Bank of Commerce Holdings
Market Cap
US$204.2m
Last Updated
2019/11/19 23:51 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.
Snowflake
Solid track record with excellent balance sheet.
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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 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
0.3%
BOCH
-0.08%
US Banks
0.9%
US Market
1 Year Return
-7.8%
BOCH
11.2%
US Banks
16.8%
US Market
Return vs Industry: BOCH underperformed the US Banks industry which returned 11.2% over the past year.
Return vs Market: BOCH underperformed the US Market which returned 16.8% over the past year.
Shareholder returns
| BOCH | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.3% | -0.08% | 0.9% |
| 30 Day | 3.0% | 6.7% | 4.5% |
| 90 Day | 11.8% | 17.0% | 6.2% |
| 1 Year | -6.2%-7.8% | 14.5%11.2% | 19.4%16.8% |
| 3 Year | 43.3%37.7% | 38.7%29.0% | 47.5%38.0% |
| 5 Year | 101.8%86.6% | 72.3%53.2% | 62.0%44.1% |
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 week ago | Simply Wall St
Do Insiders Own Shares In Bank of Commerce Holdings (NASDAQ:BOCH)?3 weeks ago | Simply Wall St
Did Bank of Commerce Holdings's (NASDAQ:BOCH) Share Price Deserve to Gain 88%?1 month ago | Simply Wall St
Here's What Bank of Commerce Holdings's (NASDAQ:BOCH) P/E Ratio Is Telling UsValuation
Is Bank of Commerce Holdings undervalued compared to its fair value and its price relative to the market?
12.81x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BOCH ($11.29) is trading above our estimate of fair value ($10.53)
Significantly Below Fair Value: BOCH is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BOCH is poor value based on its PE Ratio (12.8x) compared to the Banks industry average (12.7x).
PE vs Market: BOCH is good value based on its PE Ratio (12.8x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: BOCH is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: BOCH is overvalued based on its PB Ratio (1.2x) compared to the US Banks industry average (1.2x).
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?
11.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BOCH's forecast earnings growth (11.5% per year) is above the savings rate (2.7%).
Earnings vs Market: BOCH's earnings (11.5% per year) are forecast to grow slower than the US market (14.4% per year).
High Growth Earnings: BOCH's earnings are forecast to grow, but not significantly.
Revenue vs Market: BOCH's revenue (4.9% per year) is forecast to grow slower than the US market (7.3% per year).
High Growth Revenue: BOCH's revenue (4.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BOCH's Return on Equity is forecast to be low in 3 years time (10%).
Next Steps
Past Performance
How has Bank of Commerce Holdings performed over the past 5 years?
21.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BOCH has high quality earnings.
Growing Profit Margin: BOCH's current net profit margins (27.1%) are higher than last year (22%).
Past Earnings Growth Analysis
Earnings Trend: BOCH's earnings have grown significantly by 21.1% per year over the past 5 years.
Accelerating Growth: BOCH's earnings growth over the past year (41.6%) exceeds its 5-year average (21.1% per year).
Earnings vs Industry: BOCH earnings growth over the past year (41.6%) exceeded the Banks industry 27.5%.
Return on Equity
High ROE: BOCH's Return on Equity (9%) is considered low.
Return on Assets
Return on Capital Employed
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
Inventory Level: BOCH has a low level of unsold assets or inventory.
Debt Coverage by Assets: BOCH's debt is covered by short term assets (assets are 4.4x debt).
Financial Institutions Analysis
Asset Level: BOCH's level of assets compared to its equity is low.
Allowance for Bad Loans: BOCH has a low allowance for bad loans.
Low Risk Liabilities: BOCH's liabilities are made up of primarily low risk sources of funding.
Loan Level: BOCH has an acceptable proportion of non-loan assets held.
Low Risk Deposits: BOCH's loans are broadly funded by customer deposits.
Level of Bad Loans: BOCH has an appropriate level of bad loans (1.23%)
Next Steps
Dividend
What is Bank of Commerce Holdings's current dividend yield, its reliability and sustainability?
1.77%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: BOCH's dividend (1.77%) is higher than the bottom 25% of dividend payers in the US market (1.43%).
High Dividend: BOCH's dividend (1.77%) is low compared to the top 25% of dividend payers in the US market (3.68%).
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 low payout ratio (20.4%), 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
What is the CEO of Bank of Commerce Holdings's salary, the management and board of directors tenure and is there insider trading?
