Bank of Commerce Holdings (BOCH) released its first quarter results on Monday, April 19, 2021. The company reported net earnings of $0.29 per share for the first quarter ending March 31, 2021. Earnings for this past quarter were up 462 percent compared to the same period a year ago.
Bank of Commerce Holdings was founded in 1982 and is headquartered in Sacramento, California. 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.
Bank of Commerce Holdings' revenue increased 2 percent over the past trailing twelve-month period versus the previous twelve-month period. Operating margins increased to 39.94% over the same period. Net earnings for past trailing twelve months were $18.17 million, up 34% from the prior year.
Overall liquidity of the balance sheet, as measured by the current ratio, increased 21.66% this past year. The current ratio for Bank of Commerce Holdings now stands at 0.07. The company increased share outstanding by 0.47%.
Shares of BOCH are currently trading around $13.45. In terms of valuation, the stock is trading at a trailing twelve-month price to earnings ratio of 12.42 and price to book ratio of 1.27.