NASDAQ:HTBK - Heritage Commerce Stock Price, News, & Analysis

$12.26
+0.18 (+1.49 %)
(As of 06/18/2019 02:37 PM ET)
Today's Range
$12.22
Now: $12.26
$12.34
50-Day Range
$11.82
MA: $12.20
$12.66
52-Week Range
$10.84
Now: $12.26
$17.75
Volume3,778 shs
Average Volume169,808 shs
Market Capitalization$531.10 million
P/E Ratio11.55
Dividend Yield3.90%
Beta0.86
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. It offers a range of deposit products for business banking and retail markets, including interest and non-interest bearing demand, savings accounts, certificate of deposit, money market accounts, and time deposits. Read More…

Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:HTBK
CUSIP42692710
Phone408-947-6900

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$139.42 million
Cash Flow$1.2043 per share
Book Value$8.49 per share

Profitability

Net Income$35.33 million

Miscellaneous

Employees309
Market Cap$531.10 million
Next Earnings Date7/25/2019 (Estimated)
OptionableOptionable

Receive HTBK News and Ratings via Email

Sign-up to receive the latest news and ratings for HTBK and its competitors with MarketBeat's FREE daily newsletter.

Heritage Commerce (NASDAQ:HTBK) Frequently Asked Questions

What is Heritage Commerce's stock symbol?

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

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

Heritage Commerce announced a quarterly dividend on Friday, April 26th. Investors of record on Thursday, May 9th will be given a dividend of $0.12 per share on Thursday, May 23rd. This represents a $0.48 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date is Wednesday, May 8th. View Heritage Commerce's Dividend History.

How were Heritage Commerce's earnings last quarter?

Heritage Commerce Corp. (NASDAQ:HTBK) announced its quarterly earnings results on Thursday, April, 25th. The financial services provider reported $0.28 EPS for the quarter, topping the consensus estimate of $0.28 by $0.00. The financial services provider earned $33.51 million during the quarter, compared to the consensus estimate of $35.23 million. Heritage Commerce had a net margin of 26.62% and a return on equity of 13.01%. View Heritage Commerce's Earnings History.

When is Heritage Commerce's next earnings date?

Heritage Commerce is scheduled to release their next quarterly earnings announcement on Thursday, July 25th 2019. View Earnings Estimates for Heritage Commerce.

What price target have analysts set for HTBK?

2 brokerages have issued 12 month target prices for Heritage Commerce's stock. Their forecasts range from $16.00 to $19.00. On average, they anticipate Heritage Commerce's stock price to reach $17.50 in the next twelve months. This suggests a possible upside of 42.7% from the stock's current price. View Analyst Price Targets for Heritage Commerce.

What is the consensus analysts' recommendation for Heritage Commerce?

2 Wall Street 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, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Heritage Commerce.

What are Wall Street analysts saying about Heritage Commerce stock?

Here are some recent quotes from research analysts about Heritage Commerce stock:
  • 1. According to Zacks Investment Research, "Heritage Commerce Corp. is the holding company of Heritage Bank of Commerce, Heritage Bank East Bay, Heritage Bank South Valley and Bank of Los Altos. The company offers a range of loans, primarily commercial, including real estate, construction, Small Business Administration), inventory and accounts receivable, and equipment loans. The company also accepts checking, savings, and time deposits; NOW and money market deposit accounts; and provides travelers' checks, safe deposit, and other customary non-deposit banking services. " (5/30/2019)
  • 2. Brean Capital analysts commented, "We calculate operating EPS of $0.13, which compares to our estimate of $0.16 and included the impact of the previously announced specific reserve of $6.1M. Q2 was a noisy one, with the closing of two acquisitions, the aforementioned specific reserve and another individual credit issue which cost a penny. In addition, our expense estimate was also too optimistic, as systems conversion for the two deals occurred later in the quarter, resulting in no material cost savings being realized. While quarterly comparisons are difficult, we are encouraged by the company’s 10% annualized legacy loan growth and core NIM expansion of 9 bps. We expect Q3 should present a cleaner view into the company’s attractive earnings power, which, combined with balance sheet flexibility, a high-quality commercial customer base and enhanced scarcity value, is deserving of a premium valuation, in our view." (7/27/2018)

Has Heritage Commerce been receiving favorable news coverage?

