NASDAQ:HTBK Heritage Commerce (HTBK) Stock Price, News & Analysis $9.66 -0.02 (-0.21%) (As of 09/12/2024 ET) Add Compare Share Share Today's Range$9.58▼$9.8250-Day Range$8.22▼$10.7152-Week Range$7.66▼$10.99Volume212,724 shsAverage Volume399,031 shsMarket Capitalization$591.73 millionP/E Ratio10.50Dividend Yield5.38%Price Target$11.50 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Heritage Commerce alerts: Email Address Heritage Commerce MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside19.0% Upside$11.50 Price TargetShort InterestHealthy1.59% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings Growth15.15%From $0.66 to $0.76 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.87 out of 5 starsFinancial Services Sector12th out of 27 stocksBanks - Regional Industry3rd out of 8 stocks 2.5 Analyst's Opinion Consensus RatingHeritage Commerce has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.Amount of Analyst CoverageHeritage Commerce has only been the subject of 2 research reports in the past 90 days.Read more about Heritage Commerce's stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.59% of the float of Heritage Commerce has been sold short.Short Interest Ratio / Days to CoverHeritage Commerce has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Heritage Commerce has recently increased by 1.05%, indicating that investor sentiment is decreasing. Previous Next 3.3 Dividend Strength Dividend LeadershipHeritage Commerce is a leading dividend payer. It pays a dividend yield of 5.37%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthHeritage Commerce does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Heritage Commerce is 56.52%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Heritage Commerce will have a dividend payout ratio of 68.42% next year. This indicates that Heritage Commerce will be able to sustain or increase its dividend.Read more about Heritage Commerce's dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for HTBK. Previous Next 1.5 News and Social Media Coverage News SentimentHeritage Commerce has a news sentiment score of 0.63. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.86 average news sentiment score of Financial Services companies.News Coverage This WeekMarketBeat has tracked 1 news article for Heritage Commerce this week, compared to 1 article on an average week.Search InterestOnly 2 people have searched for HTBK on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Heritage Commerce insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 3.99% of the stock of Heritage Commerce is held by insiders.Percentage Held by Institutions75.55% of the stock of Heritage Commerce is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Heritage Commerce's insider trading history. Previous Next 3.8 Earnings and Valuation Earnings GrowthEarnings for Heritage Commerce are expected to grow by 15.15% in the coming year, from $0.66 to $0.76 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Heritage Commerce is 10.50, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 130.59.Price to Earnings Ratio vs. SectorThe P/E ratio of Heritage Commerce is 10.50, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 416.63.Price to Book Value per Share RatioHeritage Commerce has a P/B Ratio of 0.88. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.Read more about Heritage Commerce's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Timothy Sykes“Why I don’t care if the Fed cuts rates” - SYKES In on Friday out by Monday Over the past decade I’ve made millions of dollars with a strategy I call Weekend Trading. It’s the best strategy I know of - because it revolves around making a quick trade right before the market closes on Friday afternoon… And closing the trade when the market opens the following Monday. I’m hosting a free trading broadcast on Thursday, September 12 at 6 PM ET to show you exactly how y About Heritage Commerce Stock (NASDAQ:HTBK)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.Read More HTBK Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart HTBK Stock News HeadlinesSeptember 3, 2024 | americanbankingnews.comHeritage Commerce (NASDAQ:HTBK) Shares Pass Above 200-Day Moving Average of $8.67August 15, 2024 | globenewswire.comRanson W. Webster to Retire from Heritage Commerce Corp Board of Directors and Julianne M. Biagini-Komas to be named Vice Chair of BoardSeptember 12, 2024 | Weiss Ratings (Ad)Blacklisted by AI: Guilty Until Proven Innocent!AI has garnered a lot of attention post the launch of ChatGPT, and rightly so. But here's a chilling fact a lot of people don't know: For decades, agencies like the NSA have been using AI to illegally snoop into the private lives of millions of Americans.August 15, 2024 | yahoo.comHeritage Days, Short Track, new bar opening among 13 things to in the Galesburg areaAugust 12, 2024 | finance.yahoo.comHeritage Commerce Second Quarter 2024 Earnings: Misses ExpectationsAugust 4, 2024 | finance.yahoo.comWe Wouldn't Be Too Quick To Buy Heritage Commerce Corp (NASDAQ:HTBK) Before It Goes Ex-DividendJuly 26, 2024 | gurufocus.comHeritage Commerce Corp Q2 2024 Earnings: EPS of $0.15 Misses Estimates, Revenue at $41.02 MillionJuly 26, 2024 | marketwatch.comHeritage Commerce to Buy Back $15 Million in SharesSeptember 12, 2024 | Weiss Ratings (Ad)Blacklisted by AI: Guilty Until Proven Innocent!AI has garnered a lot of attention post the launch of ChatGPT, and rightly so. But