Bank of Commerce Holdings (NASDAQ:BOCH) has received an average broker rating score of 2.50 (Hold) from the two brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and one has issued a buy recommendation on the company.
Analysts have set a 1 year consensus price objective of $12.00 for the company and are predicting that the company will post $0.23 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Bank of Commerce an industry rank of 182 out of 256 based on the ratings given to related companies.
BOCH has been the subject of a number of recent analyst reports. Zacks Investment Research raised Bank of Commerce from a “sell” rating to a “hold” rating in a research report on Thursday, February 28th. ValuEngine cut Bank of Commerce from a “hold” rating to a “sell” rating in a research report on Tuesday, March 5th.
NASDAQ BOCH traded down $0.01 during midday trading on Friday, hitting $10.67. 18,483 shares of the company traded hands, compared to its average volume of 25,979. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $193.59 million, a PE ratio of 12.26, a price-to-earnings-growth ratio of 1.76 and a beta of 0.59. Bank of Commerce has a 52 week low of $8.40 and a 52 week high of $13.20.
Bank of Commerce (NASDAQ:BOCH) last posted its quarterly earnings data on Friday, April 19th. The financial services provider reported $0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.02). The business had revenue of $14.06 million during the quarter, compared to analyst estimates of $14.71 million. Bank of Commerce had a return on equity of 10.83% and a net margin of 25.21%. On average, equities analysts predict that Bank of Commerce will post 0.87 earnings per share for the current fiscal year.
In other Bank of Commerce news, Director Karl L. Silberstein acquired 2,907 shares of the stock in a transaction dated Wednesday, May 1st. The stock was purchased at an average price of $10.70 per share, with a total value of $31,104.90. Following the transaction, the director now directly owns 9,795 shares of the company’s stock, valued at $104,806.50. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director David J. Inderkum acquired 2,591 shares of the stock in a transaction dated Thursday, May 30th. The stock was acquired at an average cost of $10.30 per share, with a total value of $26,687.30. Following the transaction, the director now directly owns 28,600 shares in the company, valued at $294,580. The disclosure for this purchase can be found here. Insiders bought a total of 12,613 shares of company stock valued at $133,068 in the last three months. Insiders own 5.67% of the company’s stock.
A number of hedge funds have recently modified their holdings of BOCH. Context BH Capital Management LP raised its stake in Bank of Commerce by 328.3% in the 1st quarter. Context BH Capital Management LP now owns 495,406 shares of the financial services provider’s stock worth $5,227,000 after acquiring an additional 379,737 shares during the last quarter. BlackRock Inc. raised 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 acquiring an additional 89,526 shares during the last quarter. Pacific Ridge Capital Partners LLC raised its stake in Bank of Commerce by 19.1% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 445,746 shares of the financial services provider’s stock worth $4,703,000 after acquiring an additional 71,426 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Bank of Commerce by 12.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 549,474 shares of the financial services provider’s stock worth $5,797,000 after acquiring an additional 61,165 shares during the last quarter. Finally, Martingale Asset Management L P raised its stake in Bank of Commerce by 137.2% in the 4th 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 during the last quarter. Institutional investors own 48.89% of the company’s stock.
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. Its deposit products include checking, interest-bearing checking, money market, and savings accounts, as well as certificates of deposit.
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