Loading...

Bank of Commerce Holdings

Nasdaq:BOCH
Snowflake Description

Flawless balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BOCH
Nasdaq
$203M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

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. The last earnings update was 7 days ago. More info.


Add to Portfolio Compare Print
BOCH Share Price and Events
7 Day Returns
1.4%
NasdaqGM:BOCH
2.9%
US Banks
1.6%
US Market
1 Year Returns
-5.3%
NasdaqGM:BOCH
-8.1%
US Banks
3.2%
US Market
BOCH Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bank of Commerce Holdings (BOCH) 1.4% -3.6% 5.9% -5.3% 70.4% 66.9%
US Banks 2.9% 1.7% 15% -8.1% 50.7% 42.7%
US Market 1.6% 2.1% 12.8% 3.2% 38.6% 43.6%
1 Year Return vs Industry and Market
  • BOCH outperformed the Banks industry which returned -8.1% over the past year.
  • BOCH underperformed the Market in United States of America which returned 3.2% over the past year.
Price Volatility
BOCH
Industry
5yr Volatility vs Market

Value

 Is Bank of Commerce Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Bank of Commerce Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our intrinsic value calculation method has changed recently, learn more here.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Bank of Commerce Holdings.

NasdaqGM:BOCH Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $10.19 * 6.7%
$0.68
Book Value of Equity per Share Weighted future Book Value estimates from 2 analysts. $10.19
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGM:BOCH
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.64
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.641 (1 + (1- 21%) (11.69%))
0.799
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%)
7.5%

Discounted Cash Flow Calculation for NasdaqGM:BOCH using Excess Returns Model Model

The calculations below outline how an intrinsic value for Bank of Commerce Holdings is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqGM:BOCH Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (6.7% – 7.5%) * $10.19)
$-0.08
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-0.08 / (7.5% - 2.73%)
$-1.65
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $10.19 + $-1.65
$8.53
NasdaqGM:BOCH Discount to Share Price
Calculation Result
Value per share (USD) From above. $8.53
Current discount Discount to share price of $11.18
= -1 x ($11.18 - $8.53) / $8.53
-31%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Bank of Commerce Holdings is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Bank of Commerce Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bank of Commerce Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGM:BOCH PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.97
NasdaqGM:BOCH Share Price ** NasdaqGM (2019-03-19) in USD $11.18
United States of America Banks Industry PE Ratio Median Figure of 587 Publicly-Listed Banks Companies 13.41x
United States of America Market PE Ratio Median Figure of 3,056 Publicly-Listed Companies 17.77x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Bank of Commerce Holdings.

NasdaqGM:BOCH PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGM:BOCH Share Price ÷ EPS (both in USD)

= 11.18 ÷ 0.97

11.55x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bank of Commerce Holdings is good value based on earnings compared to the US Banks industry average.
  • Bank of Commerce Holdings is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Bank of Commerce Holdings's expected growth come at a high price?
Raw Data
NasdaqGM:BOCH PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.55x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
14.1%per year
United States of America Banks Industry PEG Ratio Median Figure of 260 Publicly-Listed Banks Companies 1.25x
United States of America Market PEG Ratio Median Figure of 2,107 Publicly-Listed Companies 1.49x

*Line of best fit is calculated by linear regression .

NasdaqGM:BOCH PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.55x ÷ 14.1%

0.82x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bank of Commerce Holdings is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Bank of Commerce Holdings's assets?
Raw Data
NasdaqGM:BOCH PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $8.50
NasdaqGM:BOCH Share Price * NasdaqGM (2019-03-19) in USD $11.18
United States of America Banks Industry PB Ratio Median Figure of 592 Publicly-Listed Banks Companies 1.26x
United States of America Market PB Ratio Median Figure of 5,154 Publicly-Listed Companies 1.89x
NasdaqGM:BOCH PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGM:BOCH Share Price ÷ Book Value per Share (both in USD)

= 11.18 ÷ 8.50

1.31x

* Primary Listing of Bank of Commerce Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bank of Commerce Holdings is overvalued based on assets compared to the US Banks industry average.
X
Value checks
We assess Bank of Commerce Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Bank of Commerce Holdings has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Bank of Commerce Holdings expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
14.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bank of Commerce Holdings expected to grow at an attractive rate?
  • Bank of Commerce Holdings's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Bank of Commerce Holdings's earnings growth is positive but not above the United States of America market average.
  • Bank of Commerce Holdings's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGM:BOCH Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGM:BOCH Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 14.1%
NasdaqGM:BOCH Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 12.1%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 4.3%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 5.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGM:BOCH Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGM:BOCH Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 66 21 2
2019-12-31 62 19 2
NasdaqGM:BOCH Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 52 21 16
2018-09-30 50 18 11
2018-06-30 48 17 10
2018-03-31 47 15 8
2017-12-31 45 14 7
2017-09-30 44 16 10
2017-06-30 42 14 9
2017-03-31 42 8 8
2016-12-31 40 12 5
2016-09-30 39 9 5
2016-06-30 38 10 5
2016-03-31 37 17 6

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Bank of Commerce Holdings's earnings are expected to grow by 14.1% yearly, however this is not considered high growth (20% yearly).
  • Bank of Commerce Holdings's revenue is expected to grow by 12.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGM:BOCH Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Bank of Commerce Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:BOCH Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 1.15 1.20 1.10 2.00
2019-12-31 1.07 1.09 1.05 2.00
NasdaqGM:BOCH Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.97
2018-09-30 0.67
2018-06-30 0.60
2018-03-31 0.52
2017-12-31 0.48
2017-09-30 0.66
2017-06-30 0.66
2017-03-31 0.63
2016-12-31 0.39
2016-09-30 0.35
2016-06-30 0.36
2016-03-31 0.42

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Bank of Commerce Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Bank of Commerce Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Bank of Commerce Holdings has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Bank of Commerce Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Bank of Commerce Holdings's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Bank of Commerce Holdings's year on year earnings growth rate has been positive over the past 5 years.
  • Bank of Commerce Holdings's 1-year earnings growth exceeds its 5-year average (114.2% vs 13%)
  • Bank of Commerce Holdings's earnings growth has exceeded the US Banks industry average in the past year (114.2% vs 43.2%).
Earnings and Revenue History
Bank of Commerce Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Bank of Commerce Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:BOCH Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 51.57 15.73 26.71
2018-09-30 49.64 10.90 26.42
2018-06-30 48.23 9.74 26.26
2018-03-31 46.56 8.33 26.10
2017-12-31 44.73 7.34 26.09
2017-09-30 43.61 9.63 26.01
2017-06-30 42.18 9.12 25.63
2017-03-31 41.51 8.47 25.41
2016-12-31 39.72 5.26 24.41
2016-09-30 38.68 4.69 23.20
2016-06-30 37.71 4.80 21.91
2016-03-31 36.98 5.58 20.99
2015-12-31 36.95 8.30 20.29
2015-09-30 36.32 8.20 21.05
2015-06-30 34.62 6.95 21.08
2015-03-31 32.40 6.76 20.60
2014-12-31 31.72 5.53 20.54
2014-09-30 32.58 5.93 18.63
2014-06-30 34.18 6.46 17.94
2014-03-31 34.83 6.26 17.10
2013-12-31 34.58 7.74 16.14
2013-09-30 32.28 6.89 15.36
2013-06-30 31.50 7.11 15.14
2013-03-31 31.84 6.98 14.89
2012-12-31 32.30 6.68 15.34
2012-09-30 32.53 7.19 15.20
2012-06-30 31.42 6.56 14.98
2012-03-31 27.84 6.00 12.11

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Bank of Commerce Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Bank of Commerce Holdings used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if Bank of Commerce Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Bank of Commerce Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Bank of Commerce Holdings has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Bank of Commerce Holdings's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Bank of Commerce Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Bank of Commerce Holdings Company Filings, last reported 2 months ago.

NasdaqGM:BOCH Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 138.32 23.72 45.52
2018-09-30 132.97 24.60 91.24
2018-06-30 130.08 85.49 39.69
2018-03-31 127.72 56.38 33.62
2017-12-31 127.26 27.27 64.82
2017-09-30 128.41 27.86 85.63
2017-06-30 125.95 28.45 96.85
2017-03-31 96.46 28.80 61.06
2016-12-31 94.11 29.04 66.46
2016-09-30 94.29 29.43 85.13
2016-06-30 92.49 29.69 66.04
2016-03-31 90.72 29.94 85.75
2015-12-31 90.52 107.37 50.49
2015-09-30 108.68 88.45 25.31
2015-06-30 106.55 103.40 32.80
2015-03-31 105.44 103.57 30.11
2014-12-31 103.60 88.53 57.87
2014-09-30 101.96 93.59 46.42
2014-06-30 100.69 93.89 66.75
2014-03-31 100.79 93.41 74.57
2013-12-31 101.79 93.36 57.97
2013-09-30 102.77 93.31 49.00
2013-06-30 106.87 144.97 43.24
2013-03-31 108.78 160.09 67.83
2012-12-31 110.32 157.65 44.52
2012-09-30 111.35 133.52 64.43
2012-06-30 113.59 155.47 65.49
2012-03-31 113.58 140.65 64.81
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Bank of Commerce Holdings has an acceptable proportion of non-loan assets held.
  • Bank of Commerce Holdings's liabilities are made up of primarily low risk sources of funding.
  • Loans at Bank of Commerce Holdings are broadly funded by customer deposits.
  • Bank of Commerce Holdings's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Bank of Commerce Holdings has a sufficient allowance for bad loans.
  • Bank of Commerce Holdings has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Bank of Commerce Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Bank of Commerce Holdings has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Bank of Commerce Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.43%
Current annual income from Bank of Commerce Holdings dividends. Estimated to be 1.65% next year.
If you bought $2,000 of Bank of Commerce Holdings shares you are expected to receive $29 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Bank of Commerce Holdings's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • Bank of Commerce Holdings's dividend is below the markets top 25% of dividend payers in United States of America (3.63%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGM:BOCH Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 470 Stocks 2.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGM:BOCH Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.20 2.00
2019-12-31 0.17 2.00
NasdaqGM:BOCH Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-12-19 0.160 1.443
2018-09-19 0.160 1.357
2018-06-20 0.160 1.262
2018-03-21 0.120 1.036
2017-12-20 0.120 1.057
2017-09-20 0.120 1.041
2017-06-21 0.120 1.132
2017-03-22 0.120 1.089
2016-12-21 0.120 1.198
2016-09-21 0.120 1.553
2016-06-22 0.120 1.799
2016-03-23 0.120 1.890
2015-12-16 0.120 1.932
2015-09-23 0.120 1.881
2015-06-17 0.120 2.079
2015-03-18 0.120 2.124
2014-12-17 0.120 2.078
2014-09-24 0.120 2.010
2014-06-26 0.120 1.923
2014-03-19 0.120 1.848
2013-12-18 0.120 1.972
2013-09-18 0.120 2.133
2013-06-19 0.120 2.338
2013-03-20 0.120 2.391
2012-12-21 0.120 2.468
2012-09-19 0.120 2.652
2012-06-20 0.120 2.886
2012-03-21 0.120 2.880
2011-12-21 0.120 3.114
2011-09-21 0.120 3.599
2011-06-22 0.120 3.208
2011-03-16 0.120 2.833
2010-12-22 0.120 2.887
2010-09-23 0.120 3.157
2010-06-16 0.240 5.529
2010-03-05 0.240 4.881
2009-12-16 0.240 4.545
2009-09-16 0.240 4.389
2009-07-21 0.240 4.536
2009-03-20 0.240 4.475

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Bank of Commerce Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (6.5x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Bank of Commerce Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Bank of Commerce Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bank of Commerce Holdings has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Bank of Commerce Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Randy Eslick
COMPENSATION $818,625
AGE 61
TENURE AS CEO 5.3 years
CEO Bio

Mr. Randall S. Eslick, also known as Randy, has served as President and Chief Executive Officer of the Bank of Commerce Holdings (“Company”) and Redding Bank of Commerce since November 2013. Immediately prior, he served as Regional President of Roseville Bank of Commerce (now known as Sacramento Bank of Commerce) from December 2005 to November 2013. From 2002 until December 2005, Mr. Eslick served as Senior Vice President and Regional Manager of Roseville Bank of Commerce. Mr. Eslick joined Bank of Commerce Holdings in March 2001 as Senior Vice President and Commercial Loan Officer. Mr. Eslick has served as a Director at Bank of Commerce Holdings and at Redding Bank of Commerce since November 2013 when he assumed the role of President and Chief Executive Officer of Bank of Commerce Holdings.

