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Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
pixel
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
What's in Democrats' big bill? Climate, health care, savings
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
pixel
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
What's in Democrats' big bill? Climate, health care, savings
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
pixel
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
What's in Democrats' big bill? Climate, health care, savings
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
NASDAQ:HTBK

Heritage Commerce - HTBK Stock Forecast, Price & News

$11.85
+0.33 (+2.86%)
(As of 08/5/2022 12:00 AM ET)
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Compare
Today's Range
$11.49
$11.87
50-Day Range
$10.61
$11.88
52-Week Range
$10.42
$12.94
Volume
235,707 shs
Average Volume
118,638 shs
Market Capitalization
$716.21 million
P/E Ratio
13.02
Dividend Yield
4.39%
Price Target
$13.33

Heritage Commerce MarketRank™ Forecast

Analyst Rating
Buy
3.33 Rating Score
Upside/​Downside
12.5% Upside
$13.33 Price Target
Short Interest
Healthy
1.77% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.18mentions of Heritage Commerce in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$80,386 Sold Last Quarter
Proj. Earnings Growth
25.71%
From $1.05 to $1.32 Per Share

Overall MarketRank

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

2.76 out of 5 stars

Finance Sector

146th out of 1,176 stocks

State Commercial Banks Industry

24th out of 214 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. The company operates through 17 full-service branch offices located in the general San Francisco Bay Area of California. Heritage Commerce Corp was founded in 1994 and is headquartered in San Jose, California.

Wall Street Analysts Forecast Growth

Separately, Raymond James upgraded shares of Heritage Commerce from an "outperform" rating to a "strong-buy" rating and set a $13.00 price objective for the company in a report on Thursday, July 7th.

Heritage Commerce Stock Up 2.9 %

Heritage Commerce stock traded up $0.33 during trading on Friday, reaching $11.85. The stock had a trading volume of 235,707 shares, compared to its average volume of 118,638. Heritage Commerce has a 52-week low of $10.42 and a 52-week high of $12.94. The business has a 50 day moving average price of $11.13 and a 200 day moving average price of $11.46. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.07. The stock has a market cap of $716.21 million, a PE ratio of 13.02 and a beta of 1.01.

Heritage Commerce Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 25th. Investors of record on Thursday, August 11th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Wednesday, August 10th. This represents a $0.52 dividend on an annualized basis and a yield of 4.39%. Heritage Commerce's dividend payout ratio is currently 57.14%.

Insider Buying and Selling

In related news, CFO Lawrence D. Mcgovern sold 2,500 shares of Heritage Commerce stock in a transaction that occurred on Friday, June 3rd. The shares were sold at an average price of $11.37, for a total value of $28,425.00. Following the completion of the transaction, the chief financial officer now owns 94,079 shares in the company, valued at $1,069,678.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Lawrence D. Mcgovern sold 4,550 shares of the business's stock in a transaction that occurred on Monday, June 6th. The shares were sold at an average price of $11.42, for a total transaction of $51,961.00. Following the completion of the sale, the chief financial officer now owns 89,529 shares in the company, valued at approximately $1,022,421.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Lawrence D. Mcgovern sold 2,500 shares of the business's stock in a transaction that occurred on Friday, June 3rd. The stock was sold at an average price of $11.37, for a total transaction of $28,425.00. Following the sale, the chief financial officer now owns 94,079 shares of the company's stock, valued at approximately $1,069,678.23. The disclosure for this sale can be found here. 4.05% of the stock is owned by insiders.

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HTBK Stock News Headlines

Heritage Bank of Commerce names Clay Jones CEO
Best Income Stocks to Buy for April 5th
Heritage Bank settles sexual harassment lawsuit
Heritage Commerce Corp declares $0.13 dividend
See More Headlines
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HTBK Company Calendar

Last Earnings
10/28/2021
Ex-Dividend for 5/26 Dividend
5/11/2022
Dividend Payable
5/26/2022
Today
8/07/2022
Ex-Dividend for 8/25 Dividend
8/10/2022
Dividend Payable
8/25/2022
Next Earnings (Estimated)
10/27/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:HTBK
CUSIP
42692710
Employees
325
Year Founded
1994

Price Target and Rating

Average Stock Price Forecast
$13.33
High Stock Price Forecast
$13.50
Low Stock Price Forecast
$13.00
Forecasted Upside/Downside
+12.5%
Consensus Rating
Buy
Rating Score (0-4)
3.33
Research Coverage
3 Analysts

