$12.18 Million in Sales Expected for Bank of Commerce Holdings (BOCH) This Quarter

Wall Street brokerages expect Bank of Commerce Holdings (NASDAQ:BOCH) to report $12.18 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for Bank of Commerce’s earnings, with estimates ranging from $12.10 million to $12.25 million. Bank of Commerce posted sales of $11.28 million in the same quarter last year, which suggests a positive year-over-year growth rate of 8%. The firm is scheduled to announce its next quarterly earnings report on Thursday, April 19th.

On average, analysts expect that Bank of Commerce will report full year sales of $12.18 million for the current fiscal year, with estimates ranging from $50.50 million to $50.57 million. For the next financial year, analysts forecast that the company will post sales of $54.82 million per share, with estimates ranging from $54.44 million to $55.20 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Bank of Commerce.

Bank of Commerce (NASDAQ:BOCH) last issued its earnings results on Friday, January 19th. The financial services provider reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04). Bank of Commerce had a return on equity of 8.42% and a net margin of 14.47%. The firm had revenue of $12.15 million for the quarter, compared to analysts’ expectations of $12.18 million.

A number of equities analysts have commented on BOCH shares. Zacks Investment Research raised shares of Bank of Commerce from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Tuesday, October 24th. ValuEngine cut shares of Bank of Commerce from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st.

Bank of Commerce (NASDAQ BOCH) opened at $11.05 on Monday. 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 $9.54 and a 52 week high of $12.40. The company has a market cap of $179.81, a PE ratio of 22.10, a price-to-earnings-growth ratio of 2.02 and a beta of 0.37.

In related news, EVP Robert H. Muttera purchased 4,780 shares of the company’s stock in a transaction on Monday, February 5th. The stock was acquired at an average cost of $11.50 per share, for a total transaction of $54,970.00. Following the completion of the transaction, the executive vice president now directly owns 90,156 shares in the company, valued at $1,036,794. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO James A. Sundquist purchased 2,500 shares of the company’s stock in a transaction on Monday, February 5th. The shares were bought at an average price of $11.25 per share, with a total value of $28,125.00. Following the completion of the transaction, the chief financial officer now owns 108,499 shares of the company’s stock, valued at $1,220,613.75. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 14,503 shares of company stock valued at $166,260. Company insiders own 6.92% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new stake in shares of Bank of Commerce during the third quarter valued at about $109,000. Nationwide Fund Advisors increased its position in shares of 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 valued at $111,000 after acquiring an additional 8,387 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Bank of Commerce during the second quarter valued at about $111,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Bank of Commerce during the third quarter valued at about $122,000. Finally, D.A. Davidson & CO. acquired a new stake in shares of Bank of Commerce during the third quarter valued at about $136,000. Institutional investors and hedge funds own 52.25% of the company’s stock.

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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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