Wall Street analysts forecast that Bank of Commerce Holdings (NASDAQ:BOCH) will report earnings per share (EPS) of $0.24 for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Bank of Commerce’s earnings, with the lowest EPS estimate coming in at $0.23 and the highest estimate coming in at $0.25. Bank of Commerce reported earnings per share of $0.15 in the same quarter last year, which suggests a positive year over year growth rate of 60%. The business is expected to issue its next earnings results on Friday, January 18th.

On average, analysts expect that Bank of Commerce will report full year earnings of $0.91 per share for the current fiscal year, with EPS estimates ranging from $0.90 to $0.92. For the next financial year, analysts anticipate that the business will post earnings of $1.08 per share, with EPS estimates ranging from $1.05 to $1.10. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow Bank of Commerce.

Bank of Commerce (NASDAQ:BOCH) last announced its earnings results on Friday, October 19th. The financial services provider reported $0.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.03. Bank of Commerce had a return on equity of 10.35% and a net margin of 19.75%. The firm had revenue of $13.07 million for the quarter, compared to the consensus estimate of $12.85 million.

BOCH has been the subject of a number of research reports. ValuEngine raised Bank of Commerce from a “sell” rating to a “hold” rating in a research report on Friday, December 21st. Zacks Investment Research raised Bank of Commerce from a “hold” rating to a “strong-buy” rating and set a $14.00 price objective for the company in a report on Wednesday, October 10th. Finally, DA Davidson decreased their price objective on Bank of Commerce from $14.00 to $13.50 and set a “neutral” rating for the company in a report on Tuesday, October 9th.

BOCH traded up $0.05 on Thursday, reaching $10.94. 22,200 shares of the stock were exchanged, compared to its average volume of 18,658. Bank of Commerce has a fifty-two week low of $8.40 and a fifty-two week high of $13.20. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a market cap of $178.20 million, a P/E ratio of 17.19, a P/E/G ratio of 1.45 and a beta of 0.54.

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 11th. Stockholders of record on Wednesday, January 2nd were issued a $0.04 dividend. The ex-dividend date was Monday, December 31st. This represents a $0.16 annualized dividend and a dividend yield of 1.46%. Bank of Commerce’s dividend payout ratio (DPR) is presently 25.00%.

In related news, CFO James A. Sundquist acquired 10,000 shares of the firm’s stock in a transaction dated Wednesday, October 24th. The stock was acquired at an average price of $11.49 per share, with a total value of $114,900.00. Following the acquisition, the chief financial officer now directly owns 116,999 shares in the company, valued at approximately $1,344,318.51. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO James A. Sundquist acquired 2,500 shares of the firm’s stock in a transaction dated Thursday, December 13th. The stock was bought at an average cost of $10.70 per share, with a total value of $26,750.00. The disclosure for this purchase can be found here. In the last three months, insiders bought 21,000 shares of company stock valued at $236,620. Insiders own 6.41% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BOCH. LPL Financial LLC acquired a new position in Bank of Commerce in the 3rd quarter worth about $122,000. JPMorgan Chase & Co. raised 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 worth $289,000 after purchasing an additional 20,627 shares during the period. Bailard Inc. acquired a new position in Bank of Commerce in the 3rd quarter worth about $310,000. Martingale Asset Management L P raised 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 worth $476,000 after purchasing an additional 8,605 shares during the period. Finally, Bank of America Corp DE raised its holdings in Bank of Commerce by 2,671.9% in the 2nd quarter. Bank of America Corp DE now owns 42,632 shares of the financial services provider’s stock worth $544,000 after purchasing an additional 41,094 shares during the period. 55.44% of the stock is owned by 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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