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NASDAQ:HTBKHeritage Commerce Stock Price, Forecast & News

$9.26
+0.46 (+5.23 %)
(As of 06/5/2020 04:00 PM ET)
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Today's Range
$9.19
Now: $9.26
$9.63
50-Day Range
$6.83
MA: $7.87
$9.36
52-Week Range
$6.04
Now: $9.26
$13.14
Volume523,337 shs
Average Volume180,229 shs
Market Capitalization$553.19 million
P/E Ratio14.25
Dividend Yield5.91%
Beta1.12
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: 2.5Community Rank: 2.3Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.33 out of 5 stars


Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:HTBK
CUSIP42692710
Phone408-947-6900

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$152.90 million
Cash Flow$1.05 per share
Book Value$9.74 per share

Profitability

Net Income$40.46 million

Miscellaneous

Employees309
Market Cap$553.19 million
Next Earnings Date7/23/2020 (Estimated)
OptionableOptionable

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Heritage Commerce (NASDAQ:HTBK) Frequently Asked Questions

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

Heritage Commerce's stock was trading at $8.26 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, HTBK stock has increased by 12.1% and is now trading at $9.26. View which stocks have been most impacted by Coronavirus.

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

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Heritage Commerce in the last year. There are currently 4 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, July 23rd 2020. View our earnings forecast for Heritage Commerce.

How were Heritage Commerce's earnings last quarter?

Heritage Commerce Corp. (NASDAQ:HTBK) announced its earnings results on Thursday, April, 23rd. The financial services provider reported $0.03 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.18 by $0.15. The financial services provider had revenue of $41.77 million for the quarter, compared to analyst estimates of $39.72 million. Heritage Commerce had a net margin of 18.73% and a return on equity of 8.94%. 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, April 23rd. Shareholders of record on Thursday, May 7th will be paid a dividend of $0.13 per share on Thursday, May 21st. This represents a $0.52 annualized dividend and a dividend yield of 5.62%. The ex-dividend date of this dividend is Wednesday, May 6th. View Heritage Commerce's dividend history.

What price target have analysts set for HTBK?

4 brokerages have issued 1-year price objectives for Heritage Commerce's shares. Their forecasts range from $9.00 to $15.00. On average, they expect Heritage Commerce's stock price to reach $11.33 in the next twelve months. This suggests a possible upside of 22.4% from the stock's current price. View analysts' price targets for Heritage Commerce.

Has Heritage Commerce been receiving favorable news coverage?

Headlines about HTBK stock have been trending extremely negative this week, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Heritage Commerce earned a news sentiment score of -5.0 on InfoTrie's scale. They also assigned media headlines about the financial services provider a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock's share price in the near term. View the latest news aboutHeritage Commerce.

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 Marathon Petroleum (MPC), Verizon Communications (VZ), AbbVie (ABBV), Automatic Data Processing (ADP), Alibaba Group (BABA), Alphabet (GOOG), AT&T (T), Intel (INTC), Johnson & Johnson (JNJ) and Pfizer (PFE).

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 variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.46%), Wellington Management Group LLP (4.19%), Thrivent Financial for Lutherans (4.01%), The Manufacturers Life Insurance Company (3.52%), State Street Corp (2.07%) and Bank of New York Mellon Corp (1.94%). Company insiders that own Heritage Commerce stock include Jack W Conner, Jason Philip Dinapoli, Keith Wilton, 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 Deutsche Bank AG, Wellington Management Group LLP, Two Sigma Investments LP, SG Americas Securities LLC, Wells Fargo & Company MN, The Manufacturers Life Insurance Company , Alliancebernstein L.P., and UBS Group AG. 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 Morgan Stanley, Morgan Stanley, Bank of New York Mellon Corp, BlackRock Inc., PL Capital Advisors LLC, Ziegler Capital Management LLC, State Street Corp, and Geode Capital Management LLC. 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 $9.26.

How big of a company is Heritage Commerce?

Heritage Commerce has a market capitalization of $553.19 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 6/7/2020 by MarketBeat.com Staff

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