Bank of Commerce Holdings (CA) (BOCH) Set to Announce Earnings on Thursday
Bank of Commerce Holdings (CA) (NASDAQ:BOCH) is set to post its quarterly earnings results on Thursday, October 19th.
Bank of Commerce Holdings (CA) (NASDAQ:BOCH) last posted its earnings results on Friday, July 21st. The financial services provider reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. The firm had revenue of $11.16 million during the quarter, compared to analysts’ expectations of $11.23 million. Bank of Commerce Holdings (CA) had a net margin of 19.12% and a return on equity of 8.88%. On average, analysts expect Bank of Commerce Holdings (CA) to post $0.63 EPS for the current fiscal year and $0.74 EPS for the next fiscal year.
Bank of Commerce Holdings (NASDAQ:BOCH) opened at 11.50 on Thursday. The company has a market cap of $186.99 million, a PE ratio of 17.48 and a beta of 0.43. Bank of Commerce Holdings has a 12-month low of $7.00 and a 12-month high of $11.90. The stock has a 50 day moving average of $10.76 and a 200-day moving average of $10.87.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Tuesday, October 3rd will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.04%. The ex-dividend date is Monday, October 2nd. Bank of Commerce Holdings (CA)’s payout ratio is 17.91%.
BOCH has been the subject of several recent analyst reports. Zacks Investment Research raised Bank of Commerce Holdings (CA) from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. ValuEngine raised Bank of Commerce Holdings (CA) from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st.
Several hedge funds and other institutional investors have recently modified their holdings of BOCH. Northern Trust Corp grew its holdings in shares of Bank of Commerce Holdings (CA) by 239.8% during the second quarter. Northern Trust Corp now owns 53,159 shares of the financial services provider’s stock worth $587,000 after purchasing an additional 37,516 shares in the last quarter. State Street Corp purchased a new position in shares of Bank of Commerce Holdings (CA) during the second quarter worth about $1,908,000. Finally, California State Teachers Retirement System purchased a new position in shares of Bank of Commerce Holdings (CA) during the second quarter worth about $303,000. 51.56% of the stock is owned by institutional investors.
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About Bank of Commerce Holdings (CA)
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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