News coverage about Heritage Commerce Corp (NASDAQ:HTBK) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Heritage Commerce Corp earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 46.1284777468869 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of Heritage Commerce Corp (NASDAQ HTBK) opened at $14.72 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $561.16, a PE ratio of 19.08, a P/E/G ratio of 1.83 and a beta of 0.49. Heritage Commerce Corp has a 52-week low of $11.67 and a 52-week high of $15.55.
Heritage Commerce Corp (NASDAQ:HTBK) last issued its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. The firm had revenue of $28.78 million during the quarter, compared to the consensus estimate 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 earnings per share 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 annualized dividend and a yield of 2.72%. The ex-dividend date is Monday, November 6th. Heritage Commerce Corp’s dividend payout ratio is currently 51.95%.
HTBK has been the subject of a number of recent analyst reports. BidaskClub downgraded Heritage Commerce Corp from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 22nd. Zacks Investment Research downgraded Heritage Commerce Corp from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. Brean Capital set a $16.00 price objective on Heritage Commerce Corp and gave the stock a “buy” rating in a research report on Monday, October 23rd. Finally, ValuEngine downgraded Heritage Commerce Corp from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $16.00.
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In other Heritage Commerce Corp news, Director Komas Julianne M. Biagini sold 3,650 shares of Heritage Commerce Corp stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $13.65, for a total value of $49,822.50. Following the completion of the transaction, the director now directly owns 25,696 shares of the company’s stock, valued at approximately $350,750.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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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