Equities analysts predict that Bank of Commerce Holdings (NASDAQ:BOCH) will post earnings of $0.19 per share for the current quarter, according to Zacks. Two analysts have made estimates for Bank of Commerce’s earnings. The highest EPS estimate is $0.20 and the lowest is $0.18. Bank of Commerce reported earnings of $0.17 per share in the same quarter last year, which indicates a positive year over year growth rate of 11.8%. The business is expected to announce its next quarterly 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 fiscal year, analysts anticipate that the business will post earnings of $0.78 per share, with EPS estimates ranging from $0.77 to $0.78. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Bank of Commerce.
Bank of Commerce (NASDAQ:BOCH) last announced its quarterly earnings results on Friday, October 20th. The financial services provider reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.02. Bank of Commerce had a return on equity of 8.66% and a net margin of 19.58%. The firm had revenue of $11.58 million during the quarter, compared to the consensus estimate of $11.67 million.
BOCH has been the subject of several recent research reports. ValuEngine upgraded Bank of Commerce from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Zacks Investment Research upgraded Bank of Commerce from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a report on Tuesday, October 24th.
Shares of Bank of Commerce (BOCH) traded up $0.15 during midday trading on Monday, reaching $12.25. The company had a trading volume of 41,200 shares, compared to its average volume of 50,632. Bank of Commerce has a 52-week low of $8.55 and a 52-week high of $12.40. The firm has a market cap of $199.33, a P/E ratio of 18.28, a P/E/G ratio of 2.55 and a beta of 0.42. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.22.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. purchased a new position in Bank of Commerce in the 2nd quarter valued at about $302,000. Dimensional Fund Advisors LP boosted its position in Bank of Commerce by 12.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 206,327 shares of the financial services provider’s stock valued at $2,208,000 after buying an additional 22,369 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Bank of Commerce by 472.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 209,521 shares of the financial services provider’s stock valued at $2,315,000 after buying an additional 172,891 shares during the last quarter. Vanguard Group Inc. boosted its position in Bank of Commerce by 5.2% in the 2nd quarter. Vanguard Group Inc. now owns 700,908 shares of the financial services provider’s stock valued at $7,745,000 after buying an additional 34,853 shares during the last quarter. Finally, Teachers Advisors LLC purchased a new position in Bank of Commerce in the 2nd quarter valued at about $311,000. Hedge funds and other institutional investors own 52.21% of the company’s stock.
COPYRIGHT VIOLATION WARNING: This news story was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The correct version of this news story can be read at https://www.dispatchtribunal.com/2017/12/04/brokerages-expect-bank-of-commerce-holdings-boch-will-announce-earnings-of-0-19-per-share.html.
About Bank of Commerce
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.
Get a free copy of the Zacks research report on Bank of Commerce (BOCH)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Bank of Commerce Holdings Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Commerce Holdings and related companies with MarketBeat.com's FREE daily email newsletter.