Shares of Bank of Commerce Holdings (NASDAQ:BOCH) have received an average broker rating score of 2.50 (Hold) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and one has issued a buy recommendation on the company.
Brokers have set a 12-month consensus target price of $12.25 for the company and are forecasting that the company will post $0.19 earnings per share for the current quarter, according to Zacks. Zacks has also given Bank of Commerce an industry rank of 17 out of 265 based on the ratings given to its competitors.
A number of brokerages recently issued reports on BOCH. Zacks Investment Research downgraded shares of Bank of Commerce from a “buy” rating to a “hold” rating in a research note on Thursday, September 14th. ValuEngine downgraded shares of Bank of Commerce from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st.
Bank of Commerce (NASDAQ:BOCH) last posted its quarterly earnings data on Friday, October 20th. The financial services provider reported $0.18 EPS for the quarter, beating the Thomson Reuters’ 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 business had revenue of $11.58 million during the quarter, compared to analyst estimates of $11.67 million. sell-side analysts expect that Bank of Commerce will post 0.69 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Tuesday, January 2nd will be given a dividend of $0.03 per share. The ex-dividend date is Friday, December 29th. This represents a $0.12 annualized dividend and a dividend yield of 1.07%. Bank of Commerce’s dividend payout ratio is presently 17.91%.
Large investors have recently modified their holdings of the company. SG Americas Securities LLC purchased a new stake in shares of Bank of Commerce during the 3rd quarter worth approximately $109,000. GSA Capital Partners LLP purchased a new stake in shares of Bank of Commerce during the 2nd quarter worth approximately $111,000. Nationwide Fund Advisors lifted its position in shares of Bank of Commerce by 512.7% during the 2nd quarter. Nationwide Fund Advisors now owns 10,023 shares of the financial services provider’s stock worth $111,000 after buying an additional 8,387 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Bank of Commerce during the 3rd quarter worth approximately $122,000. Finally, D.A. Davidson & CO. acquired a new position in shares of Bank of Commerce in the 3rd quarter valued at $136,000. Institutional investors and hedge funds own 52.21% of the company’s stock.
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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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