Bank of Commerce Holdings (NASDAQ:BOCH) Director Joseph Gibson purchased 2,500 shares of Bank of Commerce stock in a transaction on Wednesday, May 15th. The shares were acquired at an average price of $10.50 per share, with a total value of $26,250.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
BOCH stock traded up $0.09 during trading on Thursday, reaching $10.54. 391 shares of the company’s stock were exchanged, compared to its average volume of 26,818. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.87 and a current ratio of 0.87. Bank of Commerce Holdings has a 1-year low of $8.40 and a 1-year high of $13.20. The firm has a market capitalization of $188.70 million, a PE ratio of 12.11, a price-to-earnings-growth ratio of 1.72 and a beta of 0.57.
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Tuesday, April 9th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Monday, April 8th. This represents a $0.16 dividend on an annualized basis and a yield of 1.52%. Bank of Commerce’s dividend payout ratio (DPR) is presently 18.39%.
A number of brokerages have issued reports on BOCH. Zacks Investment Research lowered Bank of Commerce from a “hold” rating to a “sell” rating in a research report on Wednesday, April 24th. ValuEngine lowered Bank of Commerce from a “hold” rating to a “sell” rating in a research report on Tuesday, March 5th.
Bank of Commerce Company Profile
Bank of Commerce Holdings operates as the bank holding company for Redding Bank of Commerce that provides a range of financial services and products for retail customers and small to medium-sized businesses in California. Its deposit products include checking, interest-bearing checking, money market, and savings accounts, as well as certificates of deposit.
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