Bank of Commerce (BOCH) Issues Earnings Results, Beats Estimates By $0.03 EPS
Bank of Commerce (NASDAQ:BOCH) announced its quarterly earnings data on Friday. The financial services provider reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $13.07 million during the quarter, compared to analyst estimates of $12.85 million.
NASDAQ:BOCH traded down $0.11 during trading hours on Friday, reaching $11.43. The company had a trading volume of 73,491 shares, compared to its average volume of 32,762. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.66. Bank of Commerce has a 52 week low of $8.40 and a 52 week high of $13.20. The company has a market cap of $188.31 million, a PE ratio of 17.86, a price-to-earnings-growth ratio of 1.33 and a beta of 0.38.
The business also recently announced a quarterly dividend, which was paid on Friday, October 12th. Shareholders of record on Tuesday, October 2nd were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date was Monday, October 1st. Bank of Commerce’s dividend payout ratio (DPR) is presently 25.00%.
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.
See Also: Return on Equity (ROE)
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