Media headlines about Bank of Commerce (NASDAQ:BOCH) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Bank of Commerce earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 44.8658455737785 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of Bank of Commerce (NASDAQ:BOCH) remained flat at $$11.90 during trading hours on Wednesday. 37,506 shares of the company traded hands, compared to its average volume of 35,744. The company has a market capitalization of $192.82, a price-to-earnings ratio of 23.80, a PEG ratio of 2.17 and a beta of 0.44. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.22. Bank of Commerce has a 12-month low of $9.90 and a 12-month high of $12.40.
Bank of Commerce (NASDAQ:BOCH) last released its quarterly earnings data on Friday, January 19th. The financial services provider reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.04). The company had revenue of $12.15 million for the quarter, compared to analyst estimates of $12.18 million. Bank of Commerce had a return on equity of 8.42% and a net margin of 14.47%. equities research analysts anticipate that Bank of Commerce will post 0.78 earnings per share for the current fiscal year.
In other news, EVP Robert H. Muttera acquired 4,780 shares of Bank of Commerce stock in a transaction dated Monday, February 5th. The shares were bought at an average cost of $11.50 per share, with a total value of $54,970.00. Following the purchase, the executive vice president now owns 90,156 shares in the company, valued at approximately $1,036,794. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO James A. Sundquist bought 3,500 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were bought at an average cost of $10.97 per share, for a total transaction of $38,395.00. Following the completion of the purchase, the chief financial officer now owns 110,999 shares of the company’s stock, valued at $1,217,659.03. The disclosure for this purchase can be found here. Insiders have acquired a total of 18,003 shares of company stock worth $204,655 over the last three months. Insiders own 6.92% of the company’s stock.
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Bank of Commerce Company Profile
Bank of Commerce Holdings (Holding Company) is a bank holding company. The Company’s principal business is to serve as a holding company for Redding Bank of Commerce (Bank), which operates under two separate names (Redding Bank of Commerce and Sacramento Bank of Commerce). The Bank operates over four full service facilities in two diverse markets in Northern California.
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