Heritage Commerce (HTBK) to Release Earnings on Thursday

Heritage Commerce (NASDAQ:HTBK) is expected to release its earnings data before the market opens on Thursday, January 23rd. Analysts expect Heritage Commerce to post earnings of $0.17 per share and revenue of $41,510.00 billion for the quarter.

Heritage Commerce (NASDAQ:HTBK) last announced its earnings results on Thursday, October 24th. The financial services provider reported $0.17 earnings per share for the quarter, meeting the consensus estimate of $0.17. Heritage Commerce had a net margin of 17.61% and a return on equity of 6.37%. The business had revenue of $63.68 million for the quarter, compared to the consensus estimate of $43.14 million. On average, analysts expect Heritage Commerce to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Heritage Commerce Price Performance

HTBK stock opened at $9.22 on Tuesday. The stock has a market cap of $565.19 million, a PE ratio of 12.99 and a beta of 0.96. Heritage Commerce has a 12 month low of $7.66 and a 12 month high of $11.27. The company has a 50-day moving average price of $9.95 and a 200 day moving average price of $9.87. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.06.

Heritage Commerce Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th were paid a dividend of $0.13 per share. The ex-dividend date was Thursday, November 7th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.64%. Heritage Commerce’s dividend payout ratio is 73.24%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Heritage Commerce from a “sell” rating to a “hold” rating in a research report on Wednesday, December 4th.

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.