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Heritage Commerce (HTBK) Stock Forecast, Price & News

$8.28
-0.09 (-1.08%)
(As of 09/26/2023 ET)
Compare
Today's Range
$8.28
$8.43
50-Day Range
$8.30
$9.86
52-Week Range
$6.69
$14.87
Volume
182,139 shs
Average Volume
315,130 shs
Market Capitalization
$505.83 million
P/E Ratio
6.79
Dividend Yield
6.28%
Price Target
$12.00

Heritage Commerce MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
44.9% Upside
$12.00 Price Target
Short Interest
Healthy
1.02% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.71mentions of Heritage Commerce in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-3.70%
From $1.08 to $1.04 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.80 out of 5 stars

Finance Sector

210th out of 836 stocks

State Commercial Banks Industry

59th out of 174 stocks


HTBK stock logo

About Heritage Commerce (NASDAQ:HTBK) Stock

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. The company's loan portfolio comprises commercial loans, such as operating secured and unsecured loans advanced for working capital, equipment purchases, and other business purposes; commercial real estate loans; commercial construction loans for rental properties, commercial buildings, and homes; small business administration loans; home equity lines of credit; multifamily loans on residential properties; residential mortgage loans; and consumer loans consisting of loans for financing automobiles, various consumer goods, and other personal purposes. In addition, it offers other banking services, including cashier's checks, bank by mail, night depositories, safe deposit boxes, direct deposit, automated payroll, electronic funds transfer, online bill pay, homeowner association, remote deposit capture, automated clearing house origination, electronic data interchange, and check imaging services, as well as other customary banking, factoring financing, and electronic banking services. Heritage Commerce Corp was founded in 1994 and is headquartered in San Jose, California.

HTBK Price History

HTBK Stock News Headlines

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Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
Unlock the treasure on Mount Olympus with this little-known mining stock.
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
Heritage Commerce (NASDAQ: HTBK)
Piper Sandler Reaffirms Their Buy Rating on Heritage Commerce (HTBK)
Heritage Commerce (HTBK) Meets Q1 Earnings Estimates
See More Headlines
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HTBK Company Calendar

Last Earnings
7/27/2023
Ex-Dividend for 8/24 Dividend
8/09/2023
Dividend Payable
8/24/2023
Today
9/26/2023
Next Earnings (Estimated)
10/26/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:HTBK
CUSIP
42692710
Employees
347
Year Founded
1994

Price Target and Rating

Average Stock Price Forecast
$12.00
High Stock Price Forecast
$16.50
Low Stock Price Forecast
$10.00
Forecasted Upside/Downside
+44.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$66.56 million
Pretax Margin
45.63%

Debt

Sales & Book Value

Annual Sales
$198.94 million
Cash Flow
$1.19 per share
Book Value
$10.42 per share

Miscellaneous

Free Float
58,617,000
Market Cap
$507.66 million
Optionable
Optionable
Beta
1.01

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Key Executives

  • Mr. Robertson Jones (Age 52)
    Pres, CEO & Director
    Comp: $708.02k
  • Mr. Lawrence D. McGovern (Age 68)
    Exec. VP & CFO
    Comp: $625.16k
  • Ms. Deborah K. Reuter (Age 69)
    Exec. VP, Chief Risk Officer & Corp. Sec.
    Comp: $503.13k
  • Ms. Janice Y. Coonley SPHR (Age 48)
    Exec. VP and Chief People & Diversity Officer of Heritage Bank of Commerce
    Comp: $437.63k
  • Mr. Michael V. Hansen
    Sr. VP of Corp. Fin. Division
  • Mr. Jeffrey Javits
    EVP & Chief Information Officer
  • Ms. Suzanne Crocker
    Sr. VP of Marketing & Communications
  • Diana Olveira
    VP and Marketing Director
  • Ms. May K. Y. Wong
    Exec. VP & Controller
  • Mr. Jeffrey Perkins
    Sr. VP & Central Coast Regional Mang.













HTBK Stock - Frequently Asked Questions

Should I buy or sell Heritage Commerce stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Heritage Commerce in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" HTBK shares.
View HTBK analyst ratings
or view top-rated stocks.

What is Heritage Commerce's stock price forecast for 2023?

