Zacks: Analysts Expect Bank of Commerce Holdings (BOCH) Will Post Earnings of $0.22 Per Share

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Analysts expect Bank of Commerce Holdings (NASDAQ:BOCH) to announce earnings of $0.22 per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Bank of Commerce’s earnings. Bank of Commerce posted earnings of $0.18 per share in the same quarter last year, which would suggest a positive year over year growth rate of 22.2%. The firm is expected to report its next earnings report on Friday, October 19th.

On average, analysts expect that Bank of Commerce will report full-year earnings of $0.87 per share for the current financial year, with EPS estimates ranging from $0.86 to $0.87. For the next financial year, analysts expect that the firm will post earnings of $0.97 per share, with EPS estimates ranging from $0.95 to $0.98. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Bank of Commerce.

Bank of Commerce (NASDAQ:BOCH) last announced its quarterly earnings data on Friday, July 20th. The financial services provider reported $0.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 firm had revenue of $12.54 million during the quarter, compared to the consensus estimate of $12.46 million.

Several analysts have weighed in on the company. ValuEngine downgraded Bank of Commerce from a “buy” rating to a “hold” rating in a research report on Friday, August 3rd. Zacks Investment Research downgraded Bank of Commerce from a “buy” rating to a “hold” rating in a research report on Monday, June 25th.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Raymond James & Associates increased its stake in shares of Bank of Commerce by 5.0% during the second quarter. Raymond James & Associates now owns 93,346 shares of the financial services provider’s stock valued at $1,190,000 after buying an additional 4,440 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Bank of Commerce by 2.1% during 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 buying an additional 4,476 shares during the period. Mackay Shields LLC purchased a new position in shares of Bank of Commerce during the first quarter valued at approximately $142,000. Acadian Asset Management LLC increased its stake in shares of Bank of Commerce by 37.7% during the second quarter. Acadian Asset Management LLC now owns 48,870 shares of the financial services provider’s stock valued at $624,000 after buying an additional 13,380 shares during the period. Finally, Renaissance Technologies LLC increased its stake in shares of Bank of Commerce by 55.8% during the second quarter. Renaissance Technologies LLC now owns 106,382 shares of the financial services provider’s stock valued at $1,356,000 after buying an additional 38,102 shares during the period. 55.96% of the stock is currently owned by hedge funds and other institutional investors.

Shares of BOCH stock opened at $12.45 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.66. Bank of Commerce has a fifty-two week low of $10.10 and a fifty-two week high of $13.20. The company has a market capitalization of $206.42 million, a price-to-earnings ratio of 19.45, a P/E/G ratio of 1.46 and a beta of 0.39.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 12th. Stockholders of record on Tuesday, October 2nd will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Monday, October 1st. This represents a $0.16 annualized dividend and a dividend yield of 1.29%. Bank of Commerce’s dividend payout ratio (DPR) is presently 25.00%.

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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