Heritage Commerce Corp (NASDAQ:HTBK – Get Free Report) has been given a consensus rating of “Moderate Buy” by the four brokerages that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $10.50.
Several equities research analysts have recently commented on HTBK shares. Keefe, Bruyette & Woods reduced their target price on shares of Heritage Commerce from $12.00 to $11.00 and set an “outperform” rating on the stock in a research note on Friday, January 26th. Piper Sandler reduced their price target on shares of Heritage Commerce from $11.00 to $10.00 and set an “overweight” rating on the stock in a research report on Friday, April 26th. Finally, StockNews.com lowered shares of Heritage Commerce from a “hold” rating to a “sell” rating in a report on Tuesday, April 30th.
View Our Latest Research Report on Heritage Commerce
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Heritage Commerce Price Performance
NASDAQ:HTBK opened at $8.30 on Friday. The company has a market capitalization of $508.38 million, a price-to-earnings ratio of 9.02 and a beta of 0.91. The company has a 50-day moving average of $8.23 and a 200-day moving average of $8.69. Heritage Commerce has a 52 week low of $6.77 and a 52 week high of $10.22. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.77 and a current ratio of 0.77.
Heritage Commerce (NASDAQ:HTBK – Get Free Report) last issued its earnings results on Friday, April 26th. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). The company had revenue of $59.60 million during the quarter, compared to analyst estimates of $43.83 million. Heritage Commerce had a return on equity of 8.40% and a net margin of 22.84%. As a group, equities research analysts anticipate that Heritage Commerce will post 0.74 earnings per share for the current fiscal year.
Heritage Commerce Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th will be given a dividend of $0.13 per share. The ex-dividend date is Wednesday, May 8th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 6.27%. Heritage Commerce’s payout ratio is 56.52%.
Heritage Commerce Company Profile
Heritage Commerce Corp operates as the bank holding company for Heritage Bank of Commerce that provides various commercial and personal banking services to residents and the business/professional community in California. Its deposit products for business banking and retail markets include interest and non-interest-bearing demand, savings, and money market accounts, as well as certificates of deposit and time deposits.
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