Brokerages expect that Bank of Commerce Holdings (NASDAQ:BOCH) will announce $0.18 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have made estimates for Bank of Commerce’s earnings, with the lowest EPS estimate coming in at $0.17 and the highest estimate coming in at $0.18. Bank of Commerce posted earnings per share of $0.17 in the same quarter last year, which indicates a positive year over year growth rate of 5.9%. The firm is expected to report its next earnings results on Thursday, April 19th.
On average, analysts expect that Bank of Commerce will report full year earnings of $0.78 per share for the current year, with EPS estimates ranging from $0.76 to $0.80. For the next fiscal year, analysts forecast that the firm will report earnings of $0.90 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Bank of Commerce.
Bank of Commerce (NASDAQ:BOCH) last posted its quarterly earnings results on Friday, January 19th. The financial services provider reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04). The company had revenue of $12.15 million during the quarter, compared to analysts’ expectations of $12.18 million. Bank of Commerce had a net margin of 14.47% and a return on equity of 8.24%.
Separately, Zacks Investment Research lowered Bank of Commerce from a “hold” rating to a “sell” rating in a research report on Wednesday, February 14th.
In other Bank of Commerce news, CFO James A. Sundquist acquired 3,500 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was bought at an average cost of $10.97 per share, for a total transaction of $38,395.00. Following the completion of the transaction, the chief financial officer now owns 110,999 shares of the company’s stock, valued at approximately $1,217,659.03. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO James A. Sundquist acquired 2,500 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was acquired at an average price of $11.25 per share, with a total value of $28,125.00. Following the completion of the transaction, the chief financial officer now directly owns 108,499 shares of the company’s stock, valued at approximately $1,220,613.75. The disclosure for this purchase can be found here. Insiders purchased 18,003 shares of company stock valued at $204,655 over the last quarter. 6.92% of the stock is currently owned by company insiders.
A number of institutional investors have recently modified their holdings of BOCH. Northern Trust Corp boosted its position in shares of Bank of Commerce by 239.8% during the second quarter. Northern Trust Corp now owns 53,159 shares of the financial services provider’s stock worth $587,000 after buying an additional 37,516 shares during the period. State Street Corp purchased a new position in shares of Bank of Commerce during the second quarter worth $1,908,000. California State Teachers Retirement System purchased a new position in shares of Bank of Commerce during the second quarter worth $303,000. First Trust Advisors LP purchased a new position in shares of Bank of Commerce during the third quarter worth $139,000. Finally, SG Americas Securities LLC purchased a new position in shares of Bank of Commerce during the third quarter worth $109,000. Institutional investors own 53.15% of the company’s stock.
Bank of Commerce stock traded up $0.10 during mid-day trading on Monday, hitting $11.55. The company’s stock had a trading volume of 12,359 shares, compared to its average volume of 22,477. The firm has a market capitalization of $186.81, a price-to-earnings ratio of 17.61, a PEG ratio of 2.10 and a beta of 0.38. Bank of Commerce has a 1 year low of $9.90 and a 1 year high of $12.40. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.85 and a current ratio of 0.85.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Tuesday, April 3rd will be given a $0.03 dividend. The ex-dividend date of this dividend is Monday, April 2nd. This represents a $0.12 annualized dividend and a yield of 1.04%. Bank of Commerce’s payout ratio is 18.75%.
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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.
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