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NASDAQ:HTBKHeritage Commerce Stock Price, Forecast & News

+0.07 (+0.95 %)
(As of 08/14/2020 04:00 PM ET)
Today's Range
Now: $7.42
50-Day Range
MA: $6.99
52-Week Range
Now: $7.42
Volume83,820 shs
Average Volume267,689 shs
Market Capitalization$443.25 million
P/E Ratio13.02
Dividend Yield7.07%
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. The company also provides various loan products comprising 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; home equity lines of credit; consumer loans consisting of loans for financing automobiles, various consumer goods, and other personal purposes; and small business administration loans. In addition, it offers other banking services, including cashier's checks, bank-by-mail, ATMs, 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. The company provides its banking products and services through 14 full service branch offices in the southern and eastern regions of the general San Francisco Bay Area of California in the counties of Santa Clara, Alameda, Contra Costa, and San Benito. Heritage Commerce Corp was founded in 1997 and is based in San Jose, California.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.2Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.34 out of 5 stars

Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
Current SymbolNASDAQ:HTBK



Sales & Book Value

Annual Sales$152.90 million
Cash Flow$1.03 per share
Book Value$9.74 per share


Net Income$40.46 million


Market Cap$443.25 million
Next Earnings Date10/22/2020 (Estimated)
+0.07 (+0.95 %)
(As of 08/14/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Heritage Commerce (NASDAQ:HTBK) Frequently Asked Questions

How has Heritage Commerce's stock price been impacted by COVID-19 (Coronavirus)?

Heritage Commerce's stock was trading at $8.26 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, HTBK stock has decreased by 10.2% and is now trading at $7.42.
View which stocks have been most impacted by COVID-19

Do Wall Street analysts recommend investors buy shares of Heritage Commerce?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Heritage Commerce in the last year. There are currently 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Heritage Commerce

When is Heritage Commerce's next earnings date?

Heritage Commerce is scheduled to release its next quarterly earnings announcement on Thursday, October 22nd 2020.
View our earnings forecast for Heritage Commerce

How were Heritage Commerce's earnings last quarter?

Heritage Commerce Corp. (NASDAQ:HTBK) issued its quarterly earnings results on Thursday, July, 23rd. The financial services provider reported $0.18 EPS for the quarter, beating the Zacks' consensus estimate of $0.12 by $0.06. The financial services provider had revenue of $37.02 million for the quarter, compared to the consensus estimate of $38.46 million. Heritage Commerce had a net margin of 17.94% and a return on equity of 8.15%.
View Heritage Commerce's earnings history

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

Heritage Commerce announced a quarterly dividend on Thursday, July 23rd. Stockholders of record on Thursday, August 6th will be given a dividend of $0.13 per share on Thursday, August 20th. This represents a $0.52 dividend on an annualized basis and a yield of 7.01%. The ex-dividend date is Wednesday, August 5th.
View Heritage Commerce's dividend history

What price target have analysts set for HTBK?

5 brokerages have issued 1 year price objectives for Heritage Commerce's stock. Their forecasts range from $9.00 to $15.00. On average, they anticipate Heritage Commerce's stock price to reach $10.75 in the next year. This suggests a possible upside of 44.9% from the stock's current price.
View analysts' price targets for Heritage Commerce

Has Heritage Commerce been receiving favorable news coverage?

Media coverage about HTBK stock has been trending negative on Saturday, InfoTrie Sentiment reports. The research firm identifies negative and positive media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Heritage Commerce earned a daily sentiment score of -2.7 on InfoTrie's scale. They also assigned news stories about the financial services provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the next several days.
View the latest news about Heritage Commerce

Are investors shorting Heritage Commerce?

Heritage Commerce saw a increase in short interest in April. As of April 30th, there was short interest totaling 854,100 shares, an increase of 15.3% from the April 15th total of 740,600 shares. Based on an average daily trading volume, of 291,500 shares, the days-to-cover ratio is presently 2.9 days.
View Heritage Commerce's Short Interest

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 AT&T (T), Verizon Communications (VZ), AbbVie (ABBV), Enterprise Products Partners (EPD), Marathon Petroleum (MPC), Pfizer (PFE), Exxon Mobil (XOM), Automatic Data Processing (ADP), Cisco Systems (CSCO) and Alphabet (GOOG).

Who are Heritage Commerce's key executives?

Heritage Commerce's management team includes the following 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

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 number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (4.89%), Thrivent Financial for Lutherans (4.03%), Bank of New York Mellon Corp (2.18%), Tiedemann Advisors LLC (1.02%), BHZ Capital Management LP (0.63%) and Russell Investments Group Ltd. (0.57%). Company insiders that own Heritage Commerce stock include Jack W Conner, Jason Philip Dinapoli, Keith Wilton, Michael Eugene Benito, Robert Moles, Steven L Hallgrimson and Walter Theodore Kaczmarek.
View institutional ownership trends for Heritage Commerce

Which major investors are selling Heritage Commerce stock?

HTBK stock was sold by a variety of institutional investors in the last quarter, including BHZ Capital Management LP, Siena Capital Partners GP LLC, Bingham Osborn & Scarborough LLC, WINTON GROUP Ltd, Ziegler Capital Management LLC, Tiedemann Advisors LLC, Mendon Capital Advisors Corp, and Janney Montgomery Scott LLC. Company insiders that have sold Heritage Commerce company stock in the last year include Keith Wilton, and Michael Eugene Benito.
View insider buying and selling activity for Heritage Commerce

Which major investors are buying Heritage Commerce stock?

HTBK stock was acquired by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Russell Investments Group Ltd., Banc Funds Co. LLC, Bank of New York Mellon Corp, Vanguard Group Inc., Man Group plc, Bank of America Corp DE, and North Star Investment Management Corp.. Company insiders that have bought Heritage Commerce stock in the last two years include Jack W Conner, Jason Philip Dinapoli, and Steven L Hallgrimson.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Heritage Commerce's stock price today?

One share of HTBK stock can currently be purchased for approximately $7.42.

How big of a company is Heritage Commerce?

Heritage Commerce has a market capitalization of $443.25 million and generates $152.90 million in revenue each year. The financial services provider earns $40.46 million in net income (profit) each year or $1.07 on an earnings per share basis. Heritage Commerce employs 309 workers across the globe.

What is Heritage Commerce's official website?

The official website for Heritage Commerce is 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.

This page was last updated on 8/15/2020 by MarketBeat.com Staff

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