Analysts Expect Bank of Commerce Holdings (NASDAQ:BOCH) to Announce $0.24 Earnings Per Share

Wall Street analysts predict that Bank of Commerce Holdings (NASDAQ:BOCH) will announce earnings per share of $0.24 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Bank of Commerce’s earnings. Bank of Commerce posted earnings per share of $0.25 in the same quarter last year, which indicates a negative year over year growth rate of 4%. The firm is expected to report its next earnings results on Friday, October 18th.

On average, analysts expect that Bank of Commerce will report full year earnings of $0.83 per share for the current financial year, with EPS estimates ranging from $0.82 to $0.83. For the next fiscal year, analysts expect that the firm will post earnings of $1.04 per share, with EPS estimates ranging from $1.00 to $1.07. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow Bank of Commerce.

BOCH has been the topic of a number of recent research reports. Zacks Investment Research upgraded Bank of Commerce from a “sell” rating to a “hold” rating in a research report on Tuesday, July 23rd. TheStreet lowered Bank of Commerce from a “b” rating to a “f” rating in a research report on Monday, July 22nd.

In related news, Director Karl L. Silberstein purchased 4,000 shares of Bank of Commerce stock in a transaction dated Tuesday, July 23rd. The shares were acquired at an average cost of $10.60 per share, for a total transaction of $42,400.00. Following the transaction, the director now directly owns 11,795 shares of the company’s stock, valued at $125,027. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO James A. Sundquist purchased 2,500 shares of Bank of Commerce stock in a transaction dated Wednesday, May 29th. The stock was bought at an average price of $10.35 per share, for a total transaction of $25,875.00. The disclosure for this purchase can be found here. Insiders acquired a total of 11,591 shares of company stock worth $121,212 over the last quarter. Corporate insiders own 5.67% of the company’s stock.

Several large investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA boosted its position in shares of Bank of Commerce by 539.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,266 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 2,755 shares during the last quarter. Menta Capital LLC boosted its position in shares of Bank of Commerce by 30.4% in the 1st quarter. Menta Capital LLC now owns 14,055 shares of the financial services provider’s stock worth $148,000 after purchasing an additional 3,276 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Bank of Commerce by 5.0% in the 4th quarter. Bank of New York Mellon Corp now owns 78,553 shares of the financial services provider’s stock worth $861,000 after purchasing an additional 3,740 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its position in shares of Bank of Commerce by 106.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 10,547 shares of the financial services provider’s stock worth $111,000 after purchasing an additional 5,435 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Bank of Commerce by 3.9% in the 4th quarter. Geode Capital Management LLC now owns 191,241 shares of the financial services provider’s stock worth $2,096,000 after purchasing an additional 7,131 shares during the last quarter. Institutional investors and hedge funds own 48.88% of the company’s stock.

BOCH traded down $0.11 during mid-day trading on Friday, reaching $10.44. The stock had a trading volume of 10,687 shares, compared to its average volume of 16,521. The company has a market cap of $191.24 million, a PE ratio of 12.00, a P/E/G ratio of 1.83 and a beta of 0.59. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.26. The stock has a fifty day moving average price of $10.63. Bank of Commerce has a 52 week low of $8.40 and a 52 week high of $13.20.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Tuesday, July 2nd were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.92%. This is a positive change from Bank of Commerce’s previous quarterly dividend of $0.04. The ex-dividend date was Monday, July 1st. Bank of Commerce’s dividend payout ratio (DPR) is presently 22.99%.

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. Its deposit products include checking, interest-bearing checking, money market, and savings accounts, as well as certificates of deposit.

Further Reading: Arbitrage

Get a free copy of the Zacks research report on Bank of Commerce (BOCH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Bank of Commerce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Commerce and related companies with MarketBeat.com's FREE daily email newsletter.