NASDAQ:HTBK Heritage Commerce - HTBK Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Heritage Commerce Corp Please log in to your account or sign up in order to add this asset to your watchlist. $8.69 -0.62 (-6.66%) (As of 03/22/2023 12:00 AM ET) Add Compare Share Share Today's Range$8.69▼$9.3250-Day Range$8.28▼$13.2552-Week Range$8.17▼$14.87Volume329,144 shsAverage Volume325,730 shsMarket Capitalization$529.20 millionP/E Ratio7.97Dividend Yield5.98%Price Target$14.83 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Heritage Commerce MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside70.7% Upside$14.83 Price TargetShort InterestHealthy1.01% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment0.00Based on 2 Articles This WeekInsider TradingSelling Shares$356,990 Sold Last QuarterProj. Earnings Growth1.54%From $1.30 to $1.32 Per ShareSee Full Details Hide Full Details 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 starsFinance Sector252nd out of 876 stocksState Commercial Banks Industry68th out of 180 stocks 3.5 Analyst's Opinion Consensus RatingHeritage Commerce has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $14.83, Heritage Commerce has a forecasted upside of 70.7% from its current price of $8.69.Amount of Analyst CoverageHeritage Commerce has only been the subject of 1 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.01% of the float of Heritage Commerce has been sold short.Short Interest Ratio / Days to CoverHeritage Commerce has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Heritage Commerce has recently increased by 20.27%, indicating that investor sentiment is decreasing significantly. Previous Next 3.3 Dividend Strength Dividend LeadershipHeritage Commerce is a leading dividend payer. It pays a dividend yield of 6.05%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthHeritage Commerce does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Heritage Commerce is 47.71%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Heritage Commerce will have a dividend payout ratio of 39.39% next year. This indicates that Heritage Commerce will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for HTBK. Previous Next 0.0 News and Social Media Coverage News Coverage This WeekMarketBeat has tracked 2 news articles for Heritage Commerce this week, compared to 1 article on an average week.Search InterestOnly 12 people have searched for HTBK on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Heritage Commerce insiders have sold 424.01% more of their company's stock than they have bought. Specifically, they have bought $68,127.00 in company stock and sold $356,990.00 in company stock.Percentage Held by InsidersOnly 4.05% of the stock of Heritage Commerce is held by insiders.Percentage Held by Institutions73.08% of the stock of Heritage Commerce is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Heritage Commerce are expected to grow by 1.54% in the coming year, from $1.30 to $1.32 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Heritage Commerce is 7.97, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.05.Price to Earnings Ratio vs. SectorThe P/E ratio of Heritage Commerce is 7.97, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 144.38.Price to Book Value per Share RatioHeritage Commerce has a P/B Ratio of 0.83. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Heritage Commerce (NASDAQ:HTBK) StockHeritage 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.Read More Receive HTBK Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Heritage Commerce and its competitors with MarketBeat's FREE daily newsletter. Email Address HTBK Stock News HeadlinesMarch 22, 2023 | seekingalpha.comHeritage Commerce: 5.7%-Yielding, Dividend Growth Bank At Bargain Basement PricesMarch 21, 2023 | americanbankingnews.comReviewing Heritage Commerce (NASDAQ:HTBK) and Penns Woods Bancorp (NASDAQ:PWOD)March 22, 2023 | Behind the Markets (Ad)BREAKING: Tiny biotech successfully treats blindnessThere's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.February 24, 2023 | finance.yahoo.comHere's Why We Think Heritage Commerce (NASDAQ:HTBK) Is Well Worth WatchingFebruary 3, 2023 | msn.comTuesday Is Your Last Chance To Buy Heritage Commerce Before The Dividend PayoutJanuary 30, 2023 | markets.businessinsider.comRaymond James Keeps Their Buy Rating on Heritage Commerce (HTBK)January 28, 2023 | finance.yahoo.comHeritage Commerce Full Year 2022 Earnings: In Line With ExpectationsJanuary 26, 2023 | finance.yahoo.comHeritage Commerce (HTBK) Surpasses Q4 Earnings and Revenue EstimatesMarch 22, 2023 | Behind the Markets (Ad)BREAKING: Tiny biotech successfully treats blindnessThere's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.January 26, 2023 | finance.yahoo.comHeritage Commerce Corp Earns Record $20.8 Million for the Fourth Quarter of 2022, and Record $66.6 Million for Full Year 2022January 26, 2023 | msn.comHeritage Commerce GAAP EPS of $0.34 in-line, revenue of $54.51M misses by $0.07MJanuary 18, 2023 | reuters.comHTBK.PH - | Stock Price & Latest News | ReutersDecember 12, 2022 | finance.yahoo.comWith 74% ownership of the shares, Heritage Commerce Corp (NASDAQ:HTBK) is heavily dominated by institutional ownersDecember 9, 2022 | seekingalpha.comHeritage Commerce: Outlook On Net Interest Income Remains PositiveNovember 4, 2022 | finance.yahoo.comHeritage Commerce (HTBK) Is Up 10.73% in One Week: What You Should KnowNovember 1, 2022 | finance.yahoo.comHeritage Commerce (NASDAQ:HTBK) Has Affirmed Its Dividend Of $0.13October 30, 2022 | seekingalpha.comHTBK Heritage Commerce CorpOctober 27, 2022 | finance.yahoo.comHeritage Commerce Corp Earns $18.1 Million for the Third Quarter of 2022, and $45.8 Million for the First Nine Months of 2022October 27, 2022 | finance.yahoo.comHeritage Commerce (HTBK) Q3 Earnings and Revenues