NASDAQ:HTBK

Heritage Commerce (HTBK) Stock Forecast, Price & News

$8.47

+0.10 (+1.19%)

(As of 09/29/2023 ET)

Compare

Today's Range: $8.41
▼
$8.53
50-Day Range: $8.26
▼
$9.86
52-Week Range: $6.69
▼
$14.87

Volume: 184,902 shs
Average Volume: 193,004 shs
Market Capitalization: $517.43 million

P/E Ratio: 6.94
Dividend Yield: 6.14%
Price Target: $12.00

Heritage Commerce MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 41.7% Upside
$12.00 Price Target
Short Interest: Healthy
1.03% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: 1.64
Based on 3 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

188th out of 880 stocks

State Commercial Banks Industry

53rd out of 186 stocks

3.3

Analyst's Opinion

Consensus Rating
Heritage Commerce has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $12.00, Heritage Commerce has a forecasted upside of 41.7% from its current price of $8.47.
Amount of Analyst Coverage
Heritage Commerce has only been the subject of 2 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.03% of the float of Heritage Commerce has been sold short.
Short Interest Ratio / Days to Cover
Heritage Commerce has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Heritage Commerce has recently increased by 0.85%, indicating that investor sentiment is decreasing.

3.3

Dividend Strength

Dividend Leadership
Heritage Commerce is a leading dividend payer. It pays a dividend yield of 6.21%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Heritage Commerce does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Heritage Commerce is 42.62%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Heritage Commerce will have a dividend payout ratio of 50.00% next year. This indicates that Heritage Commerce will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for HTBK.

3.7

News and Social Media Coverage

News Sentiment
Heritage Commerce has a news sentiment score of 1.64. 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 higher news sentiment than the 0.70 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Heritage Commerce this week, compared to 1 article on an average week.
Search Interest
Only 1 people have searched for HTBK on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
MarketBeat Follows
1 people have added Heritage Commerce to their MarketBeat watchlist in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Heritage Commerce insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 4.15% of the stock of Heritage Commerce is held by insiders.
Percentage Held by Institutions
72.80% of the stock of Heritage Commerce is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Heritage Commerce are expected to decrease by -3.70% in the coming year, from $1.08 to $1.04 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Heritage Commerce is 6.94, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 114.25.
Price to Earnings Ratio vs. Sector
The P/E ratio of Heritage Commerce is 6.94, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 69.98.
Price to Book Value per Share Ratio
Heritage Commerce has a P/B Ratio of 0.81. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

HTBK Stock News Headlines

September 27, 2023 | finance.yahoo.com

Do Heritage Commerce's (NASDAQ:HTBK) Earnings Warrant Your Attention?

August 31, 2023 | finance.yahoo.com

The past five years for Heritage Commerce (NASDAQ:HTBK) investors has not been profitable

September 30, 2023 | The Oxford Club (Ad)

Better Than Oil Stocks?

The best way to profit from energy is NOT a stock...Rather, it's this little-known alternative investment.

August 29, 2023 | finance.yahoo.com

Suzanne Crocker Joins Heritage Bank of Commerce as Senior Vice President, Marketing and Communications

August 10, 2023 | bizjournals.com

Heritage Bank of Commerce taps Bay Area bank for C-suite hire

August 4, 2023 | finance.yahoo.com

Heritage Commerce Corp (NASDAQ:HTBK) Passed Our Checks, And It's About To Pay A US$0.13 Dividend

July 31, 2023 | finance.yahoo.com

Heritage Bank of Commerce Hires Susan Just as Chief Credit Officer

July 28, 2023 | finance.yahoo.com

Heritage Commerce (HTBK) Q2 Earnings and Revenues Lag Estimates

September 30, 2023 | The Oxford Club (Ad)

Better Than Oil Stocks?

The best way to profit from energy is NOT a stock...Rather, it's this little-known alternative investment.

July 28, 2023 | finance.yahoo.com

Heritage Commerce (HTBK) Reports Q2 Earnings: What Key Metrics Have to Say

July 26, 2023 | finance.yahoo.com

Bay Commercial Bank (BCML) Surpasses Q2 Earnings Estimates

July 20, 2023 | finance.yahoo.com

Heritage Commerce (HTBK) to Report Q2 Results: Wall Street Expects Earnings Growth

June 27, 2023 | msn.com

Heritage Commerce: Significantly Oversold Following The U.S. Regional Bank Crisis

June 15, 2023 | msn.com

Heritage Commerce: Over 6% Dividend Yield But Risks Are Also Elevated

June 12, 2023 | finance.yahoo.com

Should You Watch Heritage Commerce (HTBK) for Solid Dividend?

