Trade Report: Today, Foundry Partners LLC cuts position of Bank of Commerce Holdings (BOCH)

Today, Foundry Partners LLC cuts position of Bank of Commerce Holdings (BOCH)

Foundry Partners LLC lowered its position in shares of Bank of Commerce Holdings (NASDAQ:BOCH) by 28.8% during the third quarter, Holdings Channel reports. The institutional investor owned 140,230 shares of the financial services provider’s stock after selling 56,611 shares during the period. Foundry Partners LLC owned about 1.05% of Bank of Commerce Holdings worth $1,010,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of BOCH. First Manhattan Co. boosted its stake in Bank of Commerce Holdings by 18.2% in the second quarter. First Manhattan Co. now owns 32,500 shares of the financial services provider’s stock worth $214,000 after buying an additional 5,000 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its stake in Bank of Commerce Holdings by 0.5% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 61,554 shares of the financial services provider’s stock worth $406,000 after buying an additional 292 shares in the last quarter. Eagle Global Advisors LLC acquired a new stake in Bank of Commerce Holdings during the second quarter worth approximately $415,000. Context BH Capital Management LP boosted its stake in Bank of Commerce Holdings by 12.0% in the second quarter. Context BH Capital Management LP now owns 92,567 shares of the financial services provider’s stock worth $611,000 after buying an additional 9,914 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Bank of Commerce Holdings by 5.7% in the second quarter. Dimensional Fund Advisors LP now owns 174,071 shares of the financial services provider’s stock worth $1,149,000 after buying an additional 9,420 shares in the last quarter. 30.55% of the stock is currently owned by institutional investors and hedge funds.

Shares of Bank of Commerce Holdings (NASDAQ:BOCH) remained flat at $8.15 on Friday. 2,755 shares of the stock traded hands. The firm has a 50 day moving average of $7.48 and a 200-day moving average of $6.86. Bank of Commerce Holdings has a 52-week low of $5.05 and a 52-week high of $8.25. The firm has a market cap of $108.96 million, a price-to-earnings ratio of 23.29 and a beta of 0.63.

Bank of Commerce Holdings (NASDAQ:BOCH) last announced its quarterly earnings data on Friday, October 21st. The financial services provider reported $0.18 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.18. Bank of Commerce Holdings had a net margin of 11.18% and a return on equity of 8.29%. Equities research analysts expect that Bank of Commerce Holdings will post $0.41 EPS for the current fiscal year.

BOCH has been the subject of a number of research analyst reports. Zacks Investment Research lowered Bank of Commerce Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, August 10th. TheStreet upgraded Bank of Commerce Holdings from a “hold” rating to a “buy” rating in a research report on Monday, August 15th.

In other Bank of Commerce Holdings news, Director Karl L. Silberstein purchased 4,000 shares of the stock in a transaction on Tuesday, November 1st. The shares were bought at an average cost of $7.25 per share, with a total value of $29,000.00. Following the completion of the acquisition, the director now owns 3,500 shares in the company, valued at $25,375. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 7.50% of the stock is currently owned by company insiders.

Bank of Commerce Holdings 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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