Insider Buying: Bank of Commerce Holdings (BOCH) CFO Acquires 3,500 Shares of Stock
Bank of Commerce Holdings (NASDAQ:BOCH) CFO James A. Sundquist purchased 3,500 shares of Bank of Commerce stock in a transaction on Friday, February 9th. The stock was bought at an average cost of $10.97 per share, with a total value of $38,395.00. Following the completion of the acquisition, the chief financial officer now owns 110,999 shares in the company, valued at $1,217,659.03. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Bank of Commerce Holdings (NASDAQ:BOCH) opened at $11.05 on Tuesday. Bank of Commerce Holdings has a one year low of $9.54 and a one year high of $12.40. The stock has a market cap of $179.81, a price-to-earnings ratio of 22.10, a PEG ratio of 2.02 and a beta of 0.37. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.22.
Bank of Commerce (NASDAQ:BOCH) last announced its quarterly earnings data on Friday, January 19th. The financial services provider reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04). Bank of Commerce had a net margin of 14.47% and a return on equity of 8.42%. The business had revenue of $12.15 million during the quarter, compared to analyst estimates of $12.18 million. sell-side analysts forecast that Bank of Commerce Holdings will post 0.78 earnings per share for the current year.
Several hedge funds have recently made changes to their positions in BOCH. SG Americas Securities LLC acquired a new stake in shares of Bank of Commerce during the 3rd quarter worth about $109,000. Nationwide Fund Advisors increased its position in shares of Bank of Commerce by 512.7% during the 2nd quarter. Nationwide Fund Advisors now owns 10,023 shares of the financial services provider’s stock worth $111,000 after purchasing an additional 8,387 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Bank of Commerce during the 2nd quarter worth about $111,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Bank of Commerce during the 3rd quarter worth about $122,000. Finally, D.A. Davidson & CO. acquired a new stake in shares of Bank of Commerce during the 3rd quarter worth about $136,000. Institutional investors own 52.21% of the company’s stock.
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.
Receive News & Ratings for Bank of Commerce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Commerce and related companies with MarketBeat.com's FREE daily email newsletter.