Benj Gallander Bank of Commerce Holdings (CA) BOCH-Q COMMENT Feb 03, 2015

(A Top Pick Aug 25/11. Up 27.21%.) California-based bank, so some people don’t like it. Capitalization ratios are excellent. Pays a $.03 a quarter dividend so he is getting about 3%. Make money every year in the recession. He has a target price of better than $10.

Still holds it, likes it and it is a buy. 3% dividend, made money every single year during the recession. Happy to hold it.

(A Top Pick Dec 6/11. Up 38.39%.) Very small California bank. Made money every year in the recession. Good capitalization ratios. Likes that they pay a $.03 quarterly dividend. He can see this stock in double digits and has a target price of $11.49. Insiders own about 6%.

Clean, clean balance sheet. He can see it doing better than a double from here. Can see the dividend going up, which would bode well for the bank.

Of all the financials he has bought, this one has done the worst but is still up very, very nicely. Great capitalization ratios. Pays a dividend of $.03 a quarter but they just announced a special dividend of $.02. This indicates management feels the company is doing very, very well. His target price is better than a double.

His target price on this is better than $10. One thing he liked about this small California bank was that they always made money during the recession on an annual basis. Have a huge inside ownership position. Insiders continue to buy the company.

A small California bank. This had been a big success. Had paid $4.01 in 2011, and sold it in June at $11.65, and there was a dividend all the way through. If he held it now, he would continue to hold it at the current price.