Somewhat Positive Press Coverage Somewhat Unlikely to Affect Bank of Commerce (BOCH) Share Price

Headlines about Bank of Commerce (NASDAQ:BOCH) have been trending somewhat positive on Thursday, Accern reports. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Bank of Commerce earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 44.8658455737785 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Shares of Bank of Commerce stock opened at $11.85 on Thursday. The stock has a market cap of $192.01, a P/E ratio of 23.70, a P/E/G ratio of 2.16 and a beta of 0.44. Bank of Commerce has a 1 year low of $9.90 and a 1 year high of $12.40. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.21.

Bank of Commerce (NASDAQ:BOCH) last posted its earnings results on Friday, January 19th. The financial services provider reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.04). The business 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 8.24% and a net margin of 14.47%. analysts expect that Bank of Commerce will post 0.78 earnings per share for the current year.

A number of research firms recently issued reports on BOCH. ValuEngine downgraded shares of Bank of Commerce from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research downgraded shares of Bank of Commerce from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th.

In related news, EVP Robert H. Muttera purchased 4,780 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was purchased at an average price of $11.50 per share, for a total transaction of $54,970.00. Following the acquisition, the executive vice president now directly owns 90,156 shares in the company, valued at $1,036,794. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO James A. Sundquist purchased 3,500 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was bought at an average price of $10.97 per share, with a total value of $38,395.00. Following the acquisition, the chief financial officer now owns 110,999 shares in the company, valued at $1,217,659.03. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 18,003 shares of company stock valued at $204,655. 6.92% of the stock is owned by company insiders.

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About Bank of Commerce

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.

Insider Buying and Selling by Quarter for Bank of Commerce (NASDAQ:BOCH)

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