Heritage Commerce Corp (NASDAQ:HTBK) declared a quarterly dividend on Friday, October 27th, Wall Street Journal reports. Shareholders of record on Tuesday, November 7th will be given a dividend of 0.10 per share by the financial services provider on Tuesday, November 21st. This represents a $0.40 annualized dividend and a yield of 2.70%. The ex-dividend date is Monday, November 6th.
Heritage Commerce Corp (HTBK) opened at $14.80 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 0.77. The stock has a market cap of $562.30, a PE ratio of 19.12, a price-to-earnings-growth ratio of 1.83 and a beta of 0.49. Heritage Commerce Corp has a one year low of $11.74 and a one year high of $15.55.
Heritage Commerce Corp (NASDAQ:HTBK) last posted its earnings results on Thursday, October 26th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.01. Heritage Commerce Corp had a net margin of 26.40% and a return on equity of 11.15%. The business had revenue of $28.78 million for the quarter, compared to analysts’ expectations of $28.70 million. equities research analysts forecast that Heritage Commerce Corp will post 0.8 earnings per share for the current fiscal year.
Several equities research analysts have recently commented on HTBK shares. Brean Capital set a $16.00 price target on shares of Heritage Commerce Corp and gave the company a “buy” rating in a research report on Monday, October 23rd. BidaskClub lowered shares of Heritage Commerce Corp from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Zacks Investment Research lowered shares of Heritage Commerce Corp from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Finally, ValuEngine lowered shares of Heritage Commerce Corp from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $16.00.
In other Heritage Commerce Corp news, Director Komas Julianne M. Biagini sold 3,650 shares of the stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $13.65, for a total transaction of $49,822.50. Following the completion of the sale, the director now directly owns 25,696 shares of the company’s stock, valued at approximately $350,750.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 5.69% of the company’s stock.
About Heritage Commerce Corp
Heritage Commerce Corp is a bank holding company. The Company, through its subsidiary Heritage Bank of Commerce (the Bank), provides a range of banking services. The Bank is a California state-chartered multi-community independent bank that offers a range of commercial banking services to small and medium-sized businesses and their owners, managers and employees.
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