6.0yrs
Average management tenure
CEO
Randy Eslick (62yo)
6yrs
Tenure
US$894,505
Compensation
Mr. Randall S. Eslick, also known as Randy, has served as President and Chief Executive Officer of the Bank of Commerce Holdings (“Company”) and Merchants Bank of Commerce since November 2013. Immediately ...
CEO Compensation Analysis
Compensation vs Market: Randy's total compensation ($USD894.51K) is about average for companies of similar size in the US market ($USD1.14M).
Compensation vs Earnings: Randy's compensation has been consistent with company performance over the past year.
Management Age and Tenure
6.0yrs
Average Tenure
62yo
Average Age
Experienced Management: BOCH's management team is seasoned and experienced (6 years average tenure).
Board Age and Tenure
6.6yrs
Average Tenure
64.5yo
Average Age
Experienced Board: BOCH's board of directors are considered experienced (6.6 years average tenure).
Insider Trading
Insider Buying: BOCH insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Senior Key Executive Executive VP & Chief Credit Officer |
| Shares | 1,000 |
| Max Price | US$10.03 |
| Entity | Individual |
| Role | Chief Financial Officer Executive VP & CFO |
| Shares | 3,000 |
| Max Price | US$9.99 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 5,000 |
| Max Price | US$10.15 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 4,000 |
| Max Price | US$10.60 |
| Entity | Individual |
| Role | Chief Financial Officer Executive VP & CFO |
| Shares | 2,500 |
| Max Price | US$10.35 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 2,591 |
| Max Price | US$10.30 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 2,500 |
| Max Price | US$10.50 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 2,907 |
| Max Price | US$10.75 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 978 |
| Max Price | US$10.85 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 80 |
| Max Price | US$10.85 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 35 |
| Max Price | US$10.85 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 1,000 |
| Max Price | US$10.95 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 295 |
| Max Price | US$10.95 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 3,000 |
| Max Price | US$10.80 |
| Entity | Individual |
| Role | Chief Financial Officer Executive VP & CFO |
| Shares | 2,500 |
| Max Price | US$10.70 |
| Entity | Individual |
| Role | Chairman of the Board Chairman of the Board |
| Shares | 5,000 |
| Max Price | US$10.97 |
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 7.9%.
Management Team
Bob Muttera (65yo)
Executive VP & Chief Credit Officer
- Tenure: 5.8yrs
- Compensation: US$600.91k
James Sundquist (64yo)
Executive VP & CFO
- Tenure: 4.9yrs
- Compensation: US$470.31k
Debbie Sylvester (61yo)
Chief Administrative Officer & Senior VP
- Tenure: 15.8yrs
Sam Jimenez (55yo)
Executive VP & COO
- Tenure: 5.9yrs
- Compensation: US$523.50k
Randy Eslick (62yo)
President
- Tenure: 6yrs
- Compensation: US$894.51k
John Rainey
Senior VP Senior Loan Officer
- Tenure: 13.3yrs
Dennis Lee
Senior VP & Lending Group Manager
- Tenure: 13.3yrs
Donna Moore
Human Resources Officer
- Tenure: 0yrs
Bruce Davis
SEC Counsel
- Tenure: 0yrs
John-David Phelps
Senior VP & Chief Information Officer
- Tenure: 0.2yrs
Board Members
Lyle Tullis (69yo)
Chairman of the Board
- Tenure: 6.8yrs
- Compensation: US$90.55k
Linda Miles (66yo)
Independent Director
- Tenure: 5.5yrs
- Compensation: US$29.20k
Randy Eslick (62yo)
President
- Tenure: 6yrs
- Compensation: US$894.51k
Jon Halfhide (62yo)
Vice Chairman of the Board
- Tenure: 6.8yrs
- Compensation: US$50.25k
Orin Bennett (71yo)
Independent Director
- Tenure: 13.5yrs
- Compensation: US$76.74k
Gary Burks (65yo)
Independent Director
- Tenure: 11.5yrs
- Compensation: US$31.90k
David Inderkum (63yo)
Independent Director
- Tenure: 0.8yrs
Terry Street (64yo)
Independent Director
- Tenure: 6.5yrs
- Compensation: US$41.69k
Joe Gibson (72yo)
Independent Director
- Tenure: 9.5yrs
- Compensation: US$39.23k
Karl Silberstein (62yo)
Independent Director
- Tenure: 3.4yrs
- Compensation: US$27.88k
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: 1981
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$204.234m
- Shares outstanding: 18.09m
- 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 |
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 businesse ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/11/19 23:51 |
| End of Day Share Price | 2019/11/19 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.