Is Bank of Commerce Holdings (BOCH)’s Fuel Running High? The Stock Formed Double Top

September 16, 2018 - By Matthew Richard

Investors sentiment increased to 1.67 in 2018 Q2. 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.
Wellington Mgmt Group Ltd Liability Partnership has 0% invested in Bank of Commerce Holdings (NASDAQ:BOCH). Moreover, Basswood Capital Mgmt Ltd has 0.63% invested in Bank of Commerce Holdings (NASDAQ:BOCH). Brandywine Invest Mgmt Ltd Limited Liability Company accumulated 5,924 shares or 0% of the stock. Manufacturers Life Insurance The holds 0.01% or 379,519 shares. Da Davidson & Com invested 0% of its portfolio in Bank of Commerce Holdings (NASDAQ:BOCH). Deutsche Bancshares Ag reported 81,011 shares stake. First Tru L P has invested 0% in Bank of Commerce Holdings (NASDAQ:BOCH). Legal General Public Ltd Liability Co holds 2,236 shares or 0% of its portfolio. Dimensional Fund Advisors Ltd Partnership accumulated 373,390 shares. Bridgeway Management Inc invested in 254,081 shares. Ameritas Inv Prtn has 0% invested in Bank of Commerce Holdings (NASDAQ:BOCH) for 1,360 shares. First Mercantile Company invested 0.45% of its portfolio in Bank of Commerce Holdings (NASDAQ:BOCH). California State Teachers Retirement System holds 23,589 shares or 0% of its portfolio. Barclays Public Ltd invested in 0% or 1,137 shares. Vanguard Gp holds 707,134 shares or 0% of its portfolio.

Since May 1, 2018, it had 1 buying transaction, 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 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 earnings per share, up 22.22 % or $0.04 from last year’s $0.18 per share. BOCH’s profit will be $3.59 million for 14.72 P/E if the $0.22 EPS becomes a reality. After $0.22 actual earnings per share 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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