S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Divisive? Not for moviegoers. ‘Civil War’ declares victory at box office.
Stock market today: Global markets are mixed as Middle East tensions escalate
Native American-led nonprofit says it bought 40 acres in the Black Hills of South Dakota
Tax Day reveals a major split in how Joe Biden and Donald Trump would govern
Biden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas
The IRS is quicker to answer the phone on this Tax Day
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Divisive? Not for moviegoers. ‘Civil War’ declares victory at box office.
Stock market today: Global markets are mixed as Middle East tensions escalate
Native American-led nonprofit says it bought 40 acres in the Black Hills of South Dakota
Tax Day reveals a major split in how Joe Biden and Donald Trump would govern
Biden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas
The IRS is quicker to answer the phone on this Tax Day
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Divisive? Not for moviegoers. ‘Civil War’ declares victory at box office.
Stock market today: Global markets are mixed as Middle East tensions escalate
Native American-led nonprofit says it bought 40 acres in the Black Hills of South Dakota
Tax Day reveals a major split in how Joe Biden and Donald Trump would govern
Biden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas
The IRS is quicker to answer the phone on this Tax Day
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Divisive? Not for moviegoers. ‘Civil War’ declares victory at box office.
Stock market today: Global markets are mixed as Middle East tensions escalate
Native American-led nonprofit says it bought 40 acres in the Black Hills of South Dakota
Tax Day reveals a major split in how Joe Biden and Donald Trump would govern
Biden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas
The IRS is quicker to answer the phone on this Tax Day
NASDAQ:HTBK

Heritage Commerce (HTBK) Stock Price, News & Analysis

$7.91
-0.01 (-0.13%)
(As of 04/12/2024 08:51 PM ET)
Today's Range
$7.84
$7.92
50-Day Range
$7.90
$8.60
52-Week Range
$6.69
$10.22
Volume
245,700 shs
Average Volume
399,859 shs
Market Capitalization
$484.49 million
P/E Ratio
7.46
Dividend Yield
6.57%
Price Target
$10.75

Heritage Commerce MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
35.9% Upside
$10.75 Price Target
Short Interest
Healthy
1.22% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.80mentions of Heritage Commerce in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$61,940 Sold Last Quarter
Proj. Earnings Growth
9.88%
From $0.81 to $0.89 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.80 out of 5 stars

Finance Sector

87th out of 843 stocks

State Commercial Banks Industry

29th out of 173 stocks

HTBK stock logo

About Heritage Commerce Stock (NASDAQ:HTBK)

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. Heritage Commerce Corp was founded in 1994 and is headquartered in San Jose, California.

HTBK Stock Price History

HTBK Stock News Headlines

Heritage Commerce (NASDAQ:HTBK) Upgraded at StockNews.com
The next wave of AI domination is emerging. The most explosive gains could come from these 4 stocks
2024 could be a challenging year. AI will continue creating profit opportunities (in some surprising new ways), but global conflict, divisive politics and not-yet-tamed inflation could bring uncertainty.
Heritage Commerce Corp.
Heritage Commerce: Reliable Progress and Investor Expectations
HTBK Sep 2024 10.000 call
The next wave of AI domination is emerging. The most explosive gains could come from these 4 stocks
2024 could be a challenging year. AI will continue creating profit opportunities (in some surprising new ways), but global conflict, divisive politics and not-yet-tamed inflation could bring uncertainty.
New Strong Sell Stocks for February 6th
Deep Dive Into Heritage Commerce Stock: Analyst Perspectives (4 Ratings)
KBW Sticks to Its Buy Rating for Heritage Commerce (HTBK)
Heritage Commerce Corp HTBK
Heritage Commerce's (NASDAQ:HTBK) Dividend Will Be $0.13
See More Headlines
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Company Calendar