June 9, 2023 | finance.yahoo.com

Heritage Commerce Corp (NASDAQ:HTBK) institutional owners may be pleased with recent gains after 18% loss over the past year

June 7, 2023 | benzinga.com

Heritage Commerce Corp Awarded the Eleventh Annual Raymond James Community Bankers Cup

June 3, 2023 | fool.com

Heritage Commerce (NASDAQ: HTBK)

May 5, 2023 | finance.yahoo.com

Is It Smart To Buy Heritage Commerce Corp (NASDAQ:HTBK) Before It Goes Ex-Dividend?

April 29, 2023 | msn.com

Heritage Commerce (HTBK) Declares $0.13 Dividend

April 28, 2023 | markets.businessinsider.com

Piper Sandler Reaffirms Their Buy Rating on Heritage Commerce (HTBK)

April 27, 2023 | finance.yahoo.com

Heritage Commerce Corp Earns $18.9 Million for the First Quarter of 2023; Total Deposits Stable

April 27, 2023 | finance.yahoo.com

Heritage Commerce (HTBK) Meets Q1 Earnings Estimates

April 7, 2023 | msn.com

Raymond James Maintains Heritage Commerce (HTBK) Outperform Recommendation

March 23, 2023 | finance.yahoo.com

Investors in Heritage Commerce (NASDAQ:HTBK) have unfortunately lost 34% over the last five years

March 22, 2023 | seekingalpha.com

Heritage Commerce: 5.7%-Yielding, Dividend Growth Bank At Bargain Basement Prices

February 24, 2023 | finance.yahoo.com

Here's Why We Think Heritage Commerce (NASDAQ:HTBK) Is Well Worth Watching

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: 9/30/2023
Next Earnings (Estimated): 10/26/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: State commercial banks
Sub-Industry: Regional Banks
Sector: Finance
Current Symbol: NASDAQ:HTBK
CUSIP: 42692710
CIK: 1053352
Web: www.heritagecommercecorp.com
Phone: (408) 947-6900
Fax: 408-947-6910
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: +41.7%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.22
Trailing P/E Ratio: 6.94
Forward P/E Ratio: 7.84
P/E Growth: N/A
Net Income: $66.56 million
Net Margins: 32.20%
Pretax Margin: 45.63%
Return on Equity: 11.67%
Return on Assets: 1.38%

Debt

Debt-to-Equity Ratio: 0.06
Current Ratio: 0.83
Quick Ratio: 0.83

Sales & Book Value

Annual Sales: $198.94 million
Price / Sales: 2.60
Cash Flow: $1.20 per share
Price / Cash Flow: 7.05
Book Value: $10.42 per share
Price / Book: 0.81

Miscellaneous

Outstanding Shares: 61,090,000
Free Float: 58,556,000
Market Cap: $517.43 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.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

HTBK Stock - Frequently Asked Questions

Should I buy or sell Heritage Commerce stock right now?: 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Heritage Commerce in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research 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 Wall Street research analysts have issued 12-month price objectives for Heritage Commerce's stock. Their HTBK share price forecasts range from $10.00 to $16.50. On average, they predict the company's share price to reach $12.00 in the next twelve months. This suggests a possible upside of 41.7% 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 start of the year. Since then, HTBK shares have decreased by 34.8% and is now trading at $8.47.
View the best growth stocks for 2023 here.
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) announced its quarterly earnings data on Thursday, July, 27th. The financial services provider reported $0.27 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. Shareholders of record on Thursday, August 10th will be paid a dividend of $0.13 per share on Thursday, August 24th. This represents a $0.52 annualized dividend and a dividend yield of 6.14%. The ex-dividend date of this dividend 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 6.21%. 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."
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 $8.47.
How much money does Heritage Commerce make?: Heritage Commerce (NASDAQ:HTBK) has a market capitalization of $517.43 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 9/30/2023 by MarketBeat.com Staff

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