Zacks: Bank of Commerce Holdings (BOCH) Given $12.25 Consensus Target Price by Analysts

Bank of Commerce Holdings (NASDAQ:BOCH) has been assigned an average broker rating score of 2.50 (Hold) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and one has issued a buy rating on the company.

Analysts have set a 1 year consensus price target of $12.25 for the company and are anticipating that the company will post $0.19 EPS for the current quarter, according to Zacks. Zacks has also assigned Bank of Commerce an industry rank of 6 out of 265 based on the ratings given to its competitors.

A number of analysts have issued reports on BOCH shares. ValuEngine downgraded shares of Bank of Commerce from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research upgraded shares of Bank of Commerce from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a report on Tuesday, January 2nd.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased 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 worth $7,745,000 after buying an additional 34,853 shares during the last quarter. Schwab Charles Investment Management Inc. bought a new stake in shares of Bank of Commerce in the 2nd quarter worth about $302,000. The Manufacturers Life Insurance Company increased 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 worth $2,315,000 after buying an additional 172,891 shares during the last quarter. Teachers Advisors LLC bought a new stake in shares of Bank of Commerce in the 2nd quarter worth about $311,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of Bank of Commerce by 366.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 61,720 shares of the financial services provider’s stock worth $682,000 after buying an additional 48,497 shares during the last quarter. Institutional investors own 52.21% of the company’s stock.

Bank of Commerce (NASDAQ:BOCH) traded up $0.05 on Friday, hitting $11.45. 39,400 shares of the company were exchanged, compared to its average volume of 39,658. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.85 and a current ratio of 0.85. Bank of Commerce has a 52 week low of $9.10 and a 52 week high of $12.40. The stock has a market cap of $185.50, a PE ratio of 17.09, a price-to-earnings-growth ratio of 1.96 and a beta of 0.43.

Bank of Commerce (NASDAQ:BOCH) last released its earnings results on Friday, October 20th. The financial services provider reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. The company had revenue of $11.58 million for the quarter, compared to analysts’ expectations of $11.67 million. Bank of Commerce had a net margin of 19.58% and a return on equity of 8.66%. equities research analysts anticipate that Bank of Commerce will post 0.69 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Tuesday, January 2nd were issued a $0.03 dividend. The ex-dividend date was Friday, December 29th. This represents a $0.12 dividend on an annualized basis and a yield of 1.05%. Bank of Commerce’s dividend payout ratio is currently 17.91%.

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Bank of Commerce 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.

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