Brokerages expect that Bank of Commerce Holdings (CA) (NASDAQ:BOCH) will announce $12.18 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Bank of Commerce Holdings (CA)’s earnings, with the highest sales estimate coming in at $12.26 million and the lowest estimate coming in at $12.10 million. Bank of Commerce Holdings (CA) reported sales of $10.68 million during the same quarter last year, which indicates a positive year over year growth rate of 14%. The firm is scheduled to issue its next earnings report on Friday, January 19th.

According to Zacks, analysts expect that Bank of Commerce Holdings (CA) will report full year sales of $12.18 million for the current financial year, with estimates ranging from $46.10 million to $46.27 million. For the next fiscal year, analysts forecast that the firm will post sales of $49.79 million per share, with estimates ranging from $49.17 million to $50.40 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow Bank of Commerce Holdings (CA).

Bank of Commerce Holdings (CA) (NASDAQ:BOCH) last released its earnings results on Friday, October 20th. The financial services provider reported $0.18 EPS for the quarter, beating the consensus estimate of $0.16 by $0.02. Bank of Commerce Holdings (CA) had a net margin of 19.58% and a return on equity of 9.13%. The firm had revenue of $11.58 million for the quarter, compared to analyst estimates of $11.67 million.

A number of brokerages recently weighed in on BOCH. Zacks Investment Research raised shares of 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 Tuesday, October 24th. ValuEngine cut shares of Bank of Commerce Holdings (CA) from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd.

Bank of Commerce Holdings (NASDAQ BOCH) traded up 2.56% during trading on Friday, reaching $12.00. 70,218 shares of the company’s stock traded hands. The company’s 50 day moving average is $11.12 and its 200-day moving average is $10.91. The stock has a market cap of $195.12 million, a price-to-earnings ratio of 18.24 and a beta of 0.43. Bank of Commerce Holdings has a 52-week low of $7.00 and a 52-week high of $12.40.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Tuesday, October 3rd were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.00%. The ex-dividend date was Monday, October 2nd. Bank of Commerce Holdings (CA)’s dividend payout ratio is currently 17.91%.

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Several institutional investors and hedge funds have recently bought and sold shares of BOCH. Nationwide Fund Advisors raised its position in shares of Bank of Commerce Holdings (CA) by 512.7% in the 2nd 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 during the last quarter. GSA Capital Partners LLP bought a new stake in Bank of Commerce Holdings (CA) in the 2nd quarter worth about $111,000. First Trust Advisors LP bought a new stake in Bank of Commerce Holdings (CA) in the 3rd quarter worth about $139,000. Bank of New York Mellon Corp increased its holdings in Bank of Commerce Holdings (CA) by 14.2% in the 1st quarter. Bank of New York Mellon Corp now owns 13,223 shares of the financial services provider’s stock worth $142,000 after buying an additional 1,645 shares in the last quarter. Finally, Rhumbline Advisers bought a new stake in Bank of Commerce Holdings (CA) in the 2nd quarter worth about $178,000. 51.62% of the stock is owned by hedge funds and other institutional investors.

About Bank of Commerce Holdings (CA)

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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