Bank of Commerce Holdings
Market Cap
US$127.0m
Last Updated
2020/05/30 03:50 UTC
Data Sources
Company Financials +
Executive Summary
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.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of -14.7% per year for the next 3 years
Snowflake Analysis
Flawless balance sheet and good value.
Similar Companies
Share Price & News
How has Bank of Commerce Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BOCH's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
1.1%
BOCH
8.8%
US Banks
2.7%
US Market
1 Year Return
-25.9%
BOCH
-19.3%
US Banks
9.1%
US Market
Return vs Industry: BOCH underperformed the US Banks industry which returned -19.3% over the past year.
Return vs Market: BOCH underperformed the US Market which returned 9.1% over the past year.
Shareholder returns
| BOCH | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.1% | 8.8% | 2.7% |
| 30 Day | -0.8% | -0.7% | 4.5% |
| 90 Day | -27.0% | -19.4% | 2.3% |
| 1 Year | -24.4%-25.9% | -16.6%-19.3% | 11.5%9.1% |
| 3 Year | -28.7%-31.9% | -8.0%-15.2% | 30.6%22.0% |
| 5 Year | 45.7%34.6% | 12.2%-1.1% | 57.2%39.5% |
Price Volatility Vs. Market
How volatile is Bank of Commerce Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Insider Buying: The Bank of Commerce Holdings (NASDAQ:BOCH) Independent Chairman of the Board Just Bought 6.5% More Shares1 month ago | Simply Wall St
Volatility 101: Should Bank of Commerce Holdings (NASDAQ:BOCH) Shares Have Dropped 39%?1 month ago | Simply Wall St
Should You Investigate Bank of Commerce Holdings (NASDAQ:BOCH) At US$7.66?Valuation
Is Bank of Commerce Holdings undervalued compared to its fair value and its price relative to the market?
42.1%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BOCH ($7.63) is trading below our estimate of fair value ($13.19)
Significantly Below Fair Value: BOCH is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BOCH is poor value based on its PE Ratio (10.1x) compared to the Banks industry average (9.7x).
PE vs Market: BOCH is good value based on its PE Ratio (10.1x) compared to the US market (15.9x).
Price to Earnings Growth Ratio
PEG Ratio: BOCH's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: BOCH is good value based on its PB Ratio (0.8x) compared to the US Banks industry average (0.8x).
Next Steps
Future Growth
How is Bank of Commerce Holdings forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
-14.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BOCH's earnings are forecast to decline over the next 3 years (-14.7% per year).
Earnings vs Market: BOCH's earnings are forecast to decline over the next 3 years (-14.7% per year).
High Growth Earnings: BOCH's earnings are forecast to decline over the next 3 years.
Revenue vs Market: BOCH's revenue (1.4% per year) is forecast to grow slower than the US market (8.8% per year).
High Growth Revenue: BOCH's revenue (1.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if BOCH's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Bank of Commerce Holdings performed over the past 5 years?
20.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BOCH has high quality earnings.
Growing Profit Margin: BOCH's current net profit margins (24.8%) are lower than last year (27.7%).
Past Earnings Growth Analysis
Earnings Trend: BOCH's earnings have grown significantly by 20.9% per year over the past 5 years.
Accelerating Growth: BOCH's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BOCH had negative earnings growth (-8.3%) over the past year, making it difficult to compare to the Banks industry average (2.9%).
Return on Equity
High ROE: BOCH's Return on Equity (8.2%) is considered low.
Next Steps
Financial Health
How is Bank of Commerce Holdings's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: BOCH's Assets to Equity ratio (8.8x) is low.
Allowance for Bad Loans: BOCH has a sufficient allowance for bad loans (287%).
Low Risk Liabilities: 96% of BOCH's liabilities are made up of primarily low risk sources of funding.
Loan Level: BOCH has an appropriate level of Loans to Assets ratio (71%).
Low Risk Deposits: BOCH's Loans to Deposits ratio (84%) is appropriate.
