Analysts expect that Bank of Commerce Holdings (NASDAQ:BOCH) will report $12.18 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Bank of Commerce’s earnings, with the highest sales estimate coming in at $12.26 million and the lowest estimate coming in at $12.10 million. Bank of Commerce posted sales of $10.68 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 14%. The firm is expected to announce its next earnings report on Friday, January 19th.

According to Zacks, analysts expect that Bank of Commerce will report full year sales of $12.18 million for the current fiscal year, with estimates ranging from $46.10 million to $46.27 million. For the next fiscal 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 Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Bank of Commerce.

Bank of Commerce (NASDAQ:BOCH) last announced its earnings results on Friday, October 20th. The financial services provider reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.02. Bank of Commerce had a net margin of 19.58% and a return on equity of 8.66%. The firm had revenue of $11.58 million for the quarter, compared to the consensus estimate of $11.67 million.

A number of equities research analysts have commented on the stock. ValuEngine raised shares of Bank of Commerce from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Zacks Investment Research downgraded shares of Bank of Commerce from a “buy” rating to a “hold” rating in a research report on Thursday, September 14th.

Large investors have recently made changes to their positions in the business. Banc Funds Co. LLC boosted its holdings in shares of Bank of Commerce by 16.4% in the 2nd 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 in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Bank of Commerce by 5.2% in the 2nd quarter. Vanguard Group Inc. now owns 700,908 shares of the financial services provider’s stock valued at $7,745,000 after buying an additional 34,853 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Bank of Commerce by 11.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 229,911 shares of the financial services provider’s stock valued at $2,541,000 after buying an additional 23,584 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Bank of Commerce by 472.0% in the 2nd 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 in the last quarter. Finally, Foundry Partners LLC boosted its holdings in shares of Bank of Commerce by 8.5% in the 3rd quarter. Foundry Partners LLC now owns 177,005 shares of the financial services provider’s stock valued at $2,036,000 after buying an additional 13,875 shares in the last quarter. 52.21% of the stock is currently owned by institutional investors.

Shares of Bank of Commerce (NASDAQ BOCH) opened at $12.10 on Wednesday. Bank of Commerce has a 52-week low of $8.55 and a 52-week high of $12.40. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market cap of $196.89, a P/E ratio of 18.28, a price-to-earnings-growth ratio of 2.55 and a beta of 0.42.

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About Bank of Commerce

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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