$12.18 Million in Sales Expected for Bank of Commerce Holdings (CA) (BOCH) This Quarter

Wall Street analysts predict that Bank of Commerce Holdings (CA) (NASDAQ:BOCH) will report $12.18 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Bank of Commerce Holdings (CA)’s earnings, with estimates ranging from $12.10 million to $12.26 million. Bank of Commerce Holdings (CA) posted sales of $10.68 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 14%. The company is expected to announce its next earnings report on Friday, January 19th.

On average, analysts expect that Bank of Commerce Holdings (CA) will report full-year sales of $12.18 million for the current year, with estimates ranging from $46.10 million to $46.27 million. For the next financial year, analysts forecast that the company will post sales of $49.79 million per share, with estimates ranging from $49.17 million to $50.40 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Bank of Commerce Holdings (CA).

Bank of Commerce Holdings (CA) (NASDAQ:BOCH) last released its earnings results on Friday, October 20th. The financial services provider reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.02. The firm had revenue of $11.58 million for the quarter, compared to the consensus estimate of $11.67 million. Bank of Commerce Holdings (CA) had a net margin of 19.58% and a return on equity of 8.66%.

BOCH has been the topic of a number of recent research reports. ValuEngine raised shares of Bank of Commerce Holdings (CA) from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Zacks Investment Research raised shares of Bank of Commerce Holdings (CA) from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research report on Tuesday, October 24th.

Shares of Bank of Commerce Holdings (BOCH) opened at $11.70 on Friday. The firm has a market cap of $188.75, a PE ratio of 17.31, a PEG ratio of 2.42 and a beta of 0.44. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.85 and a quick ratio of 0.85. Bank of Commerce Holdings has a 1 year low of $7.90 and a 1 year high of $12.40.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. D.A. Davidson & CO. bought a new position in Bank of Commerce Holdings (CA) during the 3rd quarter valued at about $136,000. Dynamic Technology Lab Private Ltd bought a new position in Bank of Commerce Holdings (CA) during the 3rd quarter valued at about $122,000. SG Americas Securities LLC bought a new position in Bank of Commerce Holdings (CA) during the 3rd quarter valued at about $109,000. Foundry Partners LLC lifted its stake in Bank of Commerce Holdings (CA) by 8.5% during the 3rd quarter. Foundry Partners LLC now owns 177,005 shares of the financial services provider’s stock valued at $2,036,000 after acquiring an additional 13,875 shares during the period. Finally, First Trust Advisors LP bought a new position in Bank of Commerce Holdings (CA) during the 3rd quarter valued at about $139,000. Institutional investors and hedge funds own 51.72% of the company’s stock.

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Bank of Commerce Holdings (CA) Company Profile

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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