here's a chilling fact a lot of people don't know: For decades, agencies like the NSA have been using AI to illegally snoop into the private lives of millions of Americans.July 26, 2024 | forbes.comHeritage CommerceJuly 25, 2024 | globenewswire.comHeritage Commerce Corp Announces $15 Million Share RepurchaseJuly 25, 2024 | globenewswire.comHeritage Commerce Corp Declares Regular Quarterly Cash Dividend of $0.13 Per ShareJuly 25, 2024 | globenewswire.comHeritage Commerce Corp Reports Increased Average Loans and Average Deposits and Enhanced Credit QualityMay 21, 2024 | globenewswire.comKBRA Affirms Ratings for Heritage Commerce CorpMay 20, 2024 | finance.yahoo.comHeritage Commerce Corp Awarded the Twelfth Annual Raymond James Community Bankers CupMay 20, 2024 | globenewswire.comHeritage Commerce Corp Awarded the Twelfth Annual Raymond James Community Bankers CupMay 11, 2024 | finance.yahoo.comHeritage Commerce First Quarter 2024 Earnings: Misses ExpectationsMay 10, 2024 | finance.yahoo.comKBRA Affirms Ratings for Heritage Commerce CorpSee More Headlines Receive HTBK Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Heritage Commerce and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings7/26/2024Ex-Dividend for 8/22 Dividend8/08/2024Dividend Payable8/22/2024Today9/12/2024Next Earnings (Estimated)10/24/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorFinancial Services Industry Banks - Regional Sub-IndustryRegional Banks Current SymbolNASDAQ:HTBK CUSIP42692710 CIK1053352 Webwww.heritagecommercecorp.com Phone(408) 947-6900Fax408-947-6910Employees353Year Founded1994Price Target and Rating Average Stock Price Target$11.50 High Stock Price Target$12.00 Low Stock Price Target$11.00 Potential Upside/Downside+18.8%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$0.92 Trailing P/E Ratio10.52 Forward P/E Ratio14.67 P/E GrowthN/ANet Income$64.44 million Net Margins19.82% Pretax Margin27.86% Return on Equity7.21% Return on Assets0.92% Debt Debt-to-Equity Ratio0.06 Current Ratio0.76 Quick Ratio0.76 Sales & Book Value Annual Sales$174.97 million Price / Sales3.39 Cash Flow$1.06 per share Price / Cash Flow9.14 Book Value$11.02 per share Price / Book0.88Miscellaneous Outstanding Shares61,256,000Free Float58,812,000Market Cap$592.96 million OptionableOptionable Beta0.93 Social Links The Next 7 Blockbuster Stocks for Growth InvestorsWondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.Get This Free Report Key ExecutivesMr. Robertson Jones (Age 53)President, CEO & Director Comp: $981.99kMr. Lawrence D. McGovern (Age 69)Executive VP & CFO Comp: $606.58kMs. Deborah K. Reuter (Age 70)Executive VP, Chief Risk Officer & Corporate Secretary Comp: $496.7kGlen E. ShuExecutive VP & President of Specialty Finance GroupMr. Michael V. HansenSenior Vice President of Corporate Finance DivisionMr. Sachin VaidyaExecutive VP & Chief Information OfficerMs. Suzanne CrockerSenior Vice President of Marketing & CommunicationsMs. May K. Y. WongExecutive VP & ControllerMr. Jeffrey PerkinsSenior VP & Central Coast Regional ManagerMs. Susan JustExecutive VP & Chief Credit Officer of Heritage Bank of CommerceMore ExecutivesKey CompetitorsFirst FinancialNASDAQ:THFFLuther BurbankNASDAQ:LBCAltabancorpNASDAQ:ALTACrossFirst BanksharesNASDAQ:CFBBank of Marin BancorpNASDAQ:BMRCView All CompetitorsInsiders & InstitutionsCreative PlanningBought 19,334 shares on 8/16/2024Ownership: 0.123%The Manufacturers Life Insurance Company Sold 53,586 shares on 8/15/2024Ownership: 2.213%AlTi Global Inc.Bought 6,747 shares on 8/15/2024Ownership: 1.058%AQR Capital Management LLCBought 133,514 shares on 8/15/2024Ownership: 0.889%Susquehanna Fundamental Investments LLCBought 13,118 shares on 8/15/2024Ownership: 0.021%View All Insider TransactionsView All Institutional Transactions HTBK Stock Analysis - Frequently Asked Questions How have HTBK shares performed this year? Heritage Commerce's stock was trading at $9.92 at the beginning of the year. Since then, HTBK shares have decreased by 2.6% and is now trading at $9.66. View the best growth stocks for 2024 here. How were Heritage Commerce's earnings last quarter? Heritage Commerce Corp (NASDAQ:HTBK) issued its quarterly earnings data on Friday, July, 26th. The financial services provider reported $0.15 earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by $0.04. The financial services provider earned $61.35 million during the quarter, compared to analyst estimates of $43.35 million. Heritage Commerce had a net margin of 19.82% and a trailing twelve-month return on equity of 7.21%. Who are Heritage Commerce's major shareholders? Heritage Commerce's top institutional investors include Dimensional Fund Advisors LP (4.98%), The Manufacturers Life Insurance Company (2.21%), Assenagon Asset Management S.A. (1.67%) and American Century Companies Inc. (1.50%). Insiders that own company stock include Jason Philip Dinapoli, Walter Theodore Kaczmarek, Jack W Conner, Lawrence D Mcgovern, Robert Moles, Stephen G Heitel and Kamran F Husain. 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. What other stocks do shareholders of Heritage Commerce own? Based on aggregate information from My MarketBeat watchlists, some other companies that Heritage Commerce investors own include AT&T (T), Enterprise Products Partners (EPD), AbbVie (ABBV), Huntington Bancshares (HBAN), Pfizer (PFE), Verizon Communications (VZ) and Energy Transfer (ET). 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