In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Bank Of Commerce Holdings (NASDAQ:BOCH) reported that EJF Capital has picked up 881,952 of common stock as of 2017-06-30.
The acquisition brings the aggregate amount owned by EJF Capital to a total of 881,952 representing a 5.4% stake in the company.
For those not familiar with the company, 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. The Bank provides a range of financial services and products for business and retail customers. Its principal products include various types of accounts, such as checking, interest-bearing checking, savings, certificate of deposit and money market deposit. It also offers sweep arrangements, commercial loans, construction loans, term loans, safe deposit boxes and electronic banking services. The primary focus of the Bank is to provide banking and related services to small and mid-sized businesses and not-for-profit organizations, as well as banking services for consumers, primarily business owners and their employees.
A glance at Bank Of Commerce Holdings (NASDAQ:BOCH) key stats reveals a current market capitalization of $176.52 Million based on $15.90 Million shares outstanding and a price at last close of $11.05 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-05-10, Bennett picked up 5,000 at a purchase price of $10.50. This brings their total holding to 63,264 as of the date of the filing.
On the sell side, the most recent transaction saw Miles unload 3,450 shares at a sale price of $4.17. This brings their total holding to 0.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an Bank Of Commerce Holdings (NASDAQ:BOCH) as things move forward to see if its progress aligns with these transactions.
Subscribe below and we’ll keep you on top of what’s happening before it moves markets.