NasdaqGM:BOCH

Stock Analysis Report

Bank of Commerce Holdings

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

Fundamentals

Excellent balance sheet and good value.

Risks

  • Bank of Commerce Holdings is covered by less than 3 analysts.

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


Market Performance


7 Day Return

1.1%

NasdaqGM:BOCH

3.3%

US Banks

2.1%

US Market


1 Year Return

-21.4%

NasdaqGM:BOCH

-13.8%

US Banks

-0.04%

US Market

BOCH underperformed the Banks industry which returned -14.8% over the past year.

BOCH underperformed the Market in United States of America which returned 0.2% over the past year.


Share holder returns

BOCHIndustryMarket
7 Day1.1%3.3%2.1%
30 Day-4.6%-7.0%-3.2%
90 Day-3.6%-2.3%2.8%
1 Year-20.2%-21.4%-11.3%-13.8%2.2%-0.04%
3 Year55.6%49.6%42.5%32.7%41.5%32.3%
5 Year77.1%63.7%54.2%37.6%55.0%37.8%

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

Valuation

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

11.61x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Bank of Commerce Holdings's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Bank of Commerce Holdings's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

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

Bank of Commerce Holdings is good value based on expected growth next year.


Price Based on Value of Assets

Bank of Commerce Holdings is good value based on assets compared to the US Banks industry average.


Next Steps

Future Growth

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

19.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Bank of Commerce Holdings's revenue is expected to grow by 6.1% yearly, however this is not considered high growth (20% yearly).

Bank of Commerce Holdings's earnings are expected to grow by 19.5% yearly, however this is not considered high growth (20% yearly).

Bank of Commerce Holdings's revenue growth is positive but not above the United States of America market average.

Bank of Commerce Holdings's earnings growth is expected to exceed the United States of America market average.

Bank of Commerce Holdings's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Bank of Commerce Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

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

19.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

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 (52.1% vs 19.2%)

Bank of Commerce Holdings's earnings growth has exceeded the US Banks industry average in the past year (52.1% vs 33.2%).


Return on Equity

Bank of Commerce Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Bank of Commerce Holdings used its assets less efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

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.


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

Information is not available.

Information is not available.


Financial Institutions Analysis

Bank of Commerce Holdings has an acceptable proportion of non-loan assets held.

Bank of Commerce Holdings has a low allowance for bad loans.

Bank of Commerce Holdings's liabilities are made up of primarily low risk sources of funding.

Bank of Commerce Holdings's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at Bank of Commerce Holdings are broadly funded by customer deposits.

Bank of Commerce Holdings has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

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

2.05%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Bank of Commerce Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

Bank of Commerce Holdings's dividend is below the markets top 25% of dividend payers in United States of America (3.84%).

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

Dividends paid are well covered by earnings (5.1x 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.


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?

5.7yrs

Average management tenure


CEO

Randy Eslick (62yo)

5.8yrs

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

Randy's remuneration is about average for companies of similar size in United States of America.

Randy's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

5.7yrs

Average Tenure

62yo

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.


Board Age and Tenure

6.4yrs

Average Tenure

64.5yo

Average Age

The tenure for the Bank of Commerce Holdings board of directors is about average.


Insider Trading

More shares have been bought than sold by Bank of Commerce Holdings individual insiders in the past 3 months.


