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

Brokers have set a 1 year consensus target price of $12.25 for the company and are expecting that the company will post $0.20 EPS for the current quarter, according to Zacks. Zacks has also given Bank of Commerce an industry rank of 15 out of 265 based on the ratings given to related companies.

A number of research analysts have issued reports on the company. Zacks Investment Research raised Bank of Commerce from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research note on Tuesday, January 2nd. ValuEngine cut Bank of Commerce from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st.

Bank of Commerce (NASDAQ:BOCH) traded up $0.10 during trading hours on Friday, reaching $11.55. The company’s stock had a trading volume of 32,300 shares, compared to its average volume of 39,092. Bank of Commerce has a 1 year low of $9.10 and a 1 year high of $12.40. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $187.94, a PE ratio of 23.10, a price-to-earnings-growth ratio of 1.99 and a beta of 0.43.

Bank of Commerce (NASDAQ:BOCH) last posted its earnings results on Friday, October 20th. The financial services provider reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. Bank of Commerce had a return on equity of 8.42% and a net margin of 14.47%. The firm had revenue of $11.58 million during the quarter, compared to analysts’ expectations of $11.67 million. equities analysts expect that Bank of Commerce will post 0.83 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Tuesday, January 2nd were paid a $0.03 dividend. The ex-dividend date of this dividend was Friday, December 29th. This represents a $0.12 dividend on an annualized basis and a yield of 1.04%. Bank of Commerce’s payout ratio is 24.00%.

Large investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company boosted its position in shares of Bank of Commerce by 472.0% during the second quarter. The Manufacturers Life Insurance Company now owns 209,521 shares of the financial services provider’s stock worth $2,315,000 after buying an additional 172,891 shares during the period. State Street Corp acquired a new position in shares of Bank of Commerce during the second quarter worth about $1,908,000. Banc Funds Co. LLC boosted its position in shares of Bank of Commerce by 16.4% during the second quarter. Banc Funds Co. LLC now owns 1,067,326 shares of the financial services provider’s stock worth $11,794,000 after buying an additional 150,000 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Bank of Commerce by 366.8% during the second quarter. Bank of New York Mellon Corp now owns 61,720 shares of the financial services provider’s stock worth $682,000 after buying an additional 48,497 shares during the period. Finally, TIAA CREF Investment Management LLC acquired a new position in shares of Bank of Commerce during the second quarter worth about $471,000. 52.21% of the stock is owned by hedge funds and other institutional investors.

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About Bank of Commerce

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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