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 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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