Bank of Commerce (BOCH) Getting Somewhat Favorable News Coverage, Study Finds

News headlines about Bank of Commerce (NASDAQ:BOCH) have been trending somewhat positive on Friday, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Bank of Commerce earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 44.8297045720039 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Shares of BOCH opened at $11.45 on Friday. The stock has a market cap of $183.55, a PE ratio of 17.31, a price-to-earnings-growth ratio of 2.06 and a beta of 0.38. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.21. Bank of Commerce has a 12-month low of $9.90 and a 12-month high of $12.40.

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Bank of Commerce (NASDAQ:BOCH) last issued its quarterly earnings results 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 business had revenue of $12.15 million for the quarter, compared to the consensus estimate of $12.18 million. Bank of Commerce had a net margin of 14.47% and a return on equity of 8.24%. equities analysts forecast that Bank of Commerce will post 0.78 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Tuesday, April 3rd will be given a $0.03 dividend. The ex-dividend date of this dividend is Monday, April 2nd. This represents a $0.12 dividend on an annualized basis and a yield of 1.05%. Bank of Commerce’s payout ratio is 18.75%.

Separately, Zacks Investment Research lowered Bank of Commerce from a “hold” rating to a “sell” rating in a report on Wednesday, February 14th.

In other news, EVP Robert H. Muttera bought 4,780 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The stock was bought at an average price of $11.50 per share, for a total transaction of $54,970.00. Following the transaction, the executive vice president now directly owns 90,156 shares of the company’s stock, valued at approximately $1,036,794. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO James A. Sundquist bought 3,500 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was purchased at an average price of $10.97 per share, with a total value of $38,395.00. Following the transaction, the chief financial officer now directly owns 110,999 shares in the company, valued at $1,217,659.03. The disclosure for this purchase can be found here. Insiders purchased a total of 18,003 shares of company stock valued at $204,655 in the last 90 days. 6.92% of the stock is currently owned by corporate insiders.

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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.

Insider Buying and Selling by Quarter for Bank of Commerce (NASDAQ:BOCH)

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