Bank of Commerce Holdings (CA) (BOCH) Expected to Post Quarterly Sales of $11.67 Million

Analysts expect that Bank of Commerce Holdings (CA) (NASDAQ:BOCH) will post sales of $11.67 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Bank of Commerce Holdings (CA)’s earnings, with the lowest sales estimate coming in at $11.50 million and the highest estimate coming in at $11.84 million. Bank of Commerce Holdings (CA) posted sales of $10.24 million in the same quarter last year, which suggests a positive year-over-year growth rate of 14%. The business is scheduled to report its next earnings report on Friday, October 20th.

On average, analysts expect that Bank of Commerce Holdings (CA) will report full year sales of $11.67 million for the current year, with estimates ranging from $45.70 million to $46.30 million. For the next financial year, analysts forecast that the firm will post sales of $50.34 million per share, with estimates ranging from $50.18 million to $50.50 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Bank of Commerce Holdings (CA).

Bank of Commerce Holdings (CA) (NASDAQ:BOCH) last issued its quarterly earnings results on Friday, July 21st. The financial services provider reported $0.15 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.01. The company had revenue of $11.16 million during the quarter, compared to the consensus estimate of $11.23 million. Bank of Commerce Holdings (CA) had a return on equity of 8.88% and a net margin of 19.12%.

Several research firms recently issued reports on BOCH. ValuEngine cut Bank of Commerce Holdings (CA) from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. Zacks Investment Research cut Bank of Commerce Holdings (CA) from a “buy” rating to a “hold” rating in a research report on Monday, September 25th.

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Shares of Bank of Commerce Holdings (NASDAQ:BOCH) opened at 11.20 on Monday. The stock has a market capitalization of $182.11 million, a P/E ratio of 17.02 and a beta of 0.43. The company’s 50 day moving average price is $10.65 and its 200-day moving average price is $10.85. Bank of Commerce Holdings has a 12 month low of $7.00 and a 12 month high of $11.90.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Tuesday, October 3rd will be given a $0.03 dividend. The ex-dividend date of this dividend is Monday, October 2nd. This represents a $0.12 annualized dividend and a yield of 1.07%. Bank of Commerce Holdings (CA)’s dividend payout ratio (DPR) is presently 17.91%.

A number of hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp lifted its position in Bank of Commerce Holdings (CA) by 14.2% in the 1st quarter. Bank of New York Mellon Corp now owns 13,223 shares of the financial services provider’s stock valued at $142,000 after acquiring an additional 1,645 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC lifted its position in Bank of Commerce Holdings (CA) by 8.3% in the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 67,465 shares of the financial services provider’s stock valued at $745,000 after acquiring an additional 5,168 shares in the last quarter. Nationwide Fund Advisors lifted its position in Bank of Commerce Holdings (CA) by 512.7% in the 2nd quarter. Nationwide Fund Advisors now owns 10,023 shares of the financial services provider’s stock valued at $111,000 after acquiring an additional 8,387 shares in the last quarter. GSA Capital Partners LLP bought a new position in Bank of Commerce Holdings (CA) in the 2nd quarter valued at approximately $111,000. Finally, Vanguard Group Inc. lifted its position in Bank of Commerce Holdings (CA) by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 666,055 shares of the financial services provider’s stock valued at $7,127,000 after acquiring an additional 15,800 shares in the last quarter. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Bank of Commerce Holdings (CA) 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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