ValuEngine cut shares of Bank of Commerce (NASDAQ:BOCH) from a hold rating to a sell rating in a research report sent to investors on Wednesday morning.

BOCH has been the subject of several other research reports. Zacks Investment Research downgraded shares of Bank of Commerce from a strong-buy rating to a hold rating in a research note on Monday, September 24th. DA Davidson decreased their target price on shares of Bank of Commerce from $14.00 to $13.50 and set a neutral rating for the company in a research note on Tuesday, October 9th.

Shares of BOCH opened at $11.10 on Wednesday. Bank of Commerce has a fifty-two week low of $8.40 and a fifty-two week high of $13.20. The stock has a market cap of $181.30 million, a PE ratio of 17.34, a price-to-earnings-growth ratio of 1.74 and a beta of 0.41. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.88 and a quick ratio of 0.88.

Bank of Commerce (NASDAQ:BOCH) last announced its earnings results on Friday, October 19th. The financial services provider reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.03. Bank of Commerce had a net margin of 19.75% and a return on equity of 10.35%. The business had revenue of $13.07 million during the quarter, compared to the consensus estimate of $12.85 million. On average, sell-side analysts anticipate that Bank of Commerce will post 0.91 EPS for the current year.

In other news, CFO James A. Sundquist purchased 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 24th. The stock was purchased at an average cost of $11.49 per share, with a total value of $114,900.00. Following the completion of the acquisition, the chief financial officer now directly owns 116,999 shares of the company’s stock, valued at approximately $1,344,318.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Joseph Gibson purchased 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 23rd. The shares were purchased at an average cost of $11.50 per share, with a total value of $28,750.00. The disclosure for this purchase can be found here. Insiders have purchased 13,500 shares of company stock valued at $155,120 over the last three months. 6.41% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. LPL Financial LLC purchased a new position in Bank of Commerce during the third quarter worth about $122,000. JPMorgan Chase & Co. raised its holdings in Bank of Commerce by 672.5% during the third quarter. JPMorgan Chase & Co. now owns 23,694 shares of the financial services provider’s stock worth $289,000 after purchasing an additional 20,627 shares in the last quarter. Bailard Inc. purchased a new position in Bank of Commerce during the third quarter worth about $310,000. Martingale Asset Management L P raised its holdings in Bank of Commerce by 28.3% during the third quarter. Martingale Asset Management L P now owns 39,015 shares of the financial services provider’s stock worth $476,000 after purchasing an additional 8,605 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in Bank of Commerce by 2,671.9% during the second quarter. Bank of America Corp DE now owns 42,632 shares of the financial services provider’s stock worth $544,000 after purchasing an additional 41,094 shares in the last quarter. 55.90% of the stock is owned by hedge funds and other institutional investors.

About Bank of Commerce

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. The company's deposit products include checking, interest-bearing checking, money market, and savings accounts, as well as certificates of deposit.

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