Heritage Commerce (HTBK) Stock Forecast, Price & News

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.
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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.
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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.
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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.

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

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%.

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.

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).

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.

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).

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

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.

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

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.

The company employs 347 workers across the globe.

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.