Essex Investment Management Co. LLC Raises Stake in Bank of Commerce Holdings (CA) (NASDAQ:BOCH)

Essex Investment Management Co. LLC increased its stake in Bank of Commerce Holdings (CA) (NASDAQ:BOCH) by 42.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,846 shares of the financial services provider’s stock after buying an additional 45,610 shares during the period. Essex Investment Management Co. LLC owned about 1.13% of Bank of Commerce Holdings (CA) worth $1,678,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Emerald Mutual Fund Advisers Trust bought a new stake in Bank of Commerce Holdings (CA) during the second quarter valued at $4,692,000. Wellington Management Group LLP raised its stake in Bank of Commerce Holdings (CA) by 222.9% in the first quarter. Wellington Management Group LLP now owns 333,184 shares of the financial services provider’s stock valued at $3,565,000 after buying an additional 229,988 shares during the period. Geode Capital Management LLC bought a new stake in Bank of Commerce Holdings (CA) during the first quarter valued at $1,141,000. Acadian Asset Management LLC raised its stake in Bank of Commerce Holdings (CA) by 176.6% in the first quarter. Acadian Asset Management LLC now owns 60,325 shares of the financial services provider’s stock valued at $647,000 after buying an additional 38,512 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Bank of Commerce Holdings (CA) by 12.2% in the first quarter. Dimensional Fund Advisors LP now owns 206,327 shares of the financial services provider’s stock valued at $2,208,000 after buying an additional 22,369 shares during the period. Hedge funds and other institutional investors own 34.79% of the company’s stock.

Bank of Commerce Holdings (BOCH) opened at 10.30 on Friday. Bank of Commerce Holdings has a 12 month low of $6.67 and a 12 month high of $11.90. The firm has a 50-day moving average price of $10.63 and a 200 day moving average price of $10.76. The company has a market capitalization of $167.48 million, a P/E ratio of 15.65 and a beta of 0.44.

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

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BOCH has been the subject of several analyst reports. Zacks Investment Research upgraded Bank of Commerce Holdings (CA) from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. DA Davidson initiated coverage on Bank of Commerce Holdings (CA) in a report on Friday, May 19th. They issued a “neutral” rating and a $12.00 target price for the company. Finally, ValuEngine upgraded Bank of Commerce Holdings (CA) from a “hold” rating to a “buy” rating in a report on Friday, June 2nd.

About Bank of Commerce Holdings (CA)

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.

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

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