Equities analysts predict that Bank of Commerce Holdings (CA) (NASDAQ:BOCH) will report $0.16 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Bank of Commerce Holdings (CA)’s earnings, with the highest EPS estimate coming in at $0.16 and the lowest estimate coming in at $0.15. Bank of Commerce Holdings (CA) posted earnings per share of $0.18 during the same quarter last year, which would suggest a negative year-over-year growth rate of 11.1%. The company is expected to announce its next quarterly earnings report on Friday, October 20th.

According to Zacks, analysts expect that Bank of Commerce Holdings (CA) will report full-year earnings of $0.63 per share for the current year, with EPS estimates ranging from $0.62 to $0.64. For the next year, analysts anticipate that the firm will report earnings of $0.74 per share, with EPS estimates ranging from $0.73 to $0.75. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that cover Bank of Commerce Holdings (CA).

Bank of Commerce Holdings (CA) (NASDAQ:BOCH) last posted its quarterly earnings data on Friday, July 21st. The financial services provider reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.01. The firm had revenue of $11.16 million for the quarter, compared to the consensus estimate of $11.23 million. Bank of Commerce Holdings (CA) had a net margin of 19.12% and a return on equity of 8.88%.

A number of equities research analysts have recently commented on the company. Zacks Investment Research raised Bank of Commerce Holdings (CA) from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Friday. ValuEngine raised Bank of Commerce Holdings (CA) from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BOCH. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of Bank of Commerce Holdings (CA) in the second quarter worth $4,692,000. Wellington Management Group LLP boosted its position in shares of Bank of Commerce Holdings (CA) by 222.9% during the first quarter. Wellington Management Group LLP now owns 333,184 shares of the financial services provider’s stock valued at $3,565,000 after buying an additional 229,988 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Bank of Commerce Holdings (CA) by 472.0% during the second quarter. The Manufacturers Life Insurance Company now owns 209,521 shares of the financial services provider’s stock valued at $2,315,000 after buying an additional 172,891 shares during the last quarter. State Street Corp purchased a new stake in shares of Bank of Commerce Holdings (CA) during the second quarter valued at $1,908,000. Finally, Banc Funds Co. LLC boosted its position in shares of Bank of Commerce Holdings (CA) by 16.4% during the second quarter. Banc Funds Co. LLC now owns 1,067,326 shares of the financial services provider’s stock valued at $11,794,000 after buying an additional 150,000 shares during the last quarter. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Bank of Commerce Holdings (NASDAQ BOCH) opened at 10.55 on Tuesday. Bank of Commerce Holdings has a 12-month low of $7.00 and a 12-month high of $11.90. The stock has a market capitalization of $171.54 million, a P/E ratio of 16.03 and a beta of 0.43. The firm’s 50-day moving average is $10.33 and its 200-day moving average is $10.76.

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Bank of Commerce Holdings (CA) 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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