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.

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