DA Davidson Reviews in on Bank of Commerce Stake’ Q1 2019 Revenue (BOCH)

DA Davidson Reviews in on Bank of Commerce Stake’ Q1 2019 Revenue (BOCH)

Bank of Commerce Holdings (NASDAQ:BOCH) – Research analysts at DA Davidson issued their Q1 2019 earnings per share estimates for shares of Bank of Commerce in a research report issued on Monday, October 8th. DA Davidson analyst J. Rulis anticipates that the financial services provider will post earnings per share of $0.25 for the quarter. DA Davidson has a “Neutral” rating and a $13.50 price objective on the stock. DA Davidson also issued estimates for Bank of Commerce’s Q2 2019 earnings at $0.25 EPS, Q3 2019 earnings at $0.26 EPS, Q4 2019 earnings at $0.27 EPS, FY2019 earnings at $1.03 EPS and FY2020 earnings at $1.10 EPS.

A number of other equities research analysts have also issued reports on BOCH. ValuEngine raised shares of Bank of Commerce from a “hold” rating to a “buy” rating in a report on Friday, June 29th. Zacks Investment Research lowered shares of Bank of Commerce from a “buy” rating to a “hold” rating in a report on Monday, June 25th.

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Shares of Bank of Commerce stock opened at $12.22 on Wednesday. The firm has a market capitalization of $199.08 million, a price-to-earnings ratio of 19.09, a PEG ratio of 1.41 and a beta of 0.38. Bank of Commerce has a 12-month low of $8.40 and a 12-month high of $13.20. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.92 and a current ratio of 0.92.

Bank of Commerce (NASDAQ:BOCH) last released its earnings results on Friday, July 20th. The financial services provider reported $0.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.03. The company had revenue of $12.54 million for the quarter, compared to analyst estimates of $12.46 million. Bank of Commerce had a net margin of 18.19% and a return on equity of 9.54%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of Bank of Commerce by 15.2% during the 2nd quarter. BlackRock Inc. now owns 826,305 shares of the financial services provider’s stock valued at $10,536,000 after purchasing an additional 109,215 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Bank of Commerce by 13.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 373,390 shares of the financial services provider’s stock valued at $4,761,000 after purchasing an additional 43,001 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Bank of Commerce by 2.1% during the 1st quarter. The Manufacturers Life Insurance Company now owns 213,868 shares of the financial services provider’s stock valued at $2,492,000 after purchasing an additional 4,476 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Bank of Commerce by 55.8% during the 2nd quarter. Renaissance Technologies LLC now owns 106,382 shares of the financial services provider’s stock valued at $1,356,000 after purchasing an additional 38,102 shares in the last quarter. Finally, Raymond James & Associates boosted its stake in shares of Bank of Commerce by 5.0% during the 2nd quarter. Raymond James & Associates now owns 93,346 shares of the financial services provider’s stock valued at $1,190,000 after purchasing an additional 4,440 shares in the last quarter. 55.96% of the stock is currently owned by hedge funds and other institutional investors.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 12th. Shareholders of record on Tuesday, October 2nd will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Monday, October 1st. Bank of Commerce’s dividend payout ratio (DPR) is presently 25.00%.

Bank of Commerce Company Profile

Bank of Commerce Holdings operates as the bank holding company for Redding Bank of Commerce that provides a range of financial services and products for retail customers and small to medium sized businesses in California. The company's deposit products include checking, interest-bearing checking, money market, and savings accounts, as well as certificates of deposit.

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