DA Davidson Says Its Time To “Neutral” Bank of Commerce Holdings (CA) (NASDAQ:BOCH). Will Stock Hit Their Target of $12.00?

May 19, 2017 - By Darrin Black

 DA Davidson Says Its Time To

Why Has DA Davidson Given Bank of Commerce Holdings (CA) (NASDAQ:BOCH) a $12.00 Price Target

DA Davidson started its coverage for Bank of Commerce Holdings (CA) (NASDAQ:BOCH), this morning 19 May. The firm found the stock of BOCH quite attractive and now has a PT of $12.00 with a key “Neutral” rating.

About 44,489 shares traded. Bank of Commerce Holdings (NASDAQ:BOCH) has risen 6.00% since April 19, 2017 and is uptrending. It has by 0.00% the S&P500.

Analysts await Bank of Commerce Holdings (NASDAQ:BOCH) to report earnings on July, 28. They expect $0.20 earnings per share, up 81.82 % or $0.09 from last year’s $0.11 per share. BOCH’s profit will be $3.20M for 13.56 P/E if the $0.20 EPS becomes a reality. After $0.17 actual earnings per share reported by Bank of Commerce Holdings for the previous quarter, Wall Street now forecasts 17.65 % EPS growth.

Investors sentiment increased to 1.9 in 2016 Q4. Its up 0.90, from 1 in 2016Q3. It is positive, as 2 investors sold Bank of Commerce Holdings shares while 8 reduced holdings. 6 funds opened positions while 13 raised stakes. 4.55 million shares or 8.24% more from 4.20 million shares in 2016Q3 were reported.

Spark Invest Ltd Co stated it has 15,000 shares. Wellington Gp Limited Liability Partnership has 0% invested in Bank of Commerce Holdings (NASDAQ:BOCH) for 103,196 shares. Banc Funds Ltd Liability Corp holds 0.37% or 907,526 shares. Cetera Advisor Ntwk holds 44,892 shares or 0.02% of its portfolio. The New York-based Morgan Stanley has invested 0% in Bank of Commerce Holdings (NASDAQ:BOCH). Bankshares Of Mellon Corporation stated it has 0% of its portfolio in Bank of Commerce Holdings (NASDAQ:BOCH). Deutsche Bancshares Ag has invested 0% of its portfolio in Bank of Commerce Holdings (NASDAQ:BOCH). Blackrock Invest Management Lc stated it has 0% in Bank of Commerce Holdings (NASDAQ:BOCH). Hanson Mcclain, California-based fund reported 10,387 shares. Vanguard reported 650,255 shares or 0% of all its holdings. Acadian Asset Ltd Liability Com, Massachusetts-based fund reported 21,813 shares. First Mercantile holds 0.27% or 185,692 shares in its portfolio. 186,280 were accumulated by Foundry Limited Co. Zpr Investment Mgmt owns 10,139 shares. Moreover, Nationwide Fund Advisors has 0% invested in Bank of Commerce Holdings (NASDAQ:BOCH) for 1,636 shares.

Since May 10, 2017, it had 10 insider purchases, and 0 selling transactions for $666,750 activity. The insider Muttera Robert H bought $52,500. 2,500 shares valued at $26,250 were bought by MILES LINDA J on Wednesday, May 10. Jimenez Samuel D also bought $10,500 worth of Bank of Commerce Holdings (NASDAQ:BOCH) shares. $105,000 worth of Bank of Commerce Holdings (NASDAQ:BOCH) shares were bought by TULLIS LYLE L. 4,500 shares were bought by SILBERSTEIN KARL L, worth $47,250 on Wednesday, May 10. Street Terence John also bought $105,000 worth of Bank of Commerce Holdings (NASDAQ:BOCH) on Wednesday, May 10. Shares for $52,500 were bought by BENNETT ORIN N.

Bank of Commerce Holdings is a bank holding company. The company has market cap of $173.33 million. 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). It has a 17.25 P/E ratio. The Bank operates over four full service facilities in two diverse markets in Northern California.

More notable recent Bank of Commerce Holdings (NASDAQ:BOCH) news were published by: Globenewswire.com which released: “Bank of Commerce Holdings Announces Closing of Public Offering and Full …” on May 10, 2017, also Globenewswire.com with their article: “Bank of Commerce Holdings Announces Pricing of Public Offering of Common Stock” published on May 05, 2017, Globenewswire.com published: “Bank of Commerce Holdings Announces Public Offering of Common Stock” on May 01, 2017. More interesting news about Bank of Commerce Holdings (NASDAQ:BOCH) were released by: Globenewswire.com and their article: “Bank of Commerce Holdings Announces Relocation of Headquarters” published on April 24, 2017 as well as Reuters.com‘s news article titled: “BRIEF-Bank of Commerce Holdings Q1 earnings per share $0.17” with publication date: April 20, 2017.

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