Bank of Commerce Holdings operates as the bank holding company for Merchants Bank of Commerce, a chartered commercial bank that provides a range of financial services and products for small to medium-sized businesses, and retail customers.
No risks detected for BOCH from our risk checks.
Bank of Commerce Holdings Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$13.25|
|52 Week High||US$6.52|
|52 Week Low||US$15.38|
|1 Month Change||-7.79%|
|3 Month Change||-4.12%|
|1 Year Change||85.84%|
|3 Year Change||4.74%|
|5 Year Change||84.03%|
|Change since IPO||173.28%|
Recent News & Updates
|BOCH||US Banks||US Market|
Return vs Industry: BOCH exceeded the US Banks industry which returned 63.3% over the past year.
Return vs Market: BOCH exceeded the US Market which returned 33.8% over the past year.
Stable Share Price: BOCH is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: BOCH's weekly volatility (4%) has been stable over the past year.
About the Company
Bank of Commerce Holdings operates as the bank holding company for Merchants Bank of Commerce, a chartered commercial bank that provides a range of financial services and products for small to medium-sized businesses, and retail customers. The company accepts various deposit products, such as checking, interest-bearing checking, money market, and savings accounts, as well as certificates of deposit. Its loan products include commercial, commercial real estate, residential real estate, consumer, construction, term, and small business administration loans.
Is Bank of Commerce Holdings undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BOCH ($13.25) is trading below our estimate of fair value ($20.78)
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 (12x) compared to the US Banks industry average (10.8x).
PE vs Market: BOCH is good value based on its PE Ratio (12x) compared to the US market (17.8x).
Price to Earnings Growth Ratio
PEG Ratio: BOCH is poor value based on its PEG Ratio (76.4x)
Price to Book Ratio
PB vs Industry: BOCH is overvalued based on its PB Ratio (1.2x) compared to the US Banks industry average (1.1x).
How is Bank of Commerce Holdings forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BOCH's forecast earnings growth (0.2% per year) is below the savings rate (2%).
Earnings vs Market: BOCH's earnings (0.2% per year) are forecast to grow slower than the US market (14.8% per year).
High Growth Earnings: BOCH's earnings are forecast to grow, but not significantly.
Revenue vs Market: BOCH's revenue (0.1% per year) is forecast to grow slower than the US market (9.8% per year).
High Growth Revenue: BOCH's revenue (0.1% 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 (8.8%).
How has Bank of Commerce Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BOCH has high quality earnings.
Growing Profit Margin: BOCH's current net profit margins (30.6%) are higher than last year (25.7%).
Past Earnings Growth Analysis
Earnings Trend: BOCH's earnings have grown significantly by 21.2% per year over the past 5 years.
Accelerating Growth: BOCH's earnings growth over the past year (34%) exceeds its 5-year average (21.2% per year).
Earnings vs Industry: BOCH earnings growth over the past year (34%) underperformed the Banks industry 36%.
Return on Equity
High ROE: BOCH's Return on Equity (10.1%) is considered low.
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
Financial Institutions Analysis
Asset Level: BOCH's Assets to Equity ratio (10.5x) is moderate.
Allowance for Bad Loans: BOCH has a sufficient allowance for bad loans (451%).
Low Risk Liabilities: 98% 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 (56%).
Low Risk Deposits: BOCH's Loans to Deposits ratio (63%) is appropriate.
Level of Bad Loans: BOCH has an appropriate level of bad loans (0.3%).
What is Bank of Commerce Holdings's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BOCH's dividend (1.81%) is higher than the bottom 25% of dividend payers in the US market (1.33%).
High Dividend: BOCH's dividend (1.81%) is low compared to the top 25% of dividend payers in the US market (3.6%).
Stability and Growth of Payments
Stable Dividend: BOCH's dividends per share have been stable in the past 10 years.
Growing Dividend: BOCH's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (20.8%), BOCH's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BOCH's dividends in 3 years are forecast to be well covered by earnings (27.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Randy Eslick (64 yo)
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 20, 2013. As the C...
CEO Compensation Analysis
Compensation vs Market: Randy's total compensation ($USD827.55K) is about average for companies of similar size in the US market ($USD1.10M).
Compensation vs Earnings: Randy's compensation has been consistent with company performance over the past year.
Experienced Management: BOCH's management team is seasoned and experienced (5.3 years average tenure).
Experienced Board: BOCH's board of directors are considered experienced (8.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Bank of Commerce Holdings's employee growth, exchange listings and data sources
- Name: Bank of Commerce Holdings
- Ticker: BOCH
- Exchange: NasdaqGM
- Founded: 1982
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$221.913m
- Shares outstanding: 16.75m
- Website: https://www.bankofcommerceholdings.com
Number of Employees
- Bank of Commerce Holdings
- 555 Capitol Mall
- Suite 1255
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/19 22:04|
|End of Day Share Price||2021/09/17 00:00|
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.