Zacks Investment Research cut shares of Bank of Commerce (NASDAQ:BOCH) from a hold rating to a sell rating in a report released on Thursday.

According to Zacks, “Bank of Commerce Holdings is a financial service holding company that owns Redding Bank of Commerce, Roseville Bank of Commerce, a division of Redding Bank of Commerce and Bank of Commerce Mortgage, an affiliate of Redding Bank of Commerce and Roseville Bank of Commerce. “

Separately, ValuEngine cut Bank of Commerce from a strong-buy rating to a buy rating in a research note on Friday, December 1st.

Bank of Commerce (NASDAQ BOCH) opened at $11.05 on Thursday. The company has a market capitalization of $179.81, a PE ratio of 22.10, a price-to-earnings-growth ratio of 2.02 and a beta of 0.37. Bank of Commerce has a one year low of $9.54 and a one year high of $12.40. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.85 and a current ratio of 0.85.

Bank of Commerce (NASDAQ:BOCH) last issued its quarterly earnings data on Friday, January 19th. The financial services provider reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.04). The company had revenue of $12.15 million for the quarter, compared to analyst estimates of $12.18 million. Bank of Commerce had a return on equity of 8.42% and a net margin of 14.47%. sell-side analysts expect that Bank of Commerce will post 0.78 EPS for the current year.

In other Bank of Commerce news, Director Lyle L. Tullis purchased 4,500 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were acquired at an average price of $11.55 per share, for a total transaction of $51,975.00. Following the completion of the purchase, the director now owns 255,365 shares in the company, valued at approximately $2,949,465.75. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO James A. Sundquist purchased 2,500 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was acquired at an average price of $11.25 per share, for a total transaction of $28,125.00. Following the purchase, the chief financial officer now owns 108,499 shares of the company’s stock, valued at approximately $1,220,613.75. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 14,503 shares of company stock worth $166,260. Insiders own 6.92% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Nationwide Fund Advisors lifted its stake in shares of Bank of Commerce by 512.7% in the second quarter. Nationwide Fund Advisors now owns 10,023 shares of the financial services provider’s stock worth $111,000 after acquiring an additional 8,387 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Bank of Commerce by 1.3% in the fourth quarter. BlackRock Inc. now owns 724,864 shares of the financial services provider’s stock worth $8,337,000 after acquiring an additional 9,216 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Bank of Commerce in the third quarter worth about $109,000. GSA Capital Partners LLP acquired a new position in shares of Bank of Commerce in the second quarter worth about $111,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Bank of Commerce in the third quarter worth about $122,000. Institutional investors and hedge funds own 52.25% of the company’s stock.

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Bank of Commerce 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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