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Trade Alert: The Independent Chairman of the Board Of Bank of Commerce Holdings (NASDAQ:BOCH), Lyle Tullis, Has Just Spent US$138k Buying 6.5% More Shares

Simply Wall St
·3 mins read

Potential Bank of Commerce Holdings (NASDAQ:BOCH) shareholders may wish to note that the Independent Chairman of the Board, Lyle Tullis, recently bought US$138k worth of stock, paying US$6.88 for each share. Although the purchase only increased their holding by 6.5%, it is still a solid purchase in our view.

Check out our latest analysis for Bank of Commerce Holdings

The Last 12 Months Of Insider Transactions At Bank of Commerce Holdings

In fact, the recent purchase by Lyle Tullis was the biggest purchase of Bank of Commerce Holdings shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, at around the current price, which is US$7.35. That means they have been optimistic about the company in the past, though they may have changed their mind. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. In this case we're pleased to report that the insider purchases were made at close to current prices.

In the last twelve months Bank of Commerce Holdings insiders were buying shares, but not selling. They paid about US$8.34 on average. This is nice to see since it implies that insiders might see value around current prices. The chart below shows insider transactions (by individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

NasdaqGM:BOCH Recent Insider Trading April 25th 2020
NasdaqGM:BOCH Recent Insider Trading April 25th 2020

Bank of Commerce Holdings is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Does Bank of Commerce Holdings Boast High Insider Ownership?

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. Our data indicates that Bank of Commerce Holdings insiders own about US$7.5m worth of shares (which is 5.9% of the company). Whilst better than nothing, we're not overly impressed by these holdings.

So What Do The Bank of Commerce Holdings Insider Transactions Indicate?

The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Bank of Commerce Holdings stock. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. At Simply Wall St, we've found that Bank of Commerce Holdings has 4 warning signs (1 can't be ignored!) that deserve your attention before going any further with your analysis.

Of course Bank of Commerce Holdings may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.