Zacks: Brokerages Expect Bank of Commerce Holdings (BOCH) to Post $0.22 EPS

Wall Street brokerages expect Bank of Commerce Holdings (NASDAQ:BOCH) to announce earnings per share of $0.22 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Bank of Commerce’s earnings. Bank of Commerce posted earnings per share of $0.18 during the same quarter last year, which would suggest a positive year over year growth rate of 22.2%. The firm is scheduled to report its next earnings results 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 year, analysts expect that the business will post earnings of $0.97 per share, with EPS estimates ranging from $0.95 to $0.98. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Bank of Commerce.

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

Several research analysts have recently issued reports on BOCH shares. Zacks Investment Research lowered shares of Bank of Commerce from a “buy” rating to a “hold” rating in a research note on Monday, June 25th. ValuEngine raised shares of Bank of Commerce from a “hold” rating to a “buy” rating in a research note on Friday, June 29th.

Several hedge funds and other institutional investors have recently modified their holdings of BOCH. Bank of America Corp DE boosted its stake in shares of Bank of Commerce by 2,671.9% in the 2nd quarter. Bank of America Corp DE now owns 42,632 shares of the financial services provider’s stock valued at $544,000 after purchasing an additional 41,094 shares during the last quarter. Acadian Asset Management LLC boosted its stake in Bank of Commerce by 37.7% during the 2nd quarter. Acadian Asset Management LLC now owns 48,870 shares of the financial services provider’s stock worth $624,000 after acquiring an additional 13,380 shares during the last quarter. Millennium Management LLC boosted its stake in Bank of Commerce by 155.6% during the 2nd quarter. Millennium Management LLC now owns 77,019 shares of the financial services provider’s stock worth $982,000 after acquiring an additional 46,886 shares during the last quarter. Raymond James & Associates boosted its stake in Bank of Commerce by 5.0% during the 2nd quarter. Raymond James & Associates now owns 93,346 shares of the financial services provider’s stock worth $1,190,000 after acquiring an additional 4,440 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Bank of Commerce by 55.8% during the 2nd quarter. Renaissance Technologies LLC now owns 106,382 shares of the financial services provider’s stock worth $1,356,000 after acquiring an additional 38,102 shares during the last quarter. 55.96% of the stock is currently owned by institutional investors.

Shares of NASDAQ BOCH opened at $12.12 on Tuesday. The stock has a market capitalization of $199.08 million, a PE ratio of 18.94, a price-to-earnings-growth ratio of 1.41 and a beta of 0.38. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.92 and a current ratio of 0.92. Bank of Commerce has a 1 year low of $8.40 and a 1 year high of $13.20.

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 $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.32%. The ex-dividend date is Monday, October 1st. Bank of Commerce’s dividend payout ratio (DPR) is presently 25.00%.

About Bank of Commerce

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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