Bank of Commerce (NASDAQ:BOCH) announced its quarterly earnings data on Friday. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.03, MarketWatch Earnings reports. Bank of Commerce had a net margin of 18.19% and a return on equity of 9.54%. The company had revenue of $13.07 million during the quarter, compared to analysts’ expectations of $12.85 million.
NASDAQ:BOCH traded down $0.11 on Friday, hitting $11.43. The stock had a trading volume of 73,491 shares, compared to its average volume of 32,762. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a market capitalization of $188.31 million, a price-to-earnings ratio of 17.86, a PEG ratio of 1.33 and a beta of 0.38. Bank of Commerce has a 1-year low of $8.40 and a 1-year high of $13.20.
The company also recently announced a quarterly dividend, which was paid on Friday, October 12th. Shareholders of record on Tuesday, October 2nd were issued a $0.04 dividend. The ex-dividend date of this dividend was Monday, October 1st. This represents a $0.16 annualized dividend and a yield of 1.40%. Bank of Commerce’s payout ratio is 25.00%.
Several analysts recently issued reports on the stock. ValuEngine cut shares of Bank of Commerce from a “buy” rating to a “hold” rating in a research note on Friday, August 3rd. Zacks Investment Research cut shares of Bank of Commerce from a “buy” rating to a “hold” rating in a research note on Monday, June 25th. Finally, DA Davidson dropped their price objective on shares of Bank of Commerce from $14.00 to $13.50 and set a “neutral” rating for the company in a research note on Tuesday, October 9th.
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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