Bank of Commerce Holdings (BOCH) Expected to Announce Earnings of $0.22 Per Share

Equities research analysts predict that Bank of Commerce Holdings (NASDAQ:BOCH) will post $0.22 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Bank of Commerce’s earnings. Bank of Commerce posted earnings per share of $0.18 in the same quarter last year, which would suggest a positive year-over-year growth rate of 22.2%. The company is expected to report its next earnings report on Friday, October 19th.

According to Zacks, analysts expect that Bank of Commerce will report full year earnings of $0.87 per share for the current fiscal year, with EPS estimates ranging from $0.86 to $0.87. For the next financial year, analysts forecast that the business will report earnings of $0.97 per share, with EPS estimates ranging from $0.95 to $0.98. Zacks’ earnings per share calculations are an average based on a survey of analysts that that provide coverage for Bank of Commerce.

Bank of Commerce (NASDAQ:BOCH) last issued its quarterly earnings results on Friday, July 20th. The financial services provider reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. Bank of Commerce had a return on equity of 9.54% and a net margin of 18.19%. The company had revenue of $12.54 million during the quarter, compared to analyst estimates of $12.46 million.

A number of brokerages have recently commented on BOCH. ValuEngine upgraded Bank of Commerce from a “hold” rating to a “buy” rating in a report on Friday, June 29th. Zacks Investment Research lowered Bank of Commerce from a “buy” rating to a “hold” rating in a report on Monday, June 25th.

Shares of BOCH stock traded down $0.40 during trading hours on Friday, reaching $12.05. 27,800 shares of the company’s stock were exchanged, compared to its average volume of 30,441. Bank of Commerce has a fifty-two week low of $8.40 and a fifty-two week high of $13.20. The firm has a market cap of $203.16 million, a PE ratio of 19.22, a price-to-earnings-growth ratio of 1.44 and a beta of 0.39. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.66.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 12th. Stockholders of record on Tuesday, October 2nd will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Monday, October 1st. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.33%. Bank of Commerce’s dividend payout ratio (DPR) is presently 25.00%.

Several hedge funds and other institutional investors have recently modified their holdings of BOCH. Mackay Shields LLC acquired a new position in shares of Bank of Commerce in the first quarter valued at $142,000. Dimensional Fund Advisors LP raised its stake in shares of Bank of Commerce by 17.7% in the first quarter. Dimensional Fund Advisors LP now owns 330,389 shares of the financial services provider’s stock valued at $3,849,000 after purchasing an additional 49,568 shares in the last quarter. Maltese Capital Management LLC acquired a new position in shares of Bank of Commerce in the first quarter valued at $932,000. The Manufacturers Life Insurance Company raised its stake in shares of Bank of Commerce by 2.1% in the first quarter. The Manufacturers Life Insurance Company now owns 213,868 shares of the financial services provider’s stock valued at $2,492,000 after purchasing an additional 4,476 shares in the last quarter. Finally, Acadian Asset Management LLC raised its stake in shares of Bank of Commerce by 37.7% in the second quarter. Acadian Asset Management LLC now owns 48,870 shares of the financial services provider’s stock valued at $624,000 after purchasing an additional 13,380 shares in the last quarter. Institutional investors and hedge funds own 55.96% of the company’s stock.

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. 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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