Bank of Commerce Holdings (BOCH) Expected to Post Earnings of $0.26 Per Share

Brokerages expect Bank of Commerce Holdings (NASDAQ:BOCH) to announce earnings per share of $0.26 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Bank of Commerce’s earnings. Bank of Commerce reported earnings of $0.20 per share in the same quarter last year, which would suggest a positive year over year growth rate of 30%. The company is scheduled to issue its next earnings report on Friday, April 19th.

On average, analysts expect that Bank of Commerce will report full-year earnings of $1.07 per share for the current fiscal year, with EPS estimates ranging from $1.05 to $1.09. For the next fiscal year, analysts anticipate that the business will post earnings of $1.15 per share, with EPS estimates ranging from $1.10 to $1.20. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Bank of Commerce.

Bank of Commerce (NASDAQ:BOCH) last released its quarterly earnings results on Friday, January 18th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.03). The business had revenue of $13.63 million for the quarter, compared to analysts’ expectations of $13.26 million. Bank of Commerce had a net margin of 27.73% and a return on equity of 10.78%.

A number of research firms recently issued reports on BOCH. Zacks Investment Research raised shares of Bank of Commerce from a “sell” rating to a “hold” rating in a research note on Tuesday, February 12th. ValuEngine downgraded shares of Bank of Commerce from a “hold” rating to a “sell” rating in a research note on Thursday, January 31st.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of Bank of Commerce by 10.3% in the fourth quarter. BlackRock Inc. now owns 961,059 shares of the financial services provider’s stock worth $10,532,000 after purchasing an additional 89,526 shares during the last quarter. EJF Capital LLC grew its holdings in shares of Bank of Commerce by 0.4% in the fourth quarter. EJF Capital LLC now owns 885,153 shares of the financial services provider’s stock worth $9,701,000 after purchasing an additional 3,141 shares during the last quarter. Vanguard Group Inc grew its holdings in Bank of Commerce by 0.3% during the 3rd quarter. Vanguard Group Inc now owns 709,008 shares of the financial services provider’s stock worth $8,649,000 after acquiring an additional 1,874 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Bank of Commerce by 13.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 488,309 shares of the financial services provider’s stock worth $5,352,000 after acquiring an additional 57,763 shares in the last quarter. Finally, JCSD Capital LLC grew its holdings in Bank of Commerce by 7.3% during the 4th quarter. JCSD Capital LLC now owns 289,321 shares of the financial services provider’s stock worth $3,171,000 after acquiring an additional 19,728 shares in the last quarter. Hedge funds and other institutional investors own 49.77% of the company’s stock.

Bank of Commerce stock traded up $0.01 during mid-day trading on Friday, reaching $10.99. 800 shares of the company’s stock traded hands, compared to its average volume of 41,563. The company has a market cap of $197.40 million, a price-to-earnings ratio of 12.66, a PEG ratio of 1.45 and a beta of 0.57. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.17. Bank of Commerce has a 12-month low of $8.40 and a 12-month high of $13.20.

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 $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend is Monday, April 8th. Bank of Commerce’s dividend payout ratio is currently 18.39%.

About Bank of Commerce

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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