Heritage Commerce - HTBK Stock Forecast, Price & News

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

1 Wall Street research analysts have issued twelve-month price targets for Heritage Commerce's shares. Their HTBK share price forecasts range from $13.00 to $16.50. On average, they expect the company's share price to reach $14.83 in the next twelve months. This suggests a possible upside of 72.3% from the stock's current price.
View analysts price targets for HTBK or view top-rated stocks among Wall Street analysts.

Heritage Commerce's stock was trading at $13.00 on January 1st, 2023. Since then, HTBK shares have decreased by 33.8% and is now trading at $8.61.
View the best growth stocks for 2023 here.

Heritage Commerce saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 711,400 shares, an increase of 20.5% from the February 28th total of 590,400 shares. Based on an average daily trading volume, of 307,200 shares, the days-to-cover ratio is presently 2.3 days. Currently, 1.2% of the shares of the stock are sold short.
View Heritage Commerce's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our HTBK earnings forecast.

Heritage Commerce Corp (NASDAQ:HTBK) released its earnings results on Thursday, October, 28th. The financial services provider reported $0.23 earnings per share for the quarter, beating 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 10.86% and a net margin of 33.46%.

Heritage Commerce announced a quarterly dividend on Thursday, January 26th. Stockholders of record on Thursday, February 9th will be paid a dividend of $0.13 per share on Thursday, February 23rd. This represents a $0.52 annualized dividend and a dividend yield of 6.04%. The ex-dividend date of this dividend is Wednesday, February 8th.
Read our dividend analysis for HTBK.

ETFs with the largest weight of Heritage Commerce (NASDAQ:HTBK) stock in their portfolio include First Trust Dow Jones Select Microcap Index Fund (FDM), First Trust NASDAQ ABA Community Bank Index Fund (QABA), Hartford Multifactor Small Cap ETF (ROSC), IQ Chaikin U.S. Small Cap ETF (CSML), iShares Micro-Cap ETF (IWC) and SPDR S&P Regional Banking ETF (KRE).Direxion Daily Regional Banks Bull 3x Shares (DPST) and

Heritage Commerce (NASDAQ:HTBK) pays an annual dividend of $0.52 per share and currently has a dividend yield of 5.93%. HTBK has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 47.71%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HTBK will have a dividend payout ratio of 39.39% 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 many different institutional and retail investors. Top institutional investors include T. Rowe Price Investment Management Inc. (9.26%), Dimensional Fund Advisors LP (4.96%), FJ Capital Management LLC (4.62%), The Manufacturers Life Insurance Company (2.92%), Granite Investment Partners LLC (2.60%) and JPMorgan Chase & Co. (2.03%). Insiders that own company stock include Jack W Conner, Jason Philip Dinapoli, Kamran F Husain, Keith Wilton, 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 $8.61.

Heritage Commerce (NASDAQ:HTBK) has a market capitalization of $524.35 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 $1.09 on an earnings per share basis.

The company employs 325 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.