NASDAQ:HTBK

Heritage Commerce Stock Forecast, Price & News

$11.95
+0.19 (+1.62 %)
(As of 06/16/2021 03:59 PM ET)
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Today's Range
$11.55
$12.03
50-Day Range
$11.38
$12.45
52-Week Range
$6.13
$12.65
Volume4,428 shs
Average Volume297,241 shs
Market Capitalization$718.23 million
P/E Ratio15.93
Dividend Yield4.49%
Beta1.24
30 days | 90 days | 365 days | Advanced Chart
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Heritage Commerce logo

About Heritage Commerce

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 nineteen 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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Industry, Sector and Symbol

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Miscellaneous


MarketRank

Overall MarketRank

1.79 out of 5 stars

Finance Sector

364th out of 1,977 stocks

State Commercial Banks Industry

62nd out of 311 stocks

Analyst Opinion: 1.3Community Rank: 2.2Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
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Heritage Commerce (NASDAQ:HTBK) Frequently Asked Questions

Is Heritage Commerce a buy right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Heritage Commerce in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Heritage Commerce stock.
View analyst ratings for Heritage Commerce
or view top-rated stocks.

What stocks does MarketBeat like better than Heritage Commerce?

Wall Street analysts have given Heritage Commerce a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Heritage Commerce wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Heritage Commerce's next earnings date?

Heritage Commerce is scheduled to release its next quarterly earnings announcement on Thursday, July 22nd 2021.
View our earnings forecast for Heritage Commerce
.

How were Heritage Commerce's earnings last quarter?

Heritage Commerce Corp (NASDAQ:HTBK) released its earnings results on Thursday, April, 22nd. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.18 by $0.01. The financial services provider earned $37.26 million during the quarter, compared to the consensus estimate of $37.99 million. Heritage Commerce had a trailing twelve-month return on equity of 7.76% and a net margin of 28.74%.
View Heritage Commerce's earnings history
.

How has Heritage Commerce's stock been impacted by Coronavirus?

Heritage Commerce's stock was trading at $8.26 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, HTBK stock has increased by 45.0% and is now trading at $11.98.
View which stocks have been most impacted by COVID-19
.

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

Heritage Commerce declared a quarterly dividend on Thursday, April 22nd. Shareholders of record on Thursday, May 13th will be paid a dividend of $0.13 per share on Thursday, May 27th. This represents a $0.52 annualized dividend and a dividend yield of 4.34%. The ex-dividend date is Wednesday, May 12th.
View Heritage Commerce's dividend history
.

Is Heritage Commerce a good dividend stock?

Heritage Commerce pays an annual dividend of $0.52 per share and currently has a dividend yield of 4.49%. HTBK has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Heritage Commerce does not yet have a strong track record of dividend growth. The dividend payout ratio of Heritage Commerce is 82.54%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Heritage Commerce will have a dividend payout ratio of 71.23% next year. This indicates that Heritage Commerce will be able to sustain or increase its dividend.
View Heritage Commerce's dividend history.

What price target have analysts set for HTBK?

3 Wall Street analysts have issued 1 year target prices for Heritage Commerce's stock. Their forecasts range from $8.00 to $13.00. On average, they anticipate Heritage Commerce's stock price to reach $10.17 in the next twelve months. This suggests that the stock has a possible downside of 15.1%.
View analysts' price targets for Heritage Commerce
or view top-rated stocks among Wall Street analysts.

Who are Heritage Commerce's key executives?

Heritage Commerce's management team includes the following people:
  • Mr. Walter T. Kaczmarek, Pres, CEO & Director (Age 69, Pay $53.29k)
  • Mr. Lawrence D. McGovern, Exec. VP & CFO (Age 66, Pay $554.16k)
  • Mr. Robertson Clay Jones, Exec. VP & Pres of Community Bus. Banking (Age 50, Pay $464.46k)
  • Mr. Michael V. Hansen, Sr. VP of Corp. Fin. Division
  • Mr. Jeffrey Javits, EVP & Chief Information Officer
  • Ms. Deborah K. Reuter, 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

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), 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 number of retail and institutional investors. Top institutional investors include Price T Rowe Associates Inc. MD (11.26%), BlackRock Inc. (9.45%), Dimensional Fund Advisors LP (4.53%), The Manufacturers Life Insurance Company (3.33%), Bank of New York Mellon Corp (3.12%) and Banc Funds Co. LLC (2.39%). Company insiders that own Heritage Commerce stock include Jack W Conner, Jason Philip Dinapoli, Keith Wilton, Michael Eugene Benito, Robert Moles and Steven L Hallgrimson.
View institutional ownership trends for Heritage Commerce
.

Which institutional investors are selling Heritage Commerce stock?

HTBK stock was sold by a variety of institutional investors in the last quarter, including Thrivent Financial for Lutherans, Renaissance Technologies LLC, Morgan Stanley, Man Group plc, Price T Rowe Associates Inc. MD, Assenagon Asset Management S.A., D. E. Shaw & Co. Inc., and The Manufacturers Life Insurance Company. Company insiders that have sold Heritage Commerce company stock in the last year include Michael Eugene Benito, and Robert Moles.
View insider buying and selling activity for Heritage Commerce
or view top insider-selling stocks.

Which institutional investors are buying Heritage Commerce stock?

HTBK stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Stieven Capital Advisors L.P., Banc Funds Co. LLC, Bank of New York Mellon Corp, JPMorgan Chase & Co., Geode Capital Management LLC, AQR Capital Management LLC, and BHZ Capital Management LP. 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
or or view top insider-buying stocks.

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 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 $11.98.

How much money does Heritage Commerce make?

Heritage Commerce has a market capitalization of $720.03 million and generates $160.39 million in revenue each year. The financial services provider earns $35.30 million in net income (profit) each year or $0.63 on an earnings per share basis.

How many employees does Heritage Commerce have?

Heritage Commerce employs 325 workers across the globe.

What is Heritage Commerce's official website?

The official website for Heritage Commerce is www.heritagecommercecorp.com.

Where are Heritage Commerce's headquarters?

Heritage Commerce is headquartered at 150 ALMADEN BOULEVARD, SAN JOSE CA, 95113.

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 6/16/2021 by MarketBeat.com Staff
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