News stories about HTBK stock have been trending neutral on Tuesday, InfoTrie Sentiment reports. The research firm rates the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Heritage Commerce earned a media sentiment score of 0.1 on InfoTrie's scale. They also gave media headlines about the financial services provider a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the next few days. View News Stories for Heritage Commerce.

Who are some of Heritage Commerce's key competitors?

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 Alphabet (GOOG), Alibaba Group (BABA), Automatic Data Processing (ADP), salesforce.com (CRM), Cognizant Technology Solutions (CTSH), Cypress Semiconductor (CY), Denny's (DENN), JetBlue Airways (JBLU), Lam Research (LRCX) and Netflix (NFLX).

Who are Heritage Commerce's key executives?

Heritage Commerce's management team includes the folowing people:
  • Mr. Walter T. Kaczmarek, Pres, CEO & Director (Age 67)
  • Mr. Keith A. Wilton, Exec. VP, COO & Director (Age 61)
  • Mr. Lawrence D. McGovern, Exec. VP & CFO (Age 64)
  • Mr. Michael V. Hansen, Sr. VP of Corp. Fin. Division
  • Larry G. St. Regis, Exec. VP & CTO

Who are Heritage Commerce's major shareholders?

Heritage Commerce's stock is owned by many different of retail and institutional investors. Top institutional investors include The Manufacturers Life Insurance Company (4.54%), Westwood Holdings Group Inc. (2.49%), Kennedy Capital Management Inc. (1.80%), Assenagon Asset Management S.A. (0.59%), JCSD Capital LLC (0.49%) and Marshall Wace LLP (0.40%). Company insiders that own Heritage Commerce stock include J Philip Dinapoli, Jack W Conner, Jason Philip Dinapoli, Keith Wilton, Komas Julianne M Biagini, Michael Eugene Benito, Robert Moles, Steven L Hallgrimson and Walter Theodore Kaczmarek. View Institutional Ownership Trends for Heritage Commerce.

Which institutional investors are selling Heritage Commerce stock?

HTBK stock was sold by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Kennedy Capital Management Inc., Fort Point Capital Partners LLC, Martingale Asset Management L P, The Manufacturers Life Insurance Company, TD Asset Management Inc. and Zurcher Kantonalbank Zurich Cantonalbank. Company insiders that have sold Heritage Commerce company stock in the last year include Keith Wilton, Robert Moles and Walter Theodore Kaczmarek. View Insider Buying and Selling for Heritage Commerce.

Which institutional investors are buying Heritage Commerce stock?

HTBK stock was acquired by a variety of institutional investors in the last quarter, including Westwood Holdings Group Inc., Granite Investment Partners LLC, Alps Advisors Inc., Rhumbline Advisers, Victory Capital Management Inc., BBT Capital Management LLC, Context BH Capital Management LP and Los Angeles Capital Management & Equity Research Inc.. Company insiders that have bought Heritage Commerce stock in the last two years include J Philip Dinapoli, Jack W Conner, Jason Philip Dinapoli and Steven L Hallgrimson. View Insider Buying and Selling for Heritage Commerce.

How do I buy shares of Heritage Commerce?

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

What is Heritage Commerce's stock price today?

One share of HTBK stock can currently be purchased for approximately $12.26.

How big of a company is Heritage Commerce?

Heritage Commerce has a market capitalization of $531.10 million and generates $139.42 million in revenue each year. The financial services provider earns $35.33 million in net income (profit) each year or $1.06 on an earnings per share basis. Heritage Commerce employs 309 workers across the globe.View Additional Information About Heritage Commerce.

What is Heritage Commerce's official website?

The official website for Heritage Commerce is http://www.heritagecommercecorp.com/.

How can I contact Heritage Commerce?

Heritage Commerce's mailing address is 150 ALMADEN BOULEVARD, SAN JOSE CA, 95113. The financial services provider can be reached via phone at 408-947-6900.


MarketBeat Community Rating for Heritage Commerce (NASDAQ HTBK)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  228 (Vote Outperform)
Underperform Votes:  280 (Vote Underperform)
Total Votes:  508
MarketBeat's community ratings are surveys of what our community members think about Heritage Commerce and other stocks. Vote "Outperform" if you believe HTBK will outperform the S&P 500 over the long term. Vote "Underperform" if you believe HTBK will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 6/18/2019 by MarketBeat.com Staff

Featured Article: What Are Cryptocurrencies?

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel