Analysts Anticipate Bank of Commerce Holdings (BOCH) to Post $0.26 EPS

Shares of Bank of Commerce Holdings (NASDAQ:BOCH) have been given an average broker rating score of 2.50 (Hold) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and one has issued a buy rating on the company.

Brokers have set a 12-month consensus price objective of $12.50 for the company and are expecting that the company will post $0.26 EPS for the current quarter, according to Zacks. Zacks has also assigned Bank of Commerce an industry rank of 156 out of 255 based on the ratings given to its competitors.

A number of analysts have recently weighed in on BOCH shares. Zacks Investment Research cut shares of Bank of Commerce from a “hold” rating to a “sell” rating in a research note on Wednesday, January 23rd. ValuEngine upgraded shares of Bank of Commerce from a “sell” rating to a “hold” rating in a research note on Friday, December 21st.

Shares of Bank of Commerce stock traded down $0.03 on Monday, reaching $11.05. The stock had a trading volume of 7,000 shares, compared to its average volume of 22,407. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.19. Bank of Commerce has a fifty-two week low of $8.40 and a fifty-two week high of $13.20. The stock has a market capitalization of $180.98 million, a price-to-earnings ratio of 12.70, a PEG ratio of 1.48 and a beta of 0.52.

Bank of Commerce (NASDAQ:BOCH) last issued its quarterly earnings data on Friday, January 18th. The financial services provider reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.03). Bank of Commerce had a return on equity of 10.95% and a net margin of 27.73%. The firm had revenue of $13.63 million during the quarter, compared to analyst estimates of $13.26 million. As a group, research analysts predict that Bank of Commerce will post 1.07 earnings per share for the current year.

In related news, Director Lyle L. Tullis bought 5,000 shares of the business’s stock in a transaction that occurred on Thursday, December 6th. The stock was purchased at an average cost of $10.95 per share, for a total transaction of $54,750.00. Following the purchase, the director now directly owns 275,565 shares in the company, valued at $3,017,436.75. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CFO James A. Sundquist bought 2,500 shares of the business’s stock in a transaction that occurred on Thursday, December 13th. The shares were bought at an average price of $10.70 per share, with a total value of $26,750.00. The disclosure for this purchase can be found here. 6.41% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. LPL Financial LLC acquired a new position in Bank of Commerce during the 3rd quarter valued at $122,000. Rhumbline Advisers increased its holdings in Bank of Commerce by 46.9% in the 4th quarter. Rhumbline Advisers now owns 21,341 shares of the financial services provider’s stock valued at $234,000 after buying an additional 6,812 shares during the period. JPMorgan Chase & Co. increased its holdings in Bank of Commerce by 672.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 23,694 shares of the financial services provider’s stock valued at $289,000 after buying an additional 20,627 shares during the period. Bailard Inc. bought a new stake in Bank of Commerce in the 3rd quarter valued at $310,000. Finally, Martingale Asset Management L P increased its holdings in Bank of Commerce by 28.3% in the 3rd quarter. Martingale Asset Management L P now owns 39,015 shares of the financial services provider’s stock valued at $476,000 after buying an additional 8,605 shares during the period. Hedge funds and other institutional investors own 55.46% of the company’s stock.

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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