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S&P 500   4,282.37
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MarketBeat Week in Review – 5/29 - 6/2
15 A.I. Trading Opportunities a Day (Ad)
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
15 A.I. Trading Opportunities a Day (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Las Vegas ballpark pitch revives debate over public funding for sports stadiums
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
Twitter executive responsible for content safety resigns after Elon Musk criticism
Slow start to New York's legal pot market leaves farmers holding the bag
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
MarketBeat Week in Review – 5/29 - 6/2
15 A.I. Trading Opportunities a Day (Ad)
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
15 A.I. Trading Opportunities a Day (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Las Vegas ballpark pitch revives debate over public funding for sports stadiums
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
Twitter executive responsible for content safety resigns after Elon Musk criticism
Slow start to New York's legal pot market leaves farmers holding the bag
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
MarketBeat Week in Review – 5/29 - 6/2
15 A.I. Trading Opportunities a Day (Ad)
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
15 A.I. Trading Opportunities a Day (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Las Vegas ballpark pitch revives debate over public funding for sports stadiums
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
Twitter executive responsible for content safety resigns after Elon Musk criticism
Slow start to New York's legal pot market leaves farmers holding the bag
NASDAQ:HTBK

Heritage Commerce (HTBK) Stock Forecast, Price & News

$8.06
+0.55 (+7.32%)
(As of 06/2/2023 ET)
Compare
Today's Range
$7.65
$8.11
50-Day Range
$6.84
$8.69
52-Week Range
$6.69
$14.87
Volume
341,231 shs
Average Volume
368,292 shs
Market Capitalization
$491.42 million
P/E Ratio
6.77
Dividend Yield
6.45%
Price Target
$12.17

Heritage Commerce MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
51.0% Upside
$12.17 Price Target
Short Interest
Healthy
1.06% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.08mentions of Heritage Commerce in the last 14 days
Based on 3 Articles This Week
Insider Trading
Acquiring Shares
$156,577 Bought Last Quarter
Proj. Earnings Growth
-2.52%
From $1.19 to $1.16 Per Share

Overall MarketRank

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

3.08 out of 5 stars

Finance Sector

58th out of 873 stocks

State Commercial Banks Industry

18th out of 181 stocks


HTBK stock logo

About Heritage Commerce (NASDAQ:HTBK) Stock

Heritage Commerce Corp. is a holding company, which engages in the provision of banking. It operates through the Banking and Factoring segments. The Banking segment includes the holding company's results of operations. The Factoring segment focuses on factoring originated by Bay View Funding. The company was founded in 1997 and is headquartered in San Jose, CA.

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HTBK Stock News Headlines

Heritage Commerce (NASDAQ: HTBK)
Laser breakthrough could send stock soaring 2,467%
Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...
Laser breakthrough could send stock soaring 2,467%
Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...
Piper Sandler Reaffirms Their Buy Rating on Heritage Commerce (HTBK)
Heritage Commerce (HTBK) Meets Q1 Earnings Estimates
Raymond James Keeps Their Buy Rating on Heritage Commerce (HTBK)
HTBK.PH - | Stock Price & Latest News | Reuters
See More Headlines

HTBK Price History

HTBK Company Calendar

Last Earnings
10/28/2021
Ex-Dividend for 5/25 Dividend
5/10/2023
Dividend Payable
5/25/2023
Today
6/03/2023
Next Earnings (Estimated)
7/27/2023
Fiscal Year End
12/31/2023

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
$12.17
High Stock Price Forecast
$16.50
Low Stock Price Forecast
$10.00
Forecasted Upside/Downside
+51.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$66.56 million
Pretax Margin
47.75%

Debt

Sales & Book Value

Annual Sales
$198.94 million
Cash Flow
$1.28 per share
Book Value
$10.61 per share

Miscellaneous

Free Float
58,440,000
Market Cap
$491.42 million
Optionable
Optionable
Beta
0.94

Social Links


Key Executives

  • Robertson Clay Jones
    President, Chief Executive Officer & Director
  • Lawrence D. McGovern
    Chief Financial Officer & Executive Vice President
  • Debbie Reuter
    Secretary, Chief Risk Officer & Executive VP
  • Robert P. Gionfriddo
    Executive VP & Director-Business Development
  • Margo G. Butsch
    Chief Credit Officer & Executive Vice President













HTBK Stock - Frequently Asked Questions

Should I buy or sell Heritage Commerce stock right now?

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

What is Heritage Commerce's stock price forecast for 2023?

1 brokerages have issued twelve-month target prices for Heritage Commerce's stock. Their HTBK share price forecasts range from $10.00 to $16.50. On average, they expect the company's share price to reach $12.17 in the next year. This suggests a possible upside of 51.0% 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 beginning of 2023. Since then, HTBK shares have decreased by 38.0% and is now trading at $8.06.
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, July 27th 2023.
View our HTBK earnings forecast
.

How were Heritage Commerce's earnings last quarter?

Heritage Commerce Corp (NASDAQ:HTBK) posted its earnings results on Thursday, October, 28th. The financial services provider reported $0.23 EPS 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 the consensus estimate of $39.58 million. Heritage Commerce had a trailing twelve-month return on equity of 11.63% and a net margin of 33.67%.

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

Heritage Commerce declared a quarterly dividend on Thursday, April 27th. Stockholders of record on Thursday, May 11th will be paid a dividend of $0.13 per share on Thursday, May 25th. This represents a $0.52 annualized dividend and a dividend yield of 6.45%. The ex-dividend date of this dividend is Wednesday, May 10th.
Read our dividend analysis for HTBK
.

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 6.92%. HTBK has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 43.70%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HTBK will have a dividend payout ratio of 44.83% 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."

Who are Heritage Commerce's major shareholders?

Heritage Commerce's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.32%), Dimensional Fund Advisors LP (5.23%), State Street Corp (2.88%), Bank of New York Mellon Corp (2.61%), JPMorgan Chase & Co. (2.10%) and Granite Investment Partners LLC (2.01%). Insiders that own company stock include Jack W Conner, Jason Philip Dinapoli, Kamran F Husain, Lawrence D Mcgovern, Michael Eugene Benito, Robert Moles, Stephen G Heitel and Walter Theodore Kaczmarek.
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 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 $8.06.

How much money does Heritage Commerce make?

Heritage Commerce (NASDAQ:HTBK) has a market capitalization of $491.42 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 $1.19 on an earnings per share basis.

How many employees does Heritage Commerce have?

The company employs 325 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 6/4/2023 by MarketBeat.com Staff

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