Brokerages predict that Bank of Commerce Holdings (NASDAQ:BOCH) will post $14.51 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Bank of Commerce’s earnings. The lowest sales estimate is $14.40 million and the highest is $14.61 million. Bank of Commerce reported sales of $12.33 million in the same quarter last year, which indicates a positive year over year growth rate of 17.7%. The company is scheduled to report its next quarterly earnings report on Friday, April 19th.

According to Zacks, analysts expect that Bank of Commerce will report full-year sales of $61.39 million for the current financial year, with estimates ranging from $60.48 million to $62.30 million. For the next financial year, analysts forecast that the firm will report sales of $66.16 million, with estimates ranging from $65.01 million to $67.30 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Bank of Commerce.

Bank of Commerce (NASDAQ:BOCH) last released its quarterly earnings data on Friday, January 18th. The financial services provider reported $0.21 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.03). Bank of Commerce had a return on equity of 10.78% and a net margin of 27.73%. The business had revenue of $13.63 million during the quarter, compared to the consensus estimate of $13.26 million.

Several equities research analysts recently commented on the company. Zacks Investment Research upgraded Bank of Commerce from a “sell” rating to a “hold” rating in a report on Wednesday, March 13th. ValuEngine cut Bank of Commerce from a “hold” rating to a “sell” rating in a research report on Tuesday, March 5th.

In other news, Director Karl L. Silberstein bought 3,000 shares of the company’s stock in a transaction on Friday, March 8th. The shares were acquired at an average cost of $10.80 per share, with a total value of $32,400.00. Following the completion of the transaction, the director now owns 6,500 shares of the company’s stock, valued at approximately $70,200. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 6.41% of the company’s stock.

Large investors have recently made changes to their positions in the business. O Shaughnessy Asset Management LLC purchased a new position in shares of Bank of Commerce during the 4th quarter valued at about $56,000. Menta Capital LLC purchased a new position in shares of Bank of Commerce during the 4th quarter valued at about $118,000. LPL Financial LLC purchased a new position in shares of Bank of Commerce during the 3rd quarter valued at about $122,000. Mackay Shields LLC purchased a new position in shares of Bank of Commerce during the 4th quarter valued at about $168,000. Finally, Rhumbline Advisers lifted its position in shares of Bank of Commerce by 46.9% during the 4th quarter. Rhumbline Advisers now owns 21,341 shares of the financial services provider’s stock valued at $234,000 after buying an additional 6,812 shares in the last quarter. 49.77% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ BOCH traded up $0.02 during trading hours on Friday, hitting $10.42. The company’s stock had a trading volume of 4 shares, compared to its average volume of 24,811. Bank of Commerce has a 12 month low of $8.40 and a 12 month high of $13.20. The company has a market capitalization of $189.42 million, a price-to-earnings ratio of 11.95, a PEG ratio of 1.39 and a beta of 0.58. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.87 and a current ratio of 0.87.

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.

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