NasdaqGM:BOCH

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Bank of Commerce Holdings

Executive Summary

Bank of Commerce Holdings operates as the bank holding company for Merchants Bank of Commerce that provides a range of financial services and products for small to medium-sized businesses, and retail customers in California.


Snowflake Analysis

Flawless balance sheet and fair 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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

5.7%

BOCH

3.9%

US Banks

2.5%

US Market


1 Year Return

-22.0%

BOCH

-20.0%

US Banks

16.3%

US Market

Return vs Industry: BOCH matched the US Banks industry which returned -22.3% over the past year.

Return vs Market: BOCH underperformed the US Market which returned 15.8% over the past year.


Shareholder returns

BOCHIndustryMarket
7 Day5.7%3.9%2.5%
30 Day17.4%9.5%5.6%
90 Day6.0%7.2%16.4%
1 Year-20.2%-22.0%-17.2%-20.0%18.8%16.3%
3 Year-15.7%-19.8%-9.1%-16.4%45.1%35.7%
5 Year50.0%38.3%13.9%0.02%75.8%56.8%

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 compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BOCH ($7.98) is trading below our estimate of fair value ($16.93)

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 (10.2x) compared to the US Banks industry average (9.7x).

PE vs Market: BOCH is good value based on its PE Ratio (10.2x) compared to the US market (18.8x).


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's PB Ratio (0.8x) is in line with the US Banks industry average.


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?

-21.5%

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 (-21.5% per year).

Earnings vs Market: BOCH's earnings are forecast to decline over the next 3 years (-21.5% per year).

High Growth Earnings: BOCH's earnings are forecast to decline over the next 3 years.

Revenue vs Market: BOCH's revenue (3.5% per year) is forecast to grow slower than the US market (9.4% per year).

High Growth Revenue: BOCH's revenue (3.5% 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?

20.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BOCH has high quality earnings.

Growing Profit Margin: BOCH's current net profit margins (25.7%) are lower than last year (26.8%).


Past Earnings Growth Analysis

Earnings Trend: BOCH's earnings have grown significantly by 20.7% 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 (-7.1%) over the past year, making it difficult to compare to the Banks industry average (-2.8%).


Return on Equity

High ROE: BOCH's Return on Equity (8.1%) 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 (10.1x) is moderate.

Allowance for Bad Loans: BOCH has a sufficient allowance for bad loans (241%).

Low Risk Liabilities: 97% 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 (69%).

Low Risk Deposits: BOCH's Loans to Deposits ratio (80%) is appropriate.

Level of Bad Loans: BOCH has an appropriate level of bad loans (0.6%).


Next Steps

Dividend

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

2.51%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BOCH's dividend (2.51%) is higher than the bottom 25% of dividend payers in the US market (1.65%).

High Dividend: BOCH's dividend (2.51%) is low compared to the top 25% of dividend payers in the US market (4.45%).


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 (25.6%), 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?

6.1yrs

Average management tenure


CEO

Randy Eslick (63 yo)

6.75yrs

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 ($USD703.15K) is about average for companies of similar size in the US market ($USD598.76K).

Compensation vs Earnings: Randy's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Randall Eslick
President6.75yrsUS$703.15k0.32%
$ 425.3k
James Sundquist
Executive VP & CFO5.67yrsUS$427.04k1%
$ 1.3m
Robert Muttera
Executive VP & Chief Credit Officer6.58yrsUS$416.53k0.71%
$ 940.3k
Carl Rood
Executive VP & COOno datano datano data
John-David Phelps
Senior VP & Chief Information Officer0.92yrno datano data
Debra Sylvester
Chief Administrative Officer & Senior VP16.58yrsno datano data
Bonnie Smith
Senior VP & Human Resources Director2.75yrsno datano data
Desiree Fosnaugh
Senior VP & Chief Risk Officerno datano datano data
Andrea Newburn
VP, Senior Administrative Officer & Corporate Secretaryno datano datano data

6.1yrs

Average Tenure

64yo

Average Age

Experienced Management: BOCH's management team is seasoned and experienced (6.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Randall Eslick
President6.75yrsUS$703.15k0.32%
$ 425.3k
Lyle Tullis
Independent Chairman of the Board7.5yrsUS$91.86k2.03%
$ 2.7m
Linda Miles
Independent Director6.25yrsUS$30.07k0.13%
$ 168.4k
Jon Halfhide
Independent Vice Chairman of the Board7.5yrsUS$48.67k0.26%
$ 348.7k
Orin Bennett
Independent Director14.25yrsUS$76.01k0.45%
$ 600.6k
Gary Burks
Independent Director12.25yrsUS$31.85k0.055%
$ 72.9k
David Inderkum
Independent Director1.5yrsUS$17.60k0.18%
$ 244.2k
Terence Street
Independent Director7.25yrsUS$42.19k0.30%
$ 399.0k
Joseph Gibson
Independent Director10.25yrsUS$47.00k0.82%
$ 1.1m
Karl Silberstein
Independent Director4.17yrsUS$30.47k0.24%
$ 321.6k

7.4yrs

Average Tenure

65.5yo

Average Age

Experienced Board: BOCH's board of directors are considered experienced (7.4 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$132.843m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BOCHNasdaqGM (Nasdaq Global Market)YesCommon StockUSUSDSep 1998
42IDB (Deutsche Boerse AG)YesCommon StockDEEURSep 1998

Biography

Bank of Commerce Holdings operates as the bank holding company for Merchants Bank of Commerce that provides a range of financial services and products for small to medium-sized businesses, and retail custo ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/07 23:45
End of Day Share Price2020/08/07 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.