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Last $5.73 USD
Change Today +0.03 / 0.53%
Volume 8.3K
As of 8:10 PM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).

bank of commerce holdings (BOCH) Snapshot

Open
$5.71
Previous Close
$5.70
Day High
$5.74
Day Low
$5.71
52 Week High
06/10/14 - $6.62
52 Week Low
03/18/15 - $5.48
Market Cap
76.6M
Average Volume 10 Days
17.7K
EPS TTM
$0.55
Shares Outstanding
13.4M
EX-Date
03/25/15
P/E TM
10.4x
Dividend
$0.12
Dividend Yield
2.09%
Current Stock Chart for BANK OF COMMERCE HOLDINGS (BOCH)

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bank of commerce holdings (BOCH) Details

Bank of Commerce Holdings, through its subsidiaries, provides a range of financial services and products primarily in Northern California. The company’s deposit products include checking, interest bearing checking and savings accounts, and money market deposit accounts. Its commercial loan portfolio consists of a mix of revolving credit facilities and intermediate term loans for working capital, asset acquisition, and business-expansion purposes. The company also offers real estate construction loans, including commercial and residential construction loans; and commercial and construction loan portfolio consisting of loans secured by various commercial and residential real properties. In addition, it provides travelers checks, safe deposit boxes, collection services, electronic banking services, and payroll processing, as well as sweep arrangements. The company serves small to medium sized businesses, professionals, and other individuals with medium to high net worth. It operates four full service branches in Redding and Roseville, California. Bank of Commerce Holdings was founded in 1981 and is based in Redding, California.

157 Employees
Last Reported Date: 03/10/15
Founded in 1981

bank of commerce holdings (BOCH) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $265.0K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $18.8K
Chief Operating Officer, Executive Vice Presi...
Total Annual Compensation: $250.0K
Senior Vice President and Regional President ...
Total Annual Compensation: $190.0K
Chief Credit Officer, Executive Vice Presiden...
Total Annual Compensation: $280.6K
Compensation as of Fiscal Year 2014.

bank of commerce holdings (BOCH) Key Developments

Bank of Commerce Holdings Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Bank of Commerce Holdings announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total interest income of $9,526,000 compared to $9,000,000 a year ago. Net interest income was $8,369,000 compared to $8,173,000 a year ago. Income before provision for income taxes was $2,630,000 compared to $897,000 a year ago. Income available to common shareholders was $1,751,000 or $0.13 per basic and diluted share compared to $515,000 or $0.04 per basic and diluted share a year ago. The company's tangible book value increased to $6.41 per common share at March 31, 2015 from $5.97 per common share at March 31, 2014 (7%); and from $6.29 per common share at December 31, 2014 (8% annualized). Return on average assets was 0.72% compared to 0.21% a year ago. Return on average equity was 6.69% compared to 2% a year ago.

Bank of Commerce Holdings Announces First Quarter Cash Dividend Payable on April 10, 2015

Bank of Commerce Holdings announced that the Board of Directors has authorized a cash dividend of $0.03 per share for the first quarter 2015. The $0.03 per share quarterly cash dividend will be paid to shareholders of record as of March 27, 2015, and is payable on April 10, 2015.

Bank of Commerce Holdings Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Announces Net Charge Offs for the Fourth Quarter of 2014

Bank of Commerce Holdings announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net income available to common shareholders of $1.6 million or $0.12 per share diluted, compared with $2.0 million or $0.14 per share diluted for the same period of 2013. The company reported total interest income of $9.5 million compared to $9.3 million, net interest income of $8.3 million compared to $8.5 million, income before provision for income taxes of $1.3 million compared to $3.5 million, return on average assets of 0.68% compared to 0.89% and return on average equity of 6.50% compared to 8.18% for the last year. The decrease in net income available to common shareholders in the current quarter compared to the same period a year ago was primarily driven by increased loan loss provisions and increased noninterest expense partially offset by increased noninterest income and a decreased provision for income taxes. The decrease in return on average equity was primarily driven by decreased net income, partially offset by the decrease in weighted average shares resulting from the Company's publically announced common stock repurchase plans. The increase in interest income compared to the same period a year ago was driven by increased volume in the loan portfolio and increased yield in the investment securities portfolio, partially offset by decreased volume in the investment securities portfolio and decreased yield in the loan portfolio. Earnings per share decreased during the three months ended December 31, 2014 compared to the same period a year ago primarily due to a decrease in net income partially offset by a decrease in weighted average shares. For the year, the company reported net income available to common shareholders of $5.5 million or $0.41 per share diluted compared with $7.7 million or $0.52 for the same period of 2013. The company reported total interest income of $36.7 million compared to $33.8 million, net interest income of $32.6 million compared to $8.5 million, income before provision for income taxes of $6.4 million compared to $12.3 million, return on average assets of 0.58% compared to 0.83% and return on average equity of 5.59% compared to 7.47% for the last year. Book value per share as on December 31, 2014 of $6.29 compared to $5.86 per share as on December 31, 2013. The company realized net charge offs of $255,000 in the current quarter compared with net charge offs of $532,000 in the prior quarter and net recoveries of $630,000 for the same period a year ago.

 

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BOCH Competitors

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Company Last Change
American Business Bank $28.60 USD -0.40
California First National Bancorp $13.60 USD 0.00
Central Valley Community Bancorp $10.99 USD +0.18
Pacific Mercantile Bancorp $7.15 USD +0.085
Provident Financial Holdings Inc $16.60 USD +0.05
View Industry Companies
 

Industry Analysis

BOCH

Industry Average

Valuation BOCH Industry Range
Price/Earnings 14.0x
Price/Sales 2.4x
Price/Book 0.9x
Price/Cash Flow 13.4x
TEV/Sales NM Not Meaningful
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