Bank of Commerce (BOCH) Announces Quarterly Earnings Results

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Bank of Commerce (NASDAQ:BOCH) issued its quarterly earnings data on Friday. The financial services provider reported $0.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.03, MarketWatch Earnings reports. Bank of Commerce had a net margin of 18.19% and a return on equity of 9.54%. The business had revenue of $13.07 million during the quarter, compared to analyst estimates of $12.85 million.

Shares of BOCH stock traded down $0.11 during trading hours on Friday, hitting $11.43. 73,491 shares of the company’s stock traded hands, compared to its average volume of 32,762. Bank of Commerce has a 12-month low of $8.40 and a 12-month high of $13.20. The firm has a market capitalization of $188.31 million, a price-to-earnings ratio of 17.86, a PEG ratio of 1.33 and a beta of 0.38. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.92 and a current ratio of 0.92.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 12th. Stockholders of record on Tuesday, October 2nd were issued a dividend of $0.04 per share. The ex-dividend date was Monday, October 1st. This represents a $0.16 annualized dividend and a dividend yield of 1.40%. Bank of Commerce’s payout ratio is 25.00%.

Several equities analysts have recently issued reports on BOCH shares. Zacks Investment Research lowered shares of Bank of Commerce from a “strong-buy” rating to a “hold” rating in a report on Monday, September 24th. DA Davidson lowered their target price on shares of Bank of Commerce from $14.00 to $13.50 and set a “neutral” rating for the company in a report on Tuesday, October 9th. Finally, ValuEngine lowered shares of Bank of Commerce from a “buy” rating to a “hold” rating in a report on Friday, August 3rd.

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. The company's deposit products include checking, interest-bearing checking, money market, and savings accounts, as well as certificates of deposit.

Further Reading: What are retained earnings?

Earnings History for Bank of Commerce (NASDAQ:BOCH)

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