Recent Insider Transactions

BuyUS$29,97015 Aug 19
James Sundquist
EntityIndividual
Role
Chief Financial Officer
Executive VP & CFO
Shares3,000
Max PriceUS$9.99
BuyUS$50,75012 Aug 19
Joseph Gibson
EntityIndividual
Role
Member of the Board of Directors
Director
Shares5,000
Max PriceUS$10.15
BuyUS$42,40023 Jul 19
Karl Silberstein
EntityIndividual
Role
Member of the Board of Directors
Director
Shares4,000
Max PriceUS$10.60
BuyUS$25,87531 May 19
James Sundquist
EntityIndividual
Role
Chief Financial Officer
Executive VP & CFO
Shares2,500
Max PriceUS$10.35
BuyUS$26,67730 May 19
David Inderkum
EntityIndividual
Role
Member of the Board of Directors
Director
Shares2,591
Max PriceUS$10.30
BuyUS$26,25015 May 19
Joseph Gibson
EntityIndividual
Role
Member of the Board of Directors
Director
Shares2,500
Max PriceUS$10.50
BuyUS$31,10002 May 19
Karl Silberstein
EntityIndividual
Role
Member of the Board of Directors
Director
Shares2,907
Max PriceUS$10.75
BuyUS$10,60201 May 19
Karl Silberstein
EntityIndividual
Role
Member of the Board of Directors
Director
Shares978
Max PriceUS$10.85
BuyUS$86801 May 19
Karl Silberstein
EntityIndividual
Role
Member of the Board of Directors
Director
Shares80
Max PriceUS$10.85
BuyUS$10,95026 Apr 19
Karl Silberstein
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,000
Max PriceUS$10.95
BuyUS$38026 Apr 19
Karl Silberstein
EntityIndividual
Role
Member of the Board of Directors
Director
Shares35
Max PriceUS$10.85
BuyUS$3,23018 Mar 19
Karl Silberstein
EntityIndividual
Role
Member of the Board of Directors
Director
Shares295
Max PriceUS$10.95
BuyUS$32,40012 Mar 19
Karl Silberstein
EntityIndividual
Role
Member of the Board of Directors
Director
Shares3,000
Max PriceUS$10.80
BuyUS$11,47029 Jan 19
Robert Muttera
EntityIndividual
Role
Senior Key Executive
Executive VP & Chief Credit Officer
Shares1,000
Max PriceUS$11.47
BuyUS$26,75014 Dec 18
James Sundquist
EntityIndividual
Role
Chief Financial Officer
Executive VP & CFO
Shares2,500
Max PriceUS$10.70
BuyUS$54,75607 Dec 18
Lyle Tullis
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares5,000
Max PriceUS$10.97
BuyUS$114,87525 Oct 18
James Sundquist
EntityIndividual
Role
Chief Financial Officer
Executive VP & CFO
Shares10,000
Max PriceUS$11.51
BuyUS$34,30025 Oct 18
Karl Silberstein
EntityIndividual
Role
Member of the Board of Directors
Director
Shares3,000
Max PriceUS$11.45
BuyUS$230,80025 Oct 18
Lyle Tullis
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares20,000
Max PriceUS$11.54
BuyUS$28,75023 Oct 18
Joseph Gibson
EntityIndividual
Role
Member of the Board of Directors
Director
Shares2,500
Max PriceUS$11.50

Ownership Breakdown


Management Team

  • Bob Muttera (65yo)

    Executive VP & Chief Credit Officer

    • Tenure: 5.6yrs
    • Compensation: US$600.91k
  • James Sundquist (64yo)

    Executive VP & CFO

    • Tenure: 4.7yrs
    • Compensation: US$470.31k
  • Debbie Sylvester (61yo)

    Chief Administrative Officer & Senior VP

    • Tenure: 15.6yrs
  • Sam Jimenez (55yo)

    Executive VP & COO

    • Tenure: 5.7yrs
    • Compensation: US$523.50k
  • Randy Eslick (62yo)

    President

    • Tenure: 5.8yrs
    • Compensation: US$894.51k
  • John Rainey

    Senior VP Senior Loan Officer

    • Tenure: 13.1yrs
  • Dennis Lee

    Senior VP & Lending Group Manager

    • Tenure: 13.1yrs
  • Craig Heimuller

    Senior VP & Chief Information Officer

    • Tenure: 1.8yrs
  • Donna Moore

    Human Resources Officer

    • Tenure: 0.0yrs
  • Bruce Davis

    SEC Counsel

    • Tenure: 0.0yrs

Board Members

  • Lyle Tullis (69yo)

    Chairman of the Board

    • Tenure: 6.5yrs
    • Compensation: US$90.55k
  • Linda Miles (66yo)

    Director

    • Tenure: 5.3yrs
    • Compensation: US$29.20k
  • Randy Eslick (62yo)

    President

    • Tenure: 5.8yrs
    • Compensation: US$894.51k
  • Jon Halfhide (62yo)

    Vice Chairman of the Board

    • Tenure: 6.5yrs
    • Compensation: US$50.25k
  • Orin Bennett (71yo)

    Director

    • Tenure: 13.3yrs
    • Compensation: US$76.74k
  • Gary Burks (65yo)

    Director

    • Tenure: 11.3yrs
    • Compensation: US$31.90k
  • David Inderkum (63yo)

    Director

    • Tenure: 0.5yrs
  • Terry Street (64yo)

    Director

    • Tenure: 6.3yrs
    • Compensation: US$41.69k
  • Joe Gibson (72yo)

    Director

    • Tenure: 9.3yrs
    • Compensation: US$39.23k
  • Karl Silberstein (62yo)

    Director

    • Tenure: 3.2yrs
    • 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$183.286m
  • Shares outstanding: 18.15m
  • Website: https://www.bankofcommerceholdings.com

Number of Employees


Location

  • Bank of Commerce Holdings
  • 555 Capitol Mall
  • Suite 1255
  • Sacramento
  • California
  • 95814
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BOCHNasdaqGM (Nasdaq Global Market)YesCommon StockUSUSDSep 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/22 23:53
End of Day Share Price2019/08/22 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.