Analysts Expect Bank of Commerce Holdings (BOCH) to Announce $0.26 EPS

Bank of Commerce Holdings (NASDAQ:BOCH) has been assigned a consensus broker rating score of 2.50 (Hold) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and one has given a buy rating to the company.

Brokerages have set a 1 year consensus price target of $12.50 for the company and are forecasting that the company will post $0.26 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Bank of Commerce an industry rank of 99 out of 255 based on the ratings given to its competitors.

Several equities research analysts have commented on the stock. Zacks Investment Research raised shares of Bank of Commerce from a “sell” rating to a “hold” rating in a report on Tuesday, February 12th. ValuEngine lowered shares of Bank of Commerce from a “hold” rating to a “sell” rating in a report on Thursday, January 31st.

In other news, Director Karl L. Silberstein bought 3,000 shares of the stock in a transaction dated Friday, March 8th. The shares were acquired at an average cost of $10.80 per share, with a total value of $32,400.00. Following the purchase, the director now directly owns 6,500 shares in the company, valued at approximately $70,200. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 6.41% of the company’s stock.

Several hedge funds have recently bought and sold shares of BOCH. O Shaughnessy Asset Management LLC purchased a new stake in shares of Bank of Commerce during the 4th quarter worth about $56,000. Menta Capital LLC purchased a new stake in shares of Bank of Commerce during the 4th quarter worth about $118,000. LPL Financial LLC purchased a new stake in shares of Bank of Commerce during the 3rd quarter worth about $122,000. Mackay Shields LLC purchased a new stake in shares of Bank of Commerce during the 4th quarter worth about $168,000. Finally, Rhumbline Advisers boosted its stake in shares of Bank of Commerce by 46.9% during the 4th quarter. Rhumbline Advisers now owns 21,341 shares of the financial services provider’s stock worth $234,000 after acquiring an additional 6,812 shares in the last quarter. 49.77% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:BOCH traded down $0.04 during mid-day trading on Monday, hitting $10.55. The company’s stock had a trading volume of 21,296 shares, compared to its average volume of 44,252. Bank of Commerce has a 1 year low of $8.40 and a 1 year high of $13.20. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market cap of $192.12 million, a price-to-earnings ratio of 12.13, a PEG ratio of 1.41 and a beta of 0.58.

Bank of Commerce (NASDAQ:BOCH) last posted its quarterly earnings results on Friday, January 18th. The financial services provider reported $0.21 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.03). Bank of Commerce had a net margin of 27.73% and a return on equity of 10.78%. The business had revenue of $13.63 million during the quarter, compared to analysts’ expectations of $13.26 million. As a group, equities research analysts predict that Bank of Commerce will post 1.07 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 18th. Stockholders of record on Tuesday, April 9th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.52%. The ex-dividend date is Monday, April 8th. Bank of Commerce’s payout ratio is currently 18.39%.

Bank of Commerce Company Profile

Bank of Commerce Holdings operates as the bank holding company for Redding Bank of Commerce that provides a range of financial services and products for retail customers and small to medium sized businesses in California. The company's deposit products include checking, interest-bearing checking, money market, and savings accounts, as well as certificates of deposit.

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