Analysts Estimate Report : What to Look Out for Bank of Commerce (NASDAQ:BOCH)

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Earnings results for Bank of Commerce (NASDAQ:BOCH)

Bank of Commerce Holdings (CA) is estimated to report earnings on 04/16/2021. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. According to Zacks Investment Research, based on 2 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.31. The reported EPS for the same quarter last year was $0.11.

Bank of Commerce last announced its earnings data on January 21st, 2021. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. The business had revenue of $15.57 million for the quarter, compared to analyst estimates of $16.40 million. Bank of Commerce has generated $0.83 earnings per share over the last year and currently has a price-to-earnings ratio of 16.6. Bank of Commerce has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Friday, April 16th, 2021 based off prior year’s report dates.

Analyst Opinion on Bank of Commerce (NASDAQ:BOCH)

1 Wall Street analysts have issued ratings and price targets for Bank of Commerce in the last 12 months. Their average twelve-month price target is $11.50, predicting that the stock has a possible downside of 10.92%. The high price target for BOCH is $11.50 and the low price target for BOCH is $11.50. There are currently 1 buy rating for the stock, resulting in a consensus rating of “Buy.”

Bank of Commerce has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings. According to analysts’ consensus price target of $11.50, Bank of Commerce has a forecasted downside of 10.9% from its current price of $12.91. Bank of Commerce has only been the subject of 1 research reports in the past 90 days.

Dividend Strength: Bank of Commerce (NASDAQ:BOCH)

Bank of Commerce pays a meaningful dividend of 1.83%, higher than the bottom 25% of all stocks that pay dividends. Bank of Commerce has only been increasing its dividend for 1 years. The dividend payout ratio of Bank of Commerce is 28.92%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Bank of Commerce will have a dividend payout ratio of 30.38% next year. This indicates that Bank of Commerce will be able to sustain or increase its dividend.

Insiders buying/selling: Bank of Commerce (NASDAQ:BOCH)

In the past three months, Bank of Commerce insiders have bought more of their company’s stock than they have sold. Specifically, they have bought $178,630.00 in company stock and sold $0.00 in company stock. Only 5.88% of the stock of Bank of Commerce is held by insiders. 52.66% of the stock of Bank of Commerce is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Bank of Commerce (NASDAQ:BOCH

Earnings for Bank of Commerce are expected to decrease by -10.23% in the coming year, from $0.88 to $0.79 per share. The P/E ratio of Bank of Commerce is 16.55, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 23.72. The P/E ratio of Bank of Commerce is 16.55, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 22.61. Bank of Commerce has a P/B Ratio of 1.34. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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