The stock of Bank of Commerce Holdings (NASDAQ:BOCH) hit a new 52-week high and has $8.87 target or 5.00% above today’s $8.45 share price. The 6 months bullish chart indicates low risk for the $114.24 million company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $8.87 price target is reached, the company will be worth $5.71 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 22,122 shares traded hands or 25.60% up from the average. Bank of Commerce Holdings (NASDAQ:BOCH) has risen 31.46% since April 28, 2016 and is uptrending. It has outperformed by 25.53% the S&P500.
Analysts await Bank of Commerce Holdings (NASDAQ:BOCH) to report earnings on January, 27. They expect $0.19 earnings per share, up 46.15% or $0.06 from last year’s $0.13 per share. BOCH’s profit will be $2.57M for 11.12 P/E if the $0.19 EPS becomes a reality. After $0.18 actual earnings per share reported by Bank of Commerce Holdings for the previous quarter, Wall Street now forecasts 5.56% EPS growth.
According to Zacks Investment Research, “Bank of Commerce Holdings is a financial service holding company that owns Redding Bank of Commerce, Roseville Bank of Commerce, a division of Redding Bank of Commerce and Bank of Commerce Mortgage, an affiliate of Redding Bank of Commerce and Roseville Bank of Commerce.”
Insitutional Activity: The institutional sentiment decreased to 1 in 2016 Q2. Its down 1.00, from 2 in 2016Q1. The ratio dropped, as 5 funds sold all Bank of Commerce Holdings shares owned while 5 reduced positions. 6 funds bought stakes while 14 increased positions. They now own 3.75 million shares or 4.90% less from 3.94 million shares in 2016Q1.
Banc Funds Limited Liability Com has 0.26% invested in the company for 681,851 shares. Schneider Capital Management holds 0.02% or 15,969 shares in its portfolio. Morgan Stanley last reported 2,370 shares in the company. Ladenburg Thalmann Fin Svcs last reported 0.01% of its portfolio in the stock. Jpmorgan Chase &, a New York-based fund reported 1,720 shares. Eagle Glob Advsrs Limited Co has 0.01% invested in the company for 62,880 shares. Wellington Group Incorporated Limited Liability Partnership, a Massachusetts-based fund reported 103,196 shares. Earnest Llc holds 0% of its portfolio in Bank of Commerce Holdings (NASDAQ:BOCH) for 2,100 shares. Dimensional Fund Advsr L P owns 174,071 shares or 0% of their US portfolio. The California-based Cetera Advisor Net Ltd has invested 0.02% in Bank of Commerce Holdings (NASDAQ:BOCH). First Mercantile has invested 0.16% of its portfolio in Bank of Commerce Holdings (NASDAQ:BOCH). Federated Invsts Pa holds 0% of its portfolio in Bank of Commerce Holdings (NASDAQ:BOCH) for 300 shares. Moab Cap Prns Limited Liability Corporation has 0.15% invested in the company for 71,079 shares. Wells Fargo And Com Mn last reported 1 shares in the company. Acadian Asset Mgmt Ltd Liability owns 2,414 shares or 0% of their US portfolio.
Insider Transactions: Since July 27, 2016, the stock had 3 insider purchases, and 0 insider sales for $84,583 net activity. $22,995 worth of Bank of Commerce Holdings (NASDAQ:BOCH) shares were bought by SILBERSTEIN KARL L. 5,000 shares with value of $32,600 were bought by Gibson Joseph on Wednesday, July 27.
More news for Bank of Commerce Holdings (NASDAQ:BOCH) were recently published by: Globenewswire.com, which released: “Bank of Commerce Holdings Announces New Director, Karl L. Silberstein” on June 22, 2016. Bizjournals.com‘s article titled: “Sarasota bank company bankruptcy one of largest recent filings” and published on October 05, 2016 is yet another important article.
BOCH Company Profile
Bank of Commerce Holdings (Holding Company), incorporated on January 21, 1982, is a bank holding company. The Company’s principal business is to serve as a holding firm for Redding Bank of Commerce (Bank), which operates under two separate names (Redding Bank of Commerce and Sacramento Bank of Commerce, a division of Redding Bank of Commerce). It also has an unconsolidated subsidiary, Bank of Commerce Holdings Trust II, which was organized in connection with the Company’s prior issuances of trust preferred securities.
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