Brokerages forecast that Bank of Commerce Holdings (NASDAQ:BOCH) will post earnings per share of $0.26 for the current quarter, according to Zacks. Two analysts have issued estimates for Bank of Commerce’s earnings. Bank of Commerce reported earnings per share of $0.20 during the same quarter last year, which suggests a positive year-over-year growth rate of 30%. The company is scheduled to issue its next earnings results on Friday, April 19th.
According to Zacks, analysts expect that Bank of Commerce will report full-year earnings of $1.07 per share for the current financial year, with EPS estimates ranging from $1.05 to $1.09. For the next year, analysts expect that the business will report earnings of $1.10 per share. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that follow Bank of Commerce.
Bank of Commerce (NASDAQ:BOCH) last announced its quarterly earnings results on Friday, January 18th. The financial services provider reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.03). The company had revenue of $13.63 million for the quarter, compared to analyst estimates of $13.26 million. Bank of Commerce had a return on equity of 10.78% and a net margin of 27.73%.
BOCH traded down $0.14 during midday trading on Wednesday, hitting $11.02. 179 shares of the company were exchanged, compared to its average volume of 23,327. The company has a market capitalization of $204.90 million, a P/E ratio of 12.67, a P/E/G ratio of 1.50 and a beta of 0.58. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.87 and a current ratio of 0.87. Bank of Commerce has a 1-year low of $8.40 and a 1-year high of $13.20.
In other Bank of Commerce news, Director Karl L. Silberstein bought 3,000 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were purchased at an average cost of $10.80 per share, for a total transaction of $32,400.00. Following the transaction, the director now directly owns 6,500 shares of the company’s stock, valued at $70,200. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 6.41% of the stock is owned by company insiders.
A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. lifted its stake in Bank of Commerce by 10.3% in the 4th quarter. BlackRock Inc. now owns 961,059 shares of the financial services provider’s stock worth $10,532,000 after purchasing an additional 89,526 shares in the last quarter. Panagora Asset Management Inc. grew its stake in shares of Bank of Commerce by 390.7% in the third quarter. Panagora Asset Management Inc. now owns 76,867 shares of the financial services provider’s stock worth $938,000 after acquiring an additional 61,201 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Bank of Commerce by 13.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 488,309 shares of the financial services provider’s stock worth $5,352,000 after acquiring an additional 57,763 shares in the last quarter. Martingale Asset Management L P grew its stake in shares of Bank of Commerce by 137.2% in the fourth quarter. Martingale Asset Management L P now owns 92,534 shares of the financial services provider’s stock worth $1,015,000 after acquiring an additional 53,519 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Bank of Commerce by 38.8% during the third quarter. Renaissance Technologies LLC now owns 147,700 shares of the financial services provider’s stock worth $1,802,000 after purchasing an additional 41,318 shares in the last quarter. 49.77% of the stock is currently owned by hedge funds and other institutional investors.
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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