Level of Bad Loans: BOCH has an appropriate level of bad loans (0.5%).
Next Steps
Dividend
What is Bank of Commerce Holdings's current dividend yield, its reliability and sustainability?
2.62%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BOCH's dividend (2.62%) is higher than the bottom 25% of dividend payers in the US market (1.69%).
High Dividend: BOCH's dividend (2.62%) is low compared to the top 25% of dividend payers in the US market (4.48%).
Stability and Growth of Payments
Stable Dividend: BOCH's dividend payments have been volatile in the past 10 years.
Growing Dividend: BOCH's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (26.5%), BOCH's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.4yrs
Average management tenure
CEO
Randy Eslick (62yo)
6.5yrs
Tenure
US$703,151
Compensation
Mr. Randall S. Eslick, also known as Randy, has served as President and Chief Executive Officer of the Bank of Commerce Holdings (“Company”) and Merchants Bank of Commerce since November 2013. He served as ...
CEO Compensation Analysis
Compensation vs Market: Randy's total compensation ($USD703.15K) is about average for companies of similar size in the US market ($USD589.04K).
Compensation vs Earnings: Randy's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 6.5yrs | US$703.15k | 0.32% $406.7k | |
| Executive VP & CFO | 5.42yrs | US$427.04k | 1% $1.3m | |
| Executive VP & Chief Credit Officer | 6.33yrs | US$416.53k | 0.71% $899.0k | |
| Senior VP & Chief Information Officer | 0.67yr | no data | no data | |
| Chief Administrative Officer & Senior VP | 16.33yrs | no data | no data | |
| Senior VP & Human Resources Director | 2.5yrs | no data | no data | |
| Senior VP & Chief Risk Officer | 3.58yrs | no data | no data | |
| VP, Senior Administrative Officer & Corporate Secretary | no data | no data | no data |
5.4yrs
Average Tenure
63yo
Average Age
Experienced Management: BOCH's management team is seasoned and experienced (5.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 6.5yrs | US$703.15k | 0.32% $406.7k | |
| Independent Chairman of the Board | 7.17yrs | US$91.86k | 2.03% $2.6m | |
| Independent Director | 6yrs | US$30.07k | 0.13% $161.1k | |
| Independent Vice Chairman of the Board | 7.17yrs | US$48.67k | 0.26% $333.4k | |
| Independent Director | 14yrs | US$76.01k | 0.45% $574.3k | |
| Independent Director | 12yrs | US$31.85k | 0.055% $69.7k | |
| Independent Director | 1.17yrs | US$17.60k | 0.17% $218.2k | |
| Independent Director | 7yrs | US$42.19k | 0.25% $320.5k | |
| Independent Director | 10yrs | US$47.00k | 0.82% $1.0m | |
| Independent Director | 3.92yrs | US$30.47k | 0.24% $307.5k |
7.1yrs
Average Tenure
64.5yo
Average Age
Experienced Board: BOCH's board of directors are considered experienced (7.1 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: BOCH insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Bank of Commerce Holdings's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Bank of Commerce Holdings
- Ticker: BOCH
- Exchange: NasdaqGM
- Founded:
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$127.016m
- Shares outstanding: 16.65m
- Website: https://www.bankofcommerceholdings.com
Number of Employees
Location
- Bank of Commerce Holdings
- 555 Capitol Mall
- Suite 1255
- Sacramento
- California
- 95814
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BOCH | NasdaqGM (Nasdaq Global Market) | Yes | Common Stock | US | USD | Sep 1998 |
| 42I | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Sep 1998 |
Biography
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. The company also offers commercial loans, commercial real estate loans, residential real estate loans, consumer loans, construction loans, term loans, and small business administration loans. In addition, it provides sweep arrangements and safe deposit boxes; and collection, electronic banking, payroll processing, and ATM and point of sale services. The company operates through 10 full service facilities and 1 limited service facility in northern California. Bank of Commerce Holdings is headquartered in Sacramento, California.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/05/30 03:50 |
| End of Day Share Price | 2020/05/29 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.