Equities Analysts Offer Predictions for Bank of Commerce Holdings (CA)’s Q3 2017 Earnings (NASDAQ:BOCH)

Bank of Commerce Holdings (CA) (NASDAQ:BOCH) – Analysts at DA Davidson upped their Q3 2017 earnings per share estimates for shares of Bank of Commerce Holdings (CA) in a note issued to investors on Monday. DA Davidson analyst J. Rulis now anticipates that the financial services provider will post earnings per share of $0.16 for the quarter, up from their prior estimate of $0.14. DA Davidson currently has a “Neutral” rating and a $12.00 price objective on the stock. DA Davidson also issued estimates for Bank of Commerce Holdings (CA)’s Q4 2017 earnings at $0.16 EPS, FY2017 earnings at $0.64 EPS and FY2018 earnings at $0.73 EPS.

Bank of Commerce Holdings (CA) (NASDAQ:BOCH) last announced its quarterly earnings results on Friday, July 21st. The financial services provider reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. Bank of Commerce Holdings (CA) had a return on equity of 9.61% and a net margin of 19.12%. The company had revenue of $11.16 million during the quarter, compared to analyst estimates of $11.23 million. ILLEGAL ACTIVITY NOTICE: “Equities Analysts Offer Predictions for Bank of Commerce Holdings (CA)’s Q3 2017 Earnings (NASDAQ:BOCH)” was first posted by Community Financial News and is the sole property of of Community Financial News. If you are accessing this report on another website, it was stolen and reposted in violation of US & international copyright laws. The legal version of this report can be viewed at https://www.com-unik.info/2017/08/19/equities-analysts-offer-predictions-for-bank-of-commerce-holdings-cas-q3-2017-earnings-nasdaqboch-updated-updated-updated.html.

Several other research firms have also recently issued reports on BOCH. Zacks Investment Research upgraded Bank of Commerce Holdings (CA) from a “hold” rating to a “strong-buy” rating and set a $12.00 price objective on the stock in a report on Monday, April 3rd. ValuEngine upgraded Bank of Commerce Holdings (CA) from a “hold” rating to a “buy” rating in a report on Friday, June 2nd.

Bank of Commerce Holdings (NASDAQ BOCH) opened at 10.70 on Tuesday. Bank of Commerce Holdings has a 52 week low of $6.48 and a 52 week high of $11.90. The company’s 50-day moving average price is $11.07 and its 200-day moving average price is $10.69. The company has a market capitalization of $160.64 million, a price-to-earnings ratio of 16.26 and a beta of 0.45.

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Bank of Commerce Holdings (CA) by 2.4% in the first quarter. Vanguard Group Inc. now owns 666,055 shares of the financial services provider’s stock valued at $7,127,000 after buying an additional 15,800 shares during the last quarter. Pacific Ridge Capital Partners LLC boosted its stake in Bank of Commerce Holdings (CA) by 1.1% in the first quarter. Pacific Ridge Capital Partners LLC now owns 353,706 shares of the financial services provider’s stock valued at $3,785,000 after buying an additional 4,011 shares during the last quarter. Wellington Management Group LLP boosted its stake in Bank of Commerce Holdings (CA) by 222.9% in the first quarter. Wellington Management Group LLP now owns 333,184 shares of the financial services provider’s stock valued at $3,565,000 after buying an additional 229,988 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Bank of Commerce Holdings (CA) by 12.2% in the first quarter. Dimensional Fund Advisors LP now owns 206,327 shares of the financial services provider’s stock valued at $2,208,000 after buying an additional 22,369 shares during the last quarter. Finally, LSV Asset Management boosted its stake in Bank of Commerce Holdings (CA) by 5.0% in the first quarter. LSV Asset Management now owns 200,594 shares of the financial services provider’s stock valued at $2,146,000 after buying an additional 9,561 shares during the last quarter. Institutional investors own 32.19% of the company’s stock.

In other news, CFO James A. Sundquist acquired 12,500 shares of the stock in a transaction that occurred on Wednesday, May 10th. The shares were bought at an average cost of $10.50 per share, for a total transaction of $131,250.00. Following the acquisition, the chief financial officer now owns 84,238 shares in the company, valued at approximately $884,499. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Robert H. Muttera acquired 5,000 shares of the stock in a transaction that occurred on Wednesday, May 10th. The stock was purchased at an average price of $10.50 per share, for a total transaction of $52,500.00. Following the completion of the acquisition, the executive vice president now owns 86,611 shares in the company, valued at approximately $909,415.50. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 28,500 shares of company stock worth $299,250. 7.50% of the stock is currently owned by insiders.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Wednesday, July 5th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.12%. The ex-dividend date was Friday, June 30th. Bank of Commerce Holdings (CA)’s payout ratio is 17.91%.

About Bank of Commerce Holdings (CA)

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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