Beat EstimatesOctober 14, 2022 | finance.yahoo.com3 Breakout Stocks to Keep an Eye on for Solid ReturnsOctober 13, 2022 | finance.yahoo.comInvestors in Heritage Commerce (NASDAQ:HTBK) have made a return of 3.5% over the past five yearsAugust 28, 2022 | nasdaq.comHave Heritage Commerce Corp (NASDAQ:HTBK) Insiders Been Selling Their Stock?August 8, 2022 | nasdaq.comHeritage Commerce Corp (NASDAQ:HTBK) Stock Goes Ex-Dividend In Just Three DaysAugust 8, 2022 | nasdaq.comCash Dividend On The Way From Heritage CommerceAugust 2, 2022 | finance.yahoo.comHeritage Commerce (NASDAQ:HTBK) Is Due To Pay A Dividend Of $0.13July 28, 2022 | benzinga.comHeritage Commerce Corp Earns $14.8 Million for the Second Quarter of 2022, and $27.7 Million for the First Six Months of 2022July 28, 2022 | finance.yahoo.comRobertson “Clay” Jones Named President and Chief Executive Officer of Heritage Commerce CorpSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive HTBK Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Heritage Commerce and its competitors with MarketBeat's FREE daily newsletter. Email Address HTBK Company Calendar Last Earnings10/28/2021Ex-Dividend for 2/23 Dividend2/08/2023Dividend Payable2/23/2023Today3/22/2023Next Earnings (Estimated)4/27/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry State commercial banks Sub-IndustryRegional Banks SectorFinance Current SymbolNASDAQ:HTBK CUSIP42692710 CIK1053352 Webwww.heritagecommercecorp.com Phone(408) 947-6900Fax408-947-6910Employees325Year Founded1994Price Target and Rating Average Stock Price Forecast$14.83 High Stock Price Forecast$16.50 Low Stock Price Forecast$13.00 Forecasted Upside/Downside+62.5%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$1.09 Trailing P/E Ratio8.38 Forward P/E Ratio7.02 P/E GrowthN/ANet Income$66.56 million Net Margins33.46% Pretax Margin47.44% Return on Equity10.86% Return on Assets1.25% Debt Debt-to-Equity Ratio0.06 Current Ratio0.75 Quick Ratio0.75 Sales & Book Value Annual Sales$198.94 million Price / Sales2.79 Cash Flow$1.18 per share Price / Cash Flow7.72 Book Value$10.42 per share Price / Book0.88Miscellaneous Outstanding Shares60,900,000Free Float58,432,000Market Cap$556.02 million OptionableOptionable Beta0.97 Social Links Key ExecutivesRobertson Clay JonesPresident, Chief Executive Officer & DirectorLawrence D. McGovernChief Financial Officer & Executive Vice PresidentDebbie ReuterSecretary, Chief Risk Officer & Executive VPRobert P. GionfriddoExecutive VP & Director-Business DevelopmentMargo G. ButschChief Credit Officer & Executive Vice PresidentKey CompetitorsCentral Pacific FinancialNYSE:CPFCapital City Bank GroupNASDAQ:CCBGHorizon BancorpNASDAQ:HBNCMercantile BankNASDAQ:MBWMFarmers National BancNASDAQ:FMNBView All CompetitorsInsiders & InstitutionsJason Philip DinapoliBought 3,660 shares on 3/6/2023Total: $43,627.20 ($11.92/share)Robert MolesSold 9,000 sharesTotal: $107,190.00 ($11.91/share)Kamran F HusainBought 2,000 shares on 2/22/2023Total: $24,500.00 ($12.25/share)Truist Financial CorpSold 916 shares on 2/17/2023Ownership: 0.044%Alliancebernstein L.P.Sold 423,510 shares on 2/16/2023Ownership: 0.422%View All Insider TransactionsView All Institutional Transactions HTBK Stock - Frequently Asked Questions Should I buy or sell Heritage Commerce stock right now? 1 Wall Street research 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 research 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 1-year price targets for Heritage Commerce's stock. Their HTBK share price forecasts range from $13.00 to $16.50. On average, they anticipate the company's stock price to reach $14.83 in the next year. This suggests a possible upside of 62.5% 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 on January 1st, 2023. Since then, HTBK shares have decreased by 29.8% and is now trading at $9.13. View the best growth stocks for 2023 here. Are investors shorting Heritage Commerce? Heritage Commerce saw a increase in short interest in February. As of February 28th, there was short interest totaling 590,400 shares, an increase of 20.3% from the February 13th total of 490,900 shares. Based on an average daily volume of 221,400 shares, the short-interest ratio is presently 2.7 days. Approximately 1.0% of the shares of the stock are short sold. View Heritage Commerce's Short Interest. When is Heritage Commerce's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 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, October, 28th. The financial services provider reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.02. The financial services provider had revenue of $40.59 million for the quarter, compared to analysts' expectations of $39.58 million. Heritage Commerce had a trailing twelve-month return on equity of 10.86% and a net margin of 33.46%. How often does Heritage Commerce pay dividends? What is the dividend yield for Heritage Commerce? Heritage Commerce declared 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 5.70%. The ex-dividend date is Wednesday, February 8th. 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 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 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 5.67%. 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. 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 many different retail and institutional investors. Top institutional shareholders 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. 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 $9.13. How much money does Heritage Commerce make? Heritage Commerce (NASDAQ:HTBK) has a market capitalization of $556.02 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. 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 3/22/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. 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