Time to Buy Bank of Commerce Holdings (BOCH) After The Completion of This Wedge Up Pattern?

June 19, 2017 - By Richard Conner

Investors sentiment increased to 1.9 in Q4 2016. Its up 0.90, from 1 in 2016Q3. It increased, 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.
Blackrock Invest Management Ltd Liability Corporation accumulated 1,974 shares or 0% of the stock. Blackrock Fund owns 0% invested in Bank of Commerce Holdings (NASDAQ:BOCH) for 48,076 shares. Eagle Global Ltd Limited Liability Company stated it has 0.01% in Bank of Commerce Holdings (NASDAQ:BOCH). Banc Funds Commerce, Illinois-based fund reported 907,526 shares. Pacific Ridge Capital Ptnrs Ltd Co stated it has 1.19% in Bank of Commerce Holdings (NASDAQ:BOCH). Moreover, Hanson Mcclain Inc has 0.01% invested in Bank of Commerce Holdings (NASDAQ:BOCH) for 10,387 shares. Cetera Advisor Ntwk Ltd Llc reported 44,892 shares stake. Essex Management Ltd Llc has invested 0.08% in Bank of Commerce Holdings (NASDAQ:BOCH). Earnest Ptnrs Llc reported 2,100 shares. First Wilshire Secs invested in 148,950 shares or 0.4% of the stock. New York-based Arbiter Partners Cap Mngmt Ltd has invested 0.09% in Bank of Commerce Holdings (NASDAQ:BOCH). The Massachusetts-based Acadian Asset Mngmt Ltd Liability has invested 0% in Bank of Commerce Holdings (NASDAQ:BOCH). Dimensional Fund Limited Partnership has 0% invested in Bank of Commerce Holdings (NASDAQ:BOCH) for 183,958 shares. Renaissance Technology Limited Company holds 0% of its portfolio in Bank of Commerce Holdings (NASDAQ:BOCH) for 68,800 shares. The California-based California Public Employees Retirement has invested 0% in Bank of Commerce Holdings (NASDAQ:BOCH).

Since May 10, 2017, it had 10 insider purchases, and 0 sales for $666,750 activity. Gibson Joseph also bought $73,500 worth of Bank of Commerce Holdings (NASDAQ:BOCH) on Wednesday, May 10. MILES LINDA J bought $26,250 worth of Bank of Commerce Holdings (NASDAQ:BOCH) on Wednesday, May 10. 1,000 shares valued at $10,500 were bought by Jimenez Samuel D on Wednesday, May 10. On Wednesday, May 10 Sundquist James A bought $131,250 worth of Bank of Commerce Holdings (NASDAQ:BOCH) or 12,500 shares. Another trade for 10,000 shares valued at $105,000 was bought by Street Terence John. 5,000 Bank of Commerce Holdings (NASDAQ:BOCH) shares with value of $52,500 were bought by BENNETT ORIN N. Halfhide Jon also bought $63,000 worth of Bank of Commerce Holdings (NASDAQ:BOCH) on Wednesday, May 10.

The stock of Bank of Commerce Holdings (BOCH) formed an up wedge with $11.93 target or 8.00 % above today’s $11.05 share price. The 5 months wedge indicates low risk for the $176.51 million company. If the $11.93 price target is reached, the company will be worth $14.12 million more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

About 13,419 shares traded. Bank of Commerce Holdings (NASDAQ:BOCH) has risen 77.60% since June 19, 2016 and is uptrending. It has outperformed by 60.90% the S&P500.

Analysts expect Bank of Commerce Holdings (NASDAQ:BOCH) to report $0.20 EPS on July, 28.They anticipate $0.09 EPS change or 81.82 % from last quarter’s $0.11 EPS. BOCH’s profit would be $3.19 million giving it 13.81 P/E if the $0.20 EPS is correct. After having $0.17 EPS previously, Bank of Commerce Holdings’s analysts see 17.65 % EPS growth.

Another recent and important Bank of Commerce Holdings (NASDAQ:BOCH) news was published by Sacbee.com which published an article titled: “Redding banking firm moving corporate headquarters to Sacramento” on April 24, 2017.

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