Revenue Update on Bank of Commerce Holdings(NASDAQ:BOCH)

Bank of Commerce Holdings(NASDAQ:BOCH) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 22, 2016. Company reported revenue of $9.65M. Analysts estimated a revenue of $10.30M. Earnings per share were $0.11. Analysts had estimated an EPS of $0.19.

Bank of Commerce Holdings (BOCH) remained unchanged at the close of Thursday session. Even as the volume increased to 12,875 ,the shares failed to make any impression and ended at 0 points or 0.00% at $6.53. The trading session commenced at $6.5 and the stock hit a high of $6.55 and touched $6.48 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $7.3887 and the 52-week low is $5.05. The company has a market cap of $88 M and has approximately 1,34,41,606 outstanding shares.

Several Insider Transactions has been reported to the SEC. On May 4, 2016, James A Sundquist (CFO) purchased 7,500 shares at $6.28 per share price.Also, On Apr 27, 2016, Joseph Gibson (director) purchased 5,000 shares at $6.27 per share price.On Jan 27, 2016, Lyle L Tullis (director) purchased 5,000 shares at $5.88 per share price, according to the Form-4 filing with the securities and exchange commission.

Bank of Commerce Holdings (Holding Company) is a bank holding company. The Company’s principal business is to serve as a holding company for Redding Bank of Commerce (Bank) which operates under two separate names (Redding Bank of Commerce and Sacramento Bank of Commerce). The Bank operates four full service facilities in two diverse markets in Northern California. The Bank provides a range of financial services and products for business and retail customers. The products such as checking interest bearing checking and savings accounts money market deposit accounts sweep arrangements commercial construction term loans safe deposit boxes collection services and electronic banking activities. The primary focus of the Bank is to provide banking and related services to small and mid-sized businesses not-for-profit organizations and professional service providers as well as banking services for consumers primarily business owners and their key employees.

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