Bank of Commerce Holdings (BOCH) Director Acquires $26,250.00 in Stock

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 hedge funds have recently made changes to their positions in BOCH. Context BH Capital Management LP boosted its position in Bank of Commerce by 328.3% during the 1st quarter. Context BH Capital Management LP now owns 495,406 shares of the financial services provider’s stock worth $5,227,000 after acquiring an additional 379,737 shares during the period. BlackRock Inc. boosted its position in Bank of Commerce by 10.3% during the 4th quarter. BlackRock Inc. now owns 961,059 shares of the financial services provider’s stock worth $10,532,000 after acquiring an additional 89,526 shares during the period. Pacific Ridge Capital Partners LLC boosted its position in Bank of Commerce by 19.1% during the 1st quarter. Pacific Ridge Capital Partners LLC now owns 445,746 shares of the financial services provider’s stock worth $4,703,000 after acquiring an additional 71,426 shares during the period. Dimensional Fund Advisors LP boosted its position in Bank of Commerce by 12.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 549,474 shares of the financial services provider’s stock worth $5,797,000 after acquiring an additional 61,165 shares during the period. Finally, Martingale Asset Management L P boosted its position in Bank of Commerce by 137.2% during the 4th quarter. Martingale Asset Management L P now owns 92,534 shares of the financial services provider’s stock worth $1,015,000 after acquiring an additional 53,519 shares during the period. Institutional investors own 48.79% of the company’s stock.

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.

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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.

Read More: What is the Ex-Dividend Date in Investing?

Insider Buying and Selling by Quarter for Bank of Commerce (NASDAQ:BOCH)

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