Bank of New York Mellon Corp increased its stake in Bank of Commerce Holdings (CA) (NASDAQ:BOCH) by 14.2% during the first quarter, Holdings Channel reports. The firm owned 13,223 shares of the financial services provider’s stock after buying an additional 1,645 shares during the period. Bank of New York Mellon Corp’s holdings in Bank of Commerce Holdings (CA) were worth $142,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the company. Renaissance Technologies LLC increased its position in Bank of Commerce Holdings (CA) by 36.0% in the fourth quarter. Renaissance Technologies LLC now owns 68,800 shares of the financial services provider’s stock valued at $654,000 after buying an additional 18,200 shares during the period. LSV Asset Management increased its stake in Bank of Commerce Holdings (CA) by 5.0% in the first quarter. LSV Asset Management now owns 200,594 shares of the financial services provider’s stock worth $2,146,000 after buying an additional 9,561 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Bank of Commerce Holdings (CA) by 5.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 183,958 shares of the financial services provider’s stock worth $1,748,000 after buying an additional 9,988 shares during the last quarter. Essex Investment Management Co. LLC increased its stake in Bank of Commerce Holdings (CA) by 120.6% in the first quarter. Essex Investment Management Co. LLC now owns 106,236 shares of the financial services provider’s stock worth $1,137,000 after buying an additional 58,088 shares during the last quarter. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its stake in Bank of Commerce Holdings (CA) by 0.3% in the first quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 62,297 shares of the financial services provider’s stock worth $667,000 after buying an additional 195 shares during the last quarter. 34.53% of the stock is currently owned by hedge funds and other institutional investors.

Bank of Commerce Holdings (NASDAQ BOCH) traded down 1.49% during midday trading on Friday, reaching $9.95. 40,362 shares of the company were exchanged. The firm’s 50 day moving average price is $10.77 and its 200-day moving average price is $10.74. The stock has a market capitalization of $161.79 million, a P/E ratio of 15.12 and a beta of 0.44. Bank of Commerce Holdings has a 52 week low of $6.63 and a 52 week high of $11.90.

Bank of Commerce Holdings (CA) (NASDAQ:BOCH) last announced its earnings results on Friday, July 21st. The financial services provider reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.01. Bank of Commerce Holdings (CA) had a net margin of 19.12% and a return on equity of 8.88%. The company had revenue of $11.16 million for the quarter, compared to analysts’ expectations of $11.23 million. Equities analysts forecast that Bank of Commerce Holdings will post $0.63 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Wednesday, July 5th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, June 30th. This represents a $0.12 annualized dividend and a yield of 1.21%. Bank of Commerce Holdings (CA)’s dividend payout ratio (DPR) is presently 17.91%.

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BOCH has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Bank of Commerce Holdings (CA) from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research note on Tuesday, July 25th. DA Davidson initiated coverage on shares of Bank of Commerce Holdings (CA) in a research note on Friday, May 19th. They set a “neutral” rating and a $12.00 price target on the stock. Finally, ValuEngine raised shares of Bank of Commerce Holdings (CA) from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd.

Bank of Commerce Holdings (CA) Company Profile

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.

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Institutional Ownership by Quarter for Bank of Commerce Holdings (CA) (NASDAQ:BOCH)

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