What’s Next for Bank of Commerce Holdings (BOCH) After Forming Double Top?

September 16, 2018 - By Harriett Tippett

Investors sentiment increased to 1.67 in Q2 2018. Its up 0.60, from 1.07 in 2018Q1. It increased, as 3 investors sold Bank of Commerce Holdings shares while 15 reduced holdings. 10 funds opened positions while 20 raised stakes. 8.87 million shares or 2.00% more from 8.69 million shares in 2018Q1 were reported.
The Pennsylvania-based Emerald Mutual Fund Advisers Trust has invested 0.2% in Bank of Commerce Holdings (NASDAQ:BOCH). Tiaa Cref Inv Mngmt Limited Co holds 0% or 35,020 shares in its portfolio. National Bank Of Montreal Can accumulated 109 shares or 0% of the stock. Morgan Stanley accumulated 47,451 shares or 0% of the stock. Martingale Asset Limited Partnership, Massachusetts-based fund reported 30,410 shares. Jcsd Llc has invested 2.48% in Bank of Commerce Holdings (NASDAQ:BOCH). First Mercantile Trust Co accumulated 177,309 shares or 0.45% of the stock. Earnest Limited Liability accumulated 0% or 2,100 shares. Legal And General Grp Public Limited Com holds 0% or 2,236 shares. Bnp Paribas Arbitrage Sa reported 528 shares. Wellington Mgmt Llp has 0% invested in Bank of Commerce Holdings (NASDAQ:BOCH) for 149,305 shares. Raymond James Associate holds 93,346 shares or 0% of its portfolio. Dimensional Fund Advsrs L P, Texas-based fund reported 373,390 shares. Banc Funds Limited Liability Corp invested 0.48% of its portfolio in Bank of Commerce Holdings (NASDAQ:BOCH). Rhumbline Advisers invested in 14,275 shares.

Since May 1, 2018, it had 1 insider purchase, and 0 insider sales for $48,103 activity.

The chart of Bank of Commerce Holdings (BOCH) shows a double top with $13.86 target or 7.00 % above today’s $12.95 share price. The 6 months chart pattern indicates low risk for the $211.32 million company. It was reported on Sep, 16 by Finviz.com. If the $13.86 price target is reached, the company will be worth $14.79 million more. Double tops are rare but powerful chart patterns.

The stock increased 0.39% or $0.05 during the last trading session, reaching $12.95. About 27,665 shares traded. Bank of Commerce Holdings (NASDAQ:BOCH) has risen 25.48% since September 16, 2017 and is uptrending. It has outperformed by 9.86% the S&P500.

Analysts await Bank of Commerce Holdings (NASDAQ:BOCH) to report earnings on October, 19. They expect $0.22 EPS, up 22.22 % or $0.04 from last year’s $0.18 per share. BOCH’s profit will be $3.59M for 14.72 P/E if the $0.22 EPS becomes a reality. After $0.22 actual EPS reported by Bank of Commerce Holdings for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

Bank of Commerce Holdings operates as the bank holding firm for Redding Bank of Commerce that provides a range of financial services and products for retail clients and small to medium sized businesses in California. The company has market cap of $211.32 million. The company's deposit products include checking, interest-bearing checking, money market, and savings accounts, as well as certificates of deposit. It has a 21.62 P/E ratio. The firm also offers commercial loans, commercial real estate loans, residential mortgages, consumer loans, construction loans, term loans, small business administration loans, and home equity loans.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: