Bank of Commerce Holdings (BOCH) Given $13.75 Average Target Price by Analysts

Shares of Bank of Commerce Holdings (NASDAQ:BOCH) have received an average broker rating score of 2.50 (Hold) from the two brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and one has issued a buy rating on the company.

Brokers have set a twelve-month consensus price objective of $13.75 for the company and are anticipating that the company will post $0.22 EPS for the current quarter, according to Zacks. Zacks has also given Bank of Commerce an industry rank of 105 out of 255 based on the ratings given to related companies.

A number of research analysts recently commented on BOCH shares. Zacks Investment Research downgraded Bank of Commerce from a “buy” rating to a “hold” rating in a research note on Monday, June 25th. DA Davidson lowered their price objective on Bank of Commerce from $14.00 to $13.50 and set a “neutral” rating for the company in a research note on Tuesday, October 9th. Finally, ValuEngine upgraded Bank of Commerce from a “hold” rating to a “buy” rating in a research note on Friday, June 29th.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Raymond James & Associates grew its stake in 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 worth $1,190,000 after buying an additional 4,440 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in 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 worth $2,492,000 after buying an additional 4,476 shares during the last quarter. Acadian Asset Management LLC grew its stake in Bank of Commerce by 37.7% during the 2nd quarter. Acadian Asset Management LLC now owns 48,870 shares of the financial services provider’s stock worth $624,000 after buying an additional 13,380 shares during the last quarter. Renaissance Technologies LLC boosted its position in 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 worth $1,356,000 after acquiring an additional 38,102 shares during the period. Finally, Bank of America Corp DE boosted its position in Bank of Commerce by 2,671.9% during the 2nd quarter. Bank of America Corp DE now owns 42,632 shares of the financial services provider’s stock worth $544,000 after acquiring an additional 41,094 shares during the period. Hedge funds and other institutional investors own 55.96% of the company’s stock.

Shares of NASDAQ BOCH opened at $11.54 on Friday. Bank of Commerce has a twelve month low of $8.40 and a twelve month high of $13.20. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $199.08 million, a PE ratio of 18.03, a PEG ratio of 1.41 and a beta of 0.38.

Bank of Commerce (NASDAQ:BOCH) last issued its quarterly earnings data on Friday, July 20th. The financial services provider reported $0.22 EPS for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.03. The firm had revenue of $12.54 million during the quarter, compared to the consensus estimate of $12.46 million. Bank of Commerce had a return on equity of 9.54% and a net margin of 18.19%. On average, equities analysts forecast that Bank of Commerce will post 0.87 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 12th. Investors of record on Tuesday, October 2nd were paid a dividend of $0.04 per share. The ex-dividend date was Monday, October 1st. This represents a $0.16 dividend on an annualized basis and a yield of 1.39%. Bank of Commerce’s payout ratio is currently 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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