Last Earnings
1/25/2024
Ex-Dividend for 2/22 Dividend
2/07/2024
Dividend Payable
2/22/2024
Today
4/14/2024
Next Earnings (Estimated)
4/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
Regional Banks
Current Symbol
NASDAQ:HTBK
CUSIP
42692710
Employees
349
Year Founded
1994

Price Target and Rating

Average Stock Price Target
$10.75
High Stock Price Target
$11.00
Low Stock Price Target
$10.00
Potential Upside/Downside
+35.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
4 Analysts

Profitability

Net Income
$64.44 million
Pretax Margin
37.16%

Debt

Sales & Book Value

Annual Sales
$192.22 million
Cash Flow
$1.06 per share
Book Value
$11.02 per share

Miscellaneous

Free Float
58,630,000
Market Cap
$483.85 million
Optionable
Optionable
Beta
0.90

Social Links

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Key Executives

  • Mr. Robertson Jones (Age 53)
    President, CEO & Director
    Comp: $708.02k
  • Mr. Lawrence D. McGovern (Age 69)
    Executive VP & CFO
    Comp: $625.16k
  • Ms. Deborah K. Reuter (Age 69)
    Executive VP, Chief Risk Officer & Corporate Secretary
    Comp: $503.13k
  • Ms. Janice Y. Coonley SPHR (Age 48)
    Executive VP and Chief People & Diversity Officer of Heritage Bank of Commerce
    Comp: $437.63k
  • Mr. Michael V. Hansen
    Senior Vice President of Corporate Finance Division
  • Mr. Sachin Vaidya
    Executive VP & Chief Information Officer
  • Ms. Suzanne Crocker
    Senior Vice President of Marketing & Communications
  • Ms. May K. Y. Wong
    Executive VP & Controller
  • Mr. Jeffrey Perkins
    Senior VP & Central Coast Regional Manager
  • Glen E. Shu
    Executive VP & President of Specialty Finance Group

HTBK Stock Analysis - Frequently Asked Questions

Should I buy or sell Heritage Commerce stock right now?

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

What is Heritage Commerce's stock price target for 2024?

4 brokers have issued 1 year price targets for Heritage Commerce's stock. Their HTBK share price targets range from $10.00 to $11.00. On average, they predict the company's share price to reach $10.75 in the next year. This suggests a possible upside of 35.9% 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 2024?

Heritage Commerce's stock was trading at $9.92 at the beginning of the year. Since then, HTBK stock has decreased by 20.3% and is now trading at $7.91.
View the best growth stocks for 2024 here
.

Are investors shorting Heritage Commerce?

Heritage Commerce saw a drop in short interest in March. As of March 31st, there was short interest totaling 718,900 shares, a drop of 19.5% from the March 15th total of 892,900 shares. Based on an average daily trading volume, of 399,100 shares, the short-interest ratio is presently 1.8 days. Approximately 1.2% 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 25th 2024.
View our HTBK earnings forecast
.

How were Heritage Commerce's earnings last quarter?

Heritage Commerce Corp (NASDAQ:HTBK) issued its earnings results on Thursday, January, 25th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by $0.02. The financial services provider earned $44.24 million during the quarter, compared to analyst estimates of $46.38 million. Heritage Commerce had a net margin of 26.49% and a trailing twelve-month return on equity of 9.78%.

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

Heritage Commerce declared a quarterly dividend on Thursday, January 25th. Shareholders of record on Thursday, February 8th will be paid a dividend of $0.13 per share on Thursday, February 22nd. This represents a $0.52 annualized dividend and a yield of 6.57%. The ex-dividend date is Wednesday, February 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 6.57%. HTBK has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 49.06%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HTBK will have a dividend payout ratio of 58.43% next year. This indicates that the company will be able to sustain or increase its dividend.
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 Roundhill Acquirers Deep Value ETF (DEEP).First Trust Dow Jones Select MicroCap Index Fund (FDM).

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).

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:HTBK) was last updated on 4/15/2024 by MarketBeat.com Staff

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