Heritage Commerce (HTBK) Projected to Post Earnings on Thursday

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

Heritage Commerce (NASDAQ:HTBK) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.17 earnings per share for the quarter, meeting analysts’ consensus estimates 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 analyst estimates 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

Shares of HTBK opened at $9.17 on Thursday. Heritage Commerce has a twelve month low of $7.66 and a twelve month high of $11.27. The firm’s fifty day simple moving average is $10.07 and its 200-day simple moving average is $9.85. The firm has a market capitalization of $562.15 million, a price-to-earnings ratio of 12.92 and a beta of 0.96. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th were issued a $0.13 dividend. The ex-dividend date was Thursday, November 7th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.67%. Heritage Commerce’s payout ratio is 73.24%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of 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.