. Bank of Commerce Holdings (CA) had a net margin of 19.58% and a return on equity of 9.13%. research analysts forecast that Bank of Commerce Holdings will post 0.69 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Tuesday, October 3rd were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date was Monday, October 2nd. Bank of Commerce Holdings (CA)’s dividend payout ratio is currently 17.91%.

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Several research analysts have recently issued reports on BOCH shares. ValuEngine downgraded shares of Bank of Commerce Holdings (CA) from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd. Zacks Investment Research raised shares of Bank of Commerce Holdings (CA) from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research note on Tuesday, October 24th.

About Bank of Commerce Holdings (CA)

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.

Institutional Ownership by Quarter for Bank of Commerce Holdings (CA) (NASDAQ:BOCH)

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