2 equities research analysts have issued 12 month price objectives for Heritage Commerce's shares. Their HTBK share price forecasts range from $10.00 to $16.50. On average, they anticipate the company's stock price to reach $12.00 in the next twelve months. This suggests a possible upside of 44.4% from the stock's current price.
View analysts price targets for HTBK
or view top-rated stocks among Wall Street analysts.

How have HTBK shares performed in 2023?

Heritage Commerce's stock was trading at $13.00 at the beginning of the year. Since then, HTBK shares have decreased by 36.1% and is now trading at $8.31.
View the best growth stocks for 2023 here
.

Are investors shorting Heritage Commerce?

Heritage Commerce saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 597,400 shares, an increase of 9.5% from the August 15th total of 545,400 shares. Based on an average daily volume of 276,000 shares, the short-interest ratio is presently 2.2 days. Currently, 1.0% of the company's stock are short sold.
View Heritage Commerce's Short Interest
.

When is Heritage Commerce's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our HTBK earnings forecast
.

How were Heritage Commerce's earnings last quarter?

Heritage Commerce Corp (NASDAQ:HTBK) released its quarterly earnings data on Thursday, July, 27th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by $0.02. The financial services provider had revenue of $48.37 million for the quarter, compared to analysts' expectations of $51.03 million. Heritage Commerce had a trailing twelve-month return on equity of 11.67% and a net margin of 32.20%.

How often does Heritage Commerce pay dividends? What is the dividend yield for Heritage Commerce?

Heritage Commerce declared a quarterly dividend on Thursday, July 27th. Investors of record on Thursday, August 10th will be given a dividend of $0.13 per share on Thursday, August 24th. This represents a $0.52 dividend on an annualized basis and a yield of 6.26%. The ex-dividend date is Wednesday, August 9th.
Read our dividend analysis for HTBK
.

What ETFs hold Heritage Commerce's stock?

ETFs with the largest weight of Heritage Commerce (NASDAQ:HTBK) stock in their portfolio include Roundhill Acquirers Deep Value ETF (DEEP).First Trust Dow Jones Select Microcap Index Fund (FDM).

Is Heritage Commerce a good dividend stock?

Heritage Commerce (NASDAQ:HTBK) pays an annual dividend of $0.52 per share and currently has a dividend yield of 6.27%. HTBK has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 42.62%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HTBK will have a dividend payout ratio of 50.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HTBK.

What other stocks do shareholders of Heritage Commerce own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Heritage Commerce investors own include AT&T (T), Enterprise Products Partners (EPD), AbbVie (ABBV), Huntington Bancshares (HBAN), Pfizer (PFE), Verizon Communications (VZ), Energy Transfer (ET), Marathon Petroleum (MPC), Automatic Data Processing (ADP) and Advanced Micro Devices (AMD).

What is Heritage Commerce's stock symbol?

Heritage Commerce trades on the NASDAQ under the ticker symbol "HTBK."

Who are Heritage Commerce's major shareholders?

Heritage Commerce's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (12.32%), Dimensional Fund Advisors LP (4.69%), State Street Corp (2.94%), The Manufacturers Life Insurance Company (2.66%), FJ Capital Management LLC (2.31%) and JPMorgan Chase & Co. (2.04%). Insiders that own company stock include Jack W Conner, Jason Philip Dinapoli, Kamran F Husain, Lawrence D Mcgovern, Michael Eugene Benito, Robert Moles, Stephen G Heitel and Walter Theodore Kaczmarek.
View institutional ownership trends
.

How do I buy shares of Heritage Commerce?

Shares of HTBK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Heritage Commerce's stock price today?

One share of HTBK stock can currently be purchased for approximately $8.31.

How much money does Heritage Commerce make?

Heritage Commerce (NASDAQ:HTBK) has a market capitalization of $507.66 million and generates $198.94 million in revenue each year. The financial services provider earns $66.56 million in net income (profit) each year or $1.22 on an earnings per share basis.

How many employees does Heritage Commerce have?

The company employs 347 workers across the globe.

How can I contact Heritage Commerce?

Heritage Commerce's mailing address is 150 ALMADEN BOULEVARD, SAN JOSE CA, 95113. The official website for the company is www.heritagecommercecorp.com. The financial services provider can be reached via phone at (408) 947-6900, via email at debbie.reuter@herbank.com, or via fax at 408-947-6910.

This page (NASDAQ:HTBK) was last updated on 9/26/2023 by MarketBeat.com Staff

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