Bank of Commerce Holdings (NASDAQ:BOCH) Receives Consensus Recommendation of “Hold” from Brokerages

Bank of Commerce Holdings (NASDAQ:BOCH) has received a consensus broker rating score of 2.50 (Hold) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and one has assigned a buy rating to the company.

Analysts have set a 1-year consensus price objective of $11.75 for the company and are forecasting that the company will post $0.26 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Bank of Commerce an industry rank of 176 out of 255 based on the ratings given to its competitors.

BOCH has been the subject of a number of analyst reports. ValuEngine raised Bank of Commerce from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. TheStreet raised Bank of Commerce from a “f” rating to a “b” rating in a research note on Wednesday, September 18th. Raymond James increased their target price on Bank of Commerce from $11.50 to $12.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Finally, Zacks Investment Research downgraded Bank of Commerce from a “hold” rating to a “sell” rating in a research note on Friday, October 18th.

A number of large investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. raised its stake in Bank of Commerce by 5,263.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 14,214 shares of the financial services provider’s stock valued at $155,000 after purchasing an additional 13,949 shares during the period. Squarepoint Ops LLC grew its holdings in Bank of Commerce by 39.9% during the 3rd quarter. Squarepoint Ops LLC now owns 14,559 shares of the financial services provider’s stock worth $159,000 after acquiring an additional 4,154 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in Bank of Commerce during the 2nd quarter worth approximately $164,000. DeDora Capital Inc. bought a new stake in Bank of Commerce during the 2nd quarter worth approximately $174,000. Finally, LPL Financial LLC grew its holdings in Bank of Commerce by 17.3% during the 2nd quarter. LPL Financial LLC now owns 21,686 shares of the financial services provider’s stock worth $232,000 after acquiring an additional 3,191 shares during the last quarter. 51.04% of the stock is currently owned by institutional investors.

Shares of BOCH stock traded up $0.09 during trading hours on Tuesday, reaching $12.14. 26,433 shares of the company’s stock were exchanged, compared to its average volume of 21,267. The company has a market cap of $218.79 million, a P/E ratio of 13.95 and a beta of 0.66. The company’s 50 day moving average is $11.41 and its two-hundred day moving average is $10.75. Bank of Commerce has a 1 year low of $9.51 and a 1 year high of $12.31. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.88 and a quick ratio of 0.88.

Bank of Commerce (NASDAQ:BOCH) last issued its earnings results on Friday, October 18th. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. The business had revenue of $14.73 million during the quarter, compared to the consensus estimate of $14.80 million. Bank of Commerce had a return on equity of 9.93% and a net margin of 24.57%. As a group, analysts predict that Bank of Commerce will post 0.95 EPS for the current fiscal year.

About Bank of Commerce

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. Its deposit products include checking, interest-bearing checking, money market, and savings accounts, as well as certificates of deposit.

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