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

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Bank of Commerce Holdings (NASDAQ:BOCH) has received an average broker rating score of 2.50 (Hold) from the two analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has assigned a buy recommendation to the company.

Brokers have set a 12-month consensus price target of $12.50 for the company and are predicting that the company will post $0.26 earnings per share for the current quarter, according to Zacks. Zacks has also given Bank of Commerce an industry rank of 69 out of 255 based on the ratings given to related companies.

Several research firms recently weighed in on BOCH. Zacks Investment Research upgraded Bank of Commerce from a “sell” rating to a “hold” rating in a report on Wednesday. ValuEngine downgraded Bank of Commerce from a “hold” rating to a “sell” rating in a research report on Tuesday, March 5th.

BOCH traded up $0.24 on Friday, hitting $11.17. The company had a trading volume of 19,225 shares, compared to its average volume of 19,453. 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 0.19, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market cap of $180.16 million, a P/E ratio of 12.84, a price-to-earnings-growth ratio of 1.47 and a beta of 0.58.

Bank of Commerce (NASDAQ:BOCH) last posted its earnings results on Friday, January 18th. The financial services provider reported $0.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.03). Bank of Commerce had a return on equity of 10.95% and a net margin of 27.73%. The company had revenue of $13.63 million during the quarter, compared to analyst estimates of $13.26 million. As a group, analysts anticipate that Bank of Commerce will post 1.07 earnings per share for the current fiscal year.

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

A number of hedge funds and other institutional investors have recently modified their holdings of BOCH. BlackRock Inc. raised its holdings in shares of Bank of Commerce by 10.3% during the fourth quarter. BlackRock Inc. now owns 961,059 shares of the financial services provider’s stock valued at $10,532,000 after acquiring an additional 89,526 shares during the last quarter. EJF Capital LLC boosted its position in shares of Bank of Commerce by 0.4% during the fourth quarter. EJF Capital LLC now owns 885,153 shares of the financial services provider’s stock worth $9,701,000 after buying an additional 3,141 shares during the period. Vanguard Group Inc boosted its position in shares of Bank of Commerce by 0.3% during the third quarter. Vanguard Group Inc now owns 709,008 shares of the financial services provider’s stock worth $8,649,000 after buying an additional 1,874 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Bank of Commerce by 13.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 488,309 shares of the financial services provider’s stock worth $5,352,000 after buying an additional 57,763 shares during the period. Finally, JCSD Capital LLC boosted its position in shares of Bank of Commerce by 7.3% during the fourth quarter. JCSD Capital LLC now owns 289,321 shares of the financial services provider’s stock worth $3,171,000 after buying an additional 19,728 shares during the period. 55.50% of the stock is currently owned by institutional investors.

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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