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NASDAQ:HTBK

Heritage Commerce - HTBK Stock Forecast, Price & News

$11.83
-0.60 (-4.83%)
(As of 01/27/2023 12:22 PM ET)
Add
Compare
Today's Range
$11.78
$12.45
50-Day Range
$12.38
$14.61
52-Week Range
$10.42
$14.87
Volume
64,531 shs
Average Volume
149,441 shs
Market Capitalization
$718.31 million
P/E Ratio
12.07
Dividend Yield
4.18%
Price Target
$14.83

Heritage Commerce MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
22.5% Upside
$14.83 Price Target
Short Interest
Healthy
1.18% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.06mentions of Heritage Commerce in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$328,275 Sold Last Quarter
Proj. Earnings Growth
28.44%
From $1.09 to $1.40 Per Share

Overall MarketRank

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

3.14 out of 5 stars

Finance Sector

30th out of 900 stocks

State Commercial Banks Industry

4th out of 191 stocks


HTBK stock logo

About Heritage Commerce (NASDAQ:HTBK) Stock

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. Its deposit products for business banking and retail markets include interest and non-interest bearing demand, savings, and money market accounts, as well as certificates of deposit and time deposits. The company's loan portfolio comprises 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; small business administration loans; home equity lines of credit; multifamily loans on residential properties; residential mortgage loans; and consumer loans consisting of loans for financing automobiles, various consumer goods, and other personal purposes. In addition, it offers other banking services, including cashier's checks, bank by mail, 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 operates through 17 full-service branch offices located in the general San Francisco Bay Area of California. Heritage Commerce Corp was founded in 1994 and is headquartered in San Jose, California.

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HTBK Stock News Headlines

"We need batteries. Literally everywhere."
Pretty much every technological megatrend today requires batteries. That includes EVs... 5G... AI... charging stations... and smart energy storage systems. Find out why the U.S. just added graphite to a list of super-critical minerals, calling it "essential for America's National Defense."
HTBK.PH - | Stock Price & Latest News | Reuters
"We need batteries. Literally everywhere."
Pretty much every technological megatrend today requires batteries. That includes EVs... 5G... AI... charging stations... and smart energy storage systems. Find out why the U.S. just added graphite to a list of super-critical minerals, calling it "essential for America's National Defense."
HTBK Heritage Commerce Corp
3 Breakout Stocks to Keep an Eye on for Solid Returns
Heritage Bank of Commerce names Clay Jones CEO
See More Headlines
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HTBK Company Calendar

Last Earnings
10/28/2021
Ex-Dividend for 11/22 Dividend
11/07/2022
Dividend Payable
11/22/2022
Today
1/27/2023
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
$14.83
High Stock Price Forecast
$16.50
Low Stock Price Forecast
$13.00
Forecasted Upside/Downside
+25.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$47.70 million
Pretax Margin
45.82%

Debt

Sales & Book Value

Annual Sales
$162.94 million
Cash Flow
$0.90 per share
Book Value
$9.92 per share

Miscellaneous

Free Float
58,260,000
Market Cap
$718.31 million
Optionable
Optionable
Beta
1.01

Social Links


Key Executives

  • Mr. Robertson Jones (Age 52)
    Pres, CEO & Director
    Comp: $589.02k
  • Mr. Walter T. Kaczmarek (Age 71)
    Director
    Comp: $1.28M
  • Mr. Lawrence D. McGovern (Age 68)
    Exec. VP & CFO
    Comp: $638.7k
  • Mr. Michael V. Hansen
    Sr. VP of Corp. Fin. Division
  • Mr. Jeffrey Javits
    EVP & Chief Information Officer
  • Ms. Deborah K. Reuter (Age 69)
    Exec. VP, Chief Risk Officer & Corp. Sec.
  • Diana Olveira
    VP and Marketing Director
  • Ms. May K. Y. Wong
    Exec. VP & Controller
  • Mr. Jeffrey Perkins
    Sr. VP & Central Coast Regional Mang.
  • Ms. Teresa L. Powell
    Exec. VP of HOA & Deposit Services













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 target prices for Heritage Commerce's stock. Their HTBK share price forecasts range from $13.00 to $16.50. On average, they predict the company's share price to reach $14.83 in the next year. This suggests a possible upside of 19.3% 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 the year. Since then, HTBK stock has decreased by 4.4% and is now trading at $12.43.
View the best growth stocks for 2023 here
.

Are investors shorting Heritage Commerce?

Heritage Commerce saw a decrease in short interest in the month of January. As of January 15th, there was short interest totaling 684,600 shares, a decrease of 10.7% from the December 31st total of 766,700 shares. Based on an average daily volume of 196,000 shares, the days-to-cover ratio is currently 3.5 days. Currently, 1.2% of the shares of the company are sold short.
View Heritage Commerce's Short Interest
.

How were Heritage Commerce's earnings last quarter?

Heritage Commerce Corp (NASDAQ:HTBK) released its quarterly earnings data on Thursday, October, 28th. The financial services provider reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.02. The financial services provider earned $40.59 million during the quarter, compared to the consensus estimate of $39.58 million. Heritage Commerce had a trailing twelve-month return on equity of 9.89% and a net margin of 32.50%.

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

Heritage Commerce announced a quarterly dividend on Thursday, October 27th. Investors of record on Tuesday, November 8th will be paid a dividend of $0.13 per share on Tuesday, November 22nd. This represents a $0.52 annualized dividend and a dividend yield of 4.18%. The ex-dividend date of this dividend is Monday, November 7th.
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 4.14%. HTBK has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 53.06%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HTBK will have a dividend payout ratio of 37.14% 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 AJ Wealth Strategies LLC (0.16%) and Assenagon Asset Management S.A. (0.02%). Insiders that own company stock include Jack W Conner, Jason Philip Dinapoli, Keith Wilton, Lawrence D Mcgovern, Michael Eugene Benito, Robert Moles, Stephen G Heitel, Steven L Hallgrimson 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 $12.43.

How much money does Heritage Commerce make?

Heritage Commerce (NASDAQ:HTBK) has a market capitalization of $754.74 million and generates $162.94 million in revenue each year. The financial services provider earns $47.70 million in net income (profit) each year or $0.98 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 or via fax at 408-947-6910.

This page (NASDAQ:HTBK) was last updated on 1/27/2023 by MarketBeat.com Staff