Profitability

Net Income
$47.70 million
Pretax Margin
41.11%

Debt

Sales & Book Value

Annual Sales
$162.94 million
Cash Flow
$0.96 per share
Book Value
$9.92 per share

Miscellaneous

Free Float
57,992,000
Market Cap
$716.21 million
Optionable
Optionable
Beta
1.01

Social Links


Key Executives

  • Mr. Walter T. Kaczmarek (Age 70)
    Pres, CEO & Director
    Comp: $1.28M
  • Mr. Lawrence D. McGovern (Age 67)
    Exec. VP & CFO
    Comp: $638.7k
  • Mr. Robertson Jones (Age 51)
    Exec. VP & Pres of Community Bus. Banking
    Comp: $589.02k
  • Mr. Michael V. Hansen
    Sr. VP of Corp. Fin. Division
  • Mr. Jeffrey Javits
    EVP & Chief Information Officer
  • Ms. Deborah K. Reuter (Age 68)
    Exec. VP, Chief Risk Officer & Corp. Sec.
  • Diana Olveira
    VP and Marketing Director
  • Ms. May K. Y. Wong
    Exec. VP & Controller
  • Mr. Jeffrey Perkins
    Sr. VP & Central Coast Regional Mang.
  • Ms. Teresa L. Powell
    Exec. VP of HOA & Deposit Services













HTBK Stock - Frequently Asked Questions

Should I buy or sell Heritage Commerce stock right now?

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

What is Heritage Commerce's stock price forecast for 2022?

3 Wall Street research analysts have issued twelve-month price targets for Heritage Commerce's shares. Their HTBK stock forecasts range from $13.00 to $13.50. On average, they anticipate Heritage Commerce's share price to reach $13.33 in the next year. This suggests a possible upside of 12.5% from the stock's current price.
View analysts' price targets for Heritage Commerce
or view top-rated stocks among Wall Street analysts.

How has Heritage Commerce's stock performed in 2022?

Heritage Commerce's stock was trading at $11.94 on January 1st, 2022. Since then, HTBK stock has decreased by 0.8% and is now trading at $11.85.
View the best growth stocks for 2022 here
.

When is Heritage Commerce's next earnings date?

Heritage Commerce is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our earnings forecast for Heritage Commerce
.

How were Heritage Commerce's earnings last quarter?

Heritage Commerce Corp (NASDAQ:HTBK) announced its earnings results on Thursday, October, 28th. The financial services provider reported $0.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.21 by $0.02. The financial services provider had revenue of $40.59 million for the quarter, compared to analyst estimates of $39.58 million. Heritage Commerce had a trailing twelve-month return on equity of 9.29% and a net margin of 31.99%.

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

Heritage Commerce declared a quarterly dividend on Thursday, July 28th. Investors of record on Thursday, August 11th will be given a dividend of $0.13 per share on Thursday, August 25th. This represents a $0.52 annualized dividend and a yield of 4.39%. The ex-dividend date of this dividend is Wednesday, August 10th.
View Heritage Commerce's dividend history
.

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 4.39%. HTBK has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of Heritage Commerce is 57.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Heritage Commerce will have a dividend payout ratio of 39.39% next year. This indicates that Heritage Commerce will be able to sustain or increase its dividend.
View Heritage Commerce's dividend history.

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 many different institutional and retail investors. Top institutional shareholders include Granite Investment Partners LLC (2.56%), Tiedemann Advisors LLC (1.04%), State of New Jersey Common Pension Fund D (0.35%), TD Asset Management Inc. (0.28%), JCSD Capital LLC (0.23%) and Russell Investments Group Ltd. (0.23%). Company insiders that own Heritage Commerce stock include Jack W Conner, Jason Philip Dinapoli, Keith Wilton, Lawrence D Mcgovern, Michael Eugene Benito, Robert Moles, Stephen G Heitel and Steven L Hallgrimson.
View institutional ownership trends for Heritage Commerce
.

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 $11.85.

How much money does Heritage Commerce make?

Heritage Commerce (NASDAQ:HTBK) has a market capitalization of $716.21 million and generates $162.94 million in revenue each year. The financial services provider earns $47.70 million in net income (profit) each year or $0.91 on an earnings per share basis.

How many employees does Heritage Commerce have?

Heritage Commerce employs 325 workers across the globe.

When was Heritage Commerce founded?

Heritage Commerce was founded in 1994.

How can I contact Heritage Commerce?

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

This page (NASDAQ:HTBK) was last updated on 8/7/2022 by MarketBeat.com Staff

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