Heritage Commerce Corp (HTBK)
| Market Cap | 618.46M |
| Revenue (ttm) | 174.59M |
| Net Income (ttm) | 48.52M |
| Shares Out | 61.29M |
| EPS (ttm) | 0.79 |
| PE Ratio | 12.77 |
| Forward PE | 14.69 |
| Dividend | $0.52 (5.16%) |
| Ex-Dividend Date | Aug 8, 2024 |
| Volume | 374,684 |
| Open | 10.07 |
| Previous Close | 10.07 |
| Day's Range | 9.94 - 10.35 |
| 52-Week Range | 7.66 - 10.99 |
| Beta | 0.92 |
| Analysts | Buy |
| Price Target | 11.50 (+13.97%) |
| Earnings Date | Oct 24, 2024 |
About HTBK
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. The company’s loan portfolio comprises commercial loans, such as operating secured and unsecured loans advanced for working capi... [Read more]
Financial Performance
In 2023, Heritage Commerce's revenue was $191.47 million, an increase of 1.19% compared to the previous year's $189.23 million. Earnings were $64.44 million, a decrease of -3.17%.
Financial StatementsAnalyst Forecast
According to 3 analysts, the average rating for HTBK stock is "Buy." The 12-month stock price forecast is $11.5, which is an increase of 13.97% from the latest price.
News
Ranson W. Webster to Retire from Heritage Commerce Corp Board of Directors and Julianne M. Biagini-Komas to be named Vice Chair of Board
SAN JOSE, Calif., Aug. 15, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ: HTBK) (the "Company"), the parent company of Heritage Bank of Commerce (the "Bank"), today announced the retirement ...
Heritage Commerce Corp Announces $15 Million Share Repurchase
SAN JOSE, Calif., July 25, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ: HTBK) (the "Company") the holding company of Heritage Bank of Commerce (the "Bank") today announced that its Board o...
Heritage Commerce Corp Declares Regular Quarterly Cash Dividend of $0.13 Per Share
SAN JOSE, Calif., July 25, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (Nasdaq: HTBK), the holding company for Heritage Bank of Commerce (the “Bank”), today announced that its Board of Directors h...
Heritage Commerce Corp Reports Increased Average Loans and Average Deposits and Enhanced Credit Quality
SAN JOSE, Calif., July 25, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (Nasdaq: HTBK), (the “Company”), the holding company for Heritage Bank of Commerce (the “Bank”), today announced that its sec...
KBRA Affirms Ratings for Heritage Commerce Corp
SAN JOSE, Calif., May 21, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ: HTBK) (the "Company"), parent company of Heritage Bank of Commerce (the "Bank"), announced today that Kroll Bond Rati...
Heritage Commerce Corp Awarded the Twelfth Annual Raymond James Community Bankers Cup
SAN JOSE, Calif., May 20, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ: HTBK) (the "Company"), parent company of Heritage Bank of Commerce (the "Bank"), has been awarded the 2023 Raymond Ja...
Heritage Bank of Commerce Named One of Forbes 2024 World's Best Banks
SAN JOSE, Calif., May 07, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ: HTBK) (the "Company") announced that Heritage Bank of Commerce (the "Bank") has been named one of Forbes 2024 World's...
Heritage Bank of Commerce Hires Chris Edmonds-Waters as Chief People and Culture Officer
SAN JOSE, Calif., May 06, 2024 (GLOBE NEWSWIRE) -- Heritage Bank of Commerce (the “Bank”), a subsidiary of Heritage Commerce Corp (Nasdaq: HTBK), today announced the appointment of Chris Edmonds-Water...
Heritage Commerce Corp Declares Regular Quarterly Cash Dividend of $0.13 Per Share; Heritage Bank of Commerce Celebrates its 30ᵗʰ Anniversary
SAN JOSE, Calif., April 25, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (Nasdaq: HTBK), the holding company for Heritage Bank of Commerce (the “Bank”), today announced that its Board of Directors ...
Heritage Commerce Corp Earns $10.2 Million for the First Quarter of 2024 and Grows Client Deposits by 2%
SAN JOSE, Calif., April 25, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (Nasdaq: HTBK), (the “Company”), the holding company for Heritage Bank of Commerce (the “Bank”), today announced that its fi...
Heritage Bank of Commerce Ranked 25th on S&P Global Market Intelligence List of Top 50 Best-Performing Community Banks
SAN JOSE, Calif., April 03, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