Equities research analysts predict that Bank of Commerce Holdings (NASDAQ:BOCH) will report earnings per share of $0.19 for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Bank of Commerce’s earnings, with the highest EPS estimate coming in at $0.20 and the lowest estimate coming in at $0.18. Bank of Commerce posted earnings of $0.17 per share during the same quarter last year, which would indicate a positive year over year growth rate of 11.8%. The business is scheduled to announce its next earnings report on Friday, January 19th.
On average, analysts expect that Bank of Commerce will report full-year earnings of $0.69 per share for the current financial year, with EPS estimates ranging from $0.67 to $0.70. For the next year, analysts forecast that the firm will post earnings of $0.78 per share, with EPS estimates ranging from $0.77 to $0.78. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Bank of Commerce.
Bank of Commerce (NASDAQ:BOCH) last announced its earnings results on Friday, October 20th. The financial services provider reported $0.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.02. The firm had revenue of $11.58 million during the quarter, compared to analyst estimates of $11.67 million. Bank of Commerce had a net margin of 19.58% and a return on equity of 8.66%.
A number of equities analysts recently issued reports on BOCH shares. Zacks Investment Research upgraded shares of Bank of Commerce from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research report on Thursday, September 7th. ValuEngine lowered shares of Bank of Commerce from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st.
Institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new position in Bank of Commerce in the 3rd quarter valued at about $109,000. GSA Capital Partners LLP bought a new position in shares of Bank of Commerce during the 2nd quarter valued at about $111,000. Nationwide Fund Advisors boosted its position in shares of Bank of Commerce by 512.7% during the 2nd quarter. Nationwide Fund Advisors now owns 10,023 shares of the financial services provider’s stock valued at $111,000 after purchasing an additional 8,387 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Bank of Commerce during the 3rd quarter valued at about $122,000. Finally, D.A. Davidson & CO. bought a new position in shares of Bank of Commerce during the 3rd quarter valued at about $136,000. Hedge funds and other institutional investors own 52.21% of the company’s stock.
Shares of Bank of Commerce (BOCH) traded up $0.35 on Monday, reaching $11.85. 34,507 shares of the company were exchanged, compared to its average volume of 50,344. The company has a market cap of $196.89, a price-to-earnings ratio of 18.06, a PEG ratio of 2.52 and a beta of 0.42. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.22. Bank of Commerce has a 12-month low of $8.55 and a 12-month high of $12.40.
Bank of Commerce Company Profile
Bank of Commerce Holdings (Holding Company) is a bank holding company. The Company’s principal business is to serve as a holding company for Redding Bank of Commerce (Bank), which operates under two separate names (Redding Bank of Commerce and Sacramento Bank of Commerce). The Bank operates over four full service facilities in two diverse markets in Northern California.
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