Media headlines about Heritage Commerce Corp (NASDAQ:HTBK) have been trending somewhat positive on Saturday, according to Accern. Accern rates the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Heritage Commerce Corp earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 46.192173660372 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
HTBK has been the topic of a number of recent analyst reports. Brean Capital reiterated a “buy” rating on shares of Heritage Commerce Corp in a report on Monday, October 30th. Zacks Investment Research raised Heritage Commerce Corp from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research report on Wednesday, September 27th. ValuEngine lowered Heritage Commerce Corp from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Finally, BidaskClub lowered Heritage Commerce Corp from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $16.00.
Shares of Heritage Commerce Corp (NASDAQ HTBK) traded up $0.15 during midday trading on Friday, reaching $15.28. The company’s stock had a trading volume of 77,070 shares, compared to its average volume of 82,820. The stock has a market capitalization of $583.68, a price-to-earnings ratio of 19.22, a price-to-earnings-growth ratio of 1.84 and a beta of 0.49. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 0.14. Heritage Commerce Corp has a 52 week low of $11.75 and a 52 week high of $15.55.
Heritage Commerce Corp (NASDAQ:HTBK) last announced its earnings results on Thursday, October 26th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.01. The company had revenue of $28.78 million for the quarter, compared to analyst estimates of $28.70 million. Heritage Commerce Corp had a return on equity of 11.15% and a net margin of 26.40%. analysts predict that Heritage Commerce Corp will post 0.8 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 21st. Shareholders of record on Tuesday, November 7th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend is Monday, November 6th. Heritage Commerce Corp’s payout ratio is 51.95%.
In other news, Director Komas Julianne M. Biagini sold 3,650 shares of the company’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $13.65, for a total transaction of $49,822.50. Following the sale, the director now owns 25,696 shares of the company’s stock, valued at $350,750.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.69% of the stock is owned by insiders.
Heritage Commerce Corp Company Profile
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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