Analysts forecast that Bank of Commerce Holdings (NASDAQ:BOCH) will announce $12.18 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Bank of Commerce Holdings’ earnings, with estimates ranging from $12.10 million to $12.26 million. Bank of Commerce Holdings reported sales of $10.68 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 14%. The company is scheduled to report its next earnings report on Friday, January 19th.

On average, analysts expect that Bank of Commerce Holdings will report full year sales of $12.18 million for the current financial year, with estimates ranging from $46.10 million to $46.27 million. For the next year, analysts expect that the business will post sales of $49.79 million per share, with estimates ranging from $49.17 million to $50.40 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Bank of Commerce Holdings.

Bank of Commerce Holdings (NASDAQ:BOCH) last posted its quarterly earnings results on Friday, October 20th. The financial services provider reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.02. Bank of Commerce Holdings had a return on equity of 9.07% and a net margin of 24.84%. The business had revenue of $11.58 million for the quarter, compared to analyst estimates of $11.67 million.

A number of equities research analysts have issued reports on the company. ValuEngine upgraded Bank of Commerce Holdings from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded Bank of Commerce Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th.

TRADEMARK VIOLATION NOTICE: “$12.18 Million in Sales Expected for Bank of Commerce Holdings (BOCH) This Quarter” was originally reported by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another site, it was stolen and republished in violation of US & international trademark and copyright law. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/10/28/12-18-million-in-sales-expected-for-bank-of-commerce-holdings-boch-this-quarter.html.

Bank of Commerce Holdings (BOCH) opened at 11.90 on Friday. The company has a market capitalization of $193.49 million, a price-to-earnings ratio of 18.09 and a beta of 0.43. The company’s 50-day moving average price is $10.98 and its 200 day moving average price is $10.90. Bank of Commerce Holdings has a 52-week low of $7.00 and a 52-week high of $11.90.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Tuesday, October 3rd were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Monday, October 2nd. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.01%. Bank of Commerce Holdings’s dividend payout ratio is 17.91%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in BOCH. Emerald Mutual Fund Advisers Trust bought a new position in shares of Bank of Commerce Holdings during the second quarter valued at approximately $4,692,000. Wellington Management Group LLP grew its stake in shares of Bank of Commerce Holdings by 222.9% during the first quarter. Wellington Management Group LLP now owns 333,184 shares of the financial services provider’s stock valued at $3,565,000 after buying an additional 229,988 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Bank of Commerce Holdings by 472.0% during the second quarter. The Manufacturers Life Insurance Company now owns 209,521 shares of the financial services provider’s stock valued at $2,315,000 after buying an additional 172,891 shares during the last quarter. State Street Corp bought a new position in shares of Bank of Commerce Holdings during the second quarter valued at approximately $1,908,000. Finally, Banc Funds Co. LLC grew its stake in shares of Bank of Commerce Holdings by 16.4% during the second quarter. Banc Funds Co. LLC now owns 1,067,326 shares of the financial services provider’s stock valued at $11,794,000 after buying an additional 150,000 shares during the last quarter. 51.57% of the stock is currently owned by hedge funds and other institutional investors.

Bank of Commerce Holdings Company Profile

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.

Get a free copy of the Zacks research report on Bank of Commerce Holdings (BOCH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Bank of Commerce Holdings Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Commerce Holdings and related companies with MarketBeat.com's FREE daily email newsletter.