Analysts Set $12.75 Price Target for Bank of Commerce Holdings (BOCH)

Bank of Commerce Holdings (NASDAQ:BOCH) has earned a consensus broker rating score of 2.50 (Hold) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has given a buy rating to the company.

Analysts have set a twelve-month consensus price target of $12.75 for the company and are predicting that the company will post $0.18 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Bank of Commerce an industry rank of 17 out of 265 based on the ratings given to related companies.

A number of research firms have recently weighed in on BOCH. Zacks Investment Research cut Bank of Commerce from a “hold” rating to a “sell” rating in a report on Thursday. ValuEngine cut Bank of Commerce from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st.

Shares of Bank of Commerce (BOCH) opened at $11.10 on Thursday. The firm has a market capitalization of $178.99, a P/E ratio of 22.20, a PEG ratio of 2.01 and a beta of 0.37. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.22. Bank of Commerce has a twelve month low of $9.54 and a twelve month high of $12.40.

Bank of Commerce (NASDAQ:BOCH) last released its quarterly earnings results on Friday, January 19th. The financial services provider reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.04). The business had revenue of $12.15 million for the quarter, compared to the consensus estimate of $12.18 million. Bank of Commerce had a net margin of 14.47% and a return on equity of 8.42%. sell-side analysts forecast that Bank of Commerce will post 0.78 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Tuesday, January 2nd were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, December 29th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.08%. Bank of Commerce’s dividend payout ratio (DPR) is presently 24.00%.

In other news, EVP Robert H. Muttera bought 4,780 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The shares were purchased at an average price of $11.50 per share, with a total value of $54,970.00. Following the completion of the acquisition, the executive vice president now directly owns 90,156 shares in the company, valued at $1,036,794. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lyle L. Tullis bought 4,500 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were purchased at an average cost of $11.55 per share, for a total transaction of $51,975.00. Following the acquisition, the director now owns 255,365 shares of the company’s stock, valued at $2,949,465.75. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 14,503 shares of company stock worth $166,260. Corporate insiders own 6.92% of the company’s stock.

Large investors have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new stake in Bank of Commerce during the third quarter worth approximately $109,000. GSA Capital Partners LLP bought a new stake in Bank of Commerce during the second quarter worth approximately $111,000. Nationwide Fund Advisors raised its holdings in Bank of Commerce by 512.7% during the second quarter. Nationwide Fund Advisors now owns 10,023 shares of the financial services provider’s stock worth $111,000 after purchasing an additional 8,387 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Bank of Commerce during the third quarter worth approximately $122,000. Finally, D.A. Davidson & CO. acquired a new position in Bank of Commerce in the third quarter worth approximately $136,000. 52.25% of the stock is currently owned by hedge funds and other institutional investors.

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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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