Bank of Commerce (NASDAQ:BOCH) issued its quarterly earnings results on Friday. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.03, MarketWatch Earnings reports. Bank of Commerce had a net margin of 21.79% and a return on equity of 8.73%.
Shares of BOCH traded up $0.14 during mid-day trading on Friday, reaching $8.13. 34,377 shares of the stock traded hands, compared to its average volume of 47,866. The firm has a fifty day moving average price of $7.26 and a 200 day moving average price of $7.38. The company has a market cap of $136.44 million, a price-to-earnings ratio of 10.42 and a beta of 0.70. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. Bank of Commerce has a 1 year low of $5.68 and a 1 year high of $12.31.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Tuesday, September 29th were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, September 28th. This represents a $0.20 dividend on an annualized basis and a yield of 2.46%. Bank of Commerce’s dividend payout ratio is 24.10%.
BOCH has been the subject of a number of recent research reports. Zacks Investment Research lowered shares of Bank of Commerce from a “buy” rating to a “hold” rating in a research note on Monday, September 21st. Raymond James reiterated a “buy” rating on shares of Bank of Commerce in a research note on Wednesday, September 9th.
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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