CEO Compensation
  • Randy's compensation has been consistent with company performance over the past year.
  • Randy's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Bank of Commerce Holdings management team in years:

7.7
Average Tenure
61
Average Age
  • The average tenure for the Bank of Commerce Holdings management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Randy Eslick

TITLE
President
COMPENSATION
$819K
AGE
61
TENURE
5.3 yrs

James Sundquist

TITLE
Executive VP & CFO
COMPENSATION
$415K
AGE
63
TENURE
4.3 yrs

Sam Jimenez

TITLE
Executive VP & COO
COMPENSATION
$499K
AGE
54
TENURE
5.3 yrs

Bob Muttera

TITLE
Executive VP & Chief Credit Officer
COMPENSATION
$541K
AGE
64
TENURE
5.2 yrs

Debbie Sylvester

TITLE
Chief Administrative Officer & Senior VP
AGE
60
TENURE
15.2 yrs

Bruce Davis

TITLE
SEC Counsel

Donna Moore

TITLE
Human Resources Officer

John Rainey

TITLE
Senior VP Senior Loan Officer
TENURE
12.7 yrs

Dennis Lee

TITLE
Senior VP & Lending Group Manager
TENURE
12.7 yrs

Dale Orchard

TITLE
Senior VP & Lending Officer
TENURE
10.1 yrs
Board of Directors Tenure

Average tenure and age of the Bank of Commerce Holdings board of directors in years:

6
Average Tenure
64
Average Age
  • The tenure for the Bank of Commerce Holdings board of directors is about average.
Board of Directors

Lyle Tullis

TITLE
Chairman of the Board
COMPENSATION
$90K
AGE
68
TENURE
6.1 yrs

Randy Eslick

TITLE
President
COMPENSATION
$819K
AGE
61
TENURE
5.3 yrs

Jon Halfhide

TITLE
Vice Chairman of the Board
COMPENSATION
$50K
AGE
61
TENURE
6.1 yrs

Gary Burks

TITLE
Director
COMPENSATION
$36K
AGE
64
TENURE
10.8 yrs

Karl Silberstein

TITLE
Director
COMPENSATION
$26K
AGE
61
TENURE
2.8 yrs

Linda Miles

TITLE
Director
COMPENSATION
$32K
AGE
65
TENURE
4.8 yrs

Orin Bennett

TITLE
Director
COMPENSATION
$73K
AGE
70
TENURE
12.8 yrs

Joe Gibson

TITLE
Director
COMPENSATION
$38K
AGE
71
TENURE
8.8 yrs

Terry Street

TITLE
Director
COMPENSATION
$44K
AGE
63
TENURE
5.8 yrs

David Inderkum

TITLE
Director
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Bank of Commerce Holdings insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
18. Mar 19 Buy Karl Silberstein Individual 14. Mar 19 14. Mar 19 295 $10.95 $3,230
12. Mar 19 Buy Karl Silberstein Individual 08. Mar 19 08. Mar 19 3,000 $10.80 $32,400
14. Dec 18 Buy James Sundquist Individual 13. Dec 18 13. Dec 18 2,500 $10.70 $26,750
07. Dec 18 Buy Lyle Tullis Individual 06. Dec 18 06. Dec 18 5,000 $10.97 $54,756
29. Jan 19 Buy Robert Muttera Individual 23. Oct 18 23. Oct 18 1,000 $11.47 $11,470
25. Oct 18 Buy James Sundquist Individual 23. Oct 18 24. Oct 18 10,000 $11.51 $114,875
25. Oct 18 Buy Karl Silberstein Individual 23. Oct 18 24. Oct 18 3,000 $11.45 $34,300
25. Oct 18 Buy Lyle Tullis Individual 24. Oct 18 24. Oct 18 20,000 $11.54 $230,800
23. Oct 18 Buy Joseph Gibson Individual 23. Oct 18 23. Oct 18 2,500 $11.50 $28,750
04. May 18 Buy Lyle Tullis Individual 01. May 18 02. May 18 4,250 $11.45 $48,103
X
Management checks
We assess Bank of Commerce Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Bank of Commerce Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Financial Metrics For Bank of Commerce Holdings (NASDAQ:BOCH)

Bank of Commerce Holdings’s (NASDAQ:BOCH) profitability and risk are largely affected by the underlying economic growth for the region it operates in US given it is a small-cap stock with a market capitalisation of US$181m. … These reforms target bank level regulation and aims to improve the banking sector’s ability to absorb shocks arising from economic stress which could expose financial institutions to vulnerabilities. … We can gauge Bank of Commerce Holdings’s risk-taking behaviour by analysing three metrics for leverage and liquidity which I will take you through now.

Simply Wall St -

What You Should Know About Bank of Commerce Holdings’s (NASDAQ:BOCH) Risks

Bank of Commerce Holdings (NASDAQ:BOCH) is a small-cap bank with a market capitalisation of US$190m. … Since the level of risky assets held by the bank impacts the attractiveness of it as an investment, I will take you through three metrics that are insightful proxies for risk. … View our latest analysis for Bank of Commerce Holdings

Simply Wall St -

How Should Investors Feel About Bank of Commerce Holdings's (NASDAQ:BOCH) CEO Pay?

Randy Eslick has been the CEO of Bank of Commerce Holdings (NASDAQ:BOCH) since 2013. … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Randy Eslick's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Have Insiders Been Buying Bank of Commerce Holdings (NASDAQ:BOCH) Shares?

So shareholders might well want to know whether insiders have been buying or selling shares in Bank of Commerce Holdings (NASDAQ:BOCH). … The Last 12 Months Of Insider Transactions At Bank of Commerce Holdings. … In total, Bank of Commerce Holdings insiders bought more than they sold over the last year

Simply Wall St -

Consider This Before Buying Bank of Commerce Holdings (NASDAQ:BOCH) For The 1.5% Dividend

Historically, Bank of Commerce Holdings (NASDAQ:BOCH) has paid a dividend to shareholders. … Does Bank of Commerce Holdings tick all the boxes of a great dividend stock? … See our latest analysis for Bank of Commerce Holdings

Simply Wall St -

Should You Be Tempted To Sell Bank of Commerce Holdings (NASDAQ:BOCH) Because Of Its P/E Ratio?

To keep it practical, we'll show how Bank of Commerce Holdings's (NASDAQ:BOCH) P/E ratio could help you assess the value on offer. … Based on the last twelve months, Bank of Commerce Holdings's P/E ratio is 18.02. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Why Bank of Commerce Holdings’s (NASDAQ:BOCH) Risk Control Makes It Attractive

Bank of Commerce Holdings (NASDAQ:BOCH) is a small-cap bank with a market capitalisation of US$201m. … Risk associated with repayment is measured by bad debt which is written off as an expense, impacting Bank of Commerce Holdings’s bottom line. … Today we will analyse Bank of Commerce Holdings’s level of bad debt and liabilities in order to understand the risk involved with investing in the bank.

Simply Wall St -

Why I Like Bank of Commerce Holdings (NASDAQ:BOCH)

Building up an investment case requires looking at a stock holistically. … Today I've chosen to put the spotlight on Bank of Commerce Holdings (NASDAQ:BOCH) due to its excellent fundamentals in more than one area.

Simply Wall St -

How Does Bank of Commerce Holdings (NASDAQ:BOCH) Fare As A Dividend Stock?

In the past 10 years Bank of Commerce Holdings (NASDAQ:BOCH) has returned an average of 3.00% per year to investors in the form of dividend payouts. … Let's dig deeper into whether Bank of Commerce Holdings should have a place in your portfolio. … View our latest analysis for Bank of Commerce Holdings

Simply Wall St -

Why Bank of Commerce Holdings's (NASDAQ:BOCH) ROE Of 7.49% Does Not Tell The Whole Story

and want to start learning about core concepts of fundamental analysis on practical examples from today's market. … With an ROE of 7.49%, Bank of Commerce Holdings (NASDAQ:BOCH) returned in-line to its own industry which delivered 8.83% over the past year. … View our latest analysis for Bank of Commerce Holdings

Simply Wall St -

Company Info

Description

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.

Details
Name: Bank of Commerce Holdings
BOCH
Exchange: NasdaqGM
Founded:
$202,878,607
18,146,566
Website: http://www.bankofcommerceholdings.com
Address: Bank of Commerce Holdings
555 Capitol Mall,
Suite 1255,
Sacramento,
California, 95814,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGM BOCH Common Stock Nasdaq Global Market US USD 10. Sep 1998
Number of employees
Current staff
Staff numbers
197
Bank of Commerce Holdings employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/19 23:52
End of day share price update: 2019/03/19 00:00
Last estimates confirmation: 2019/01/23
Last earnings filing: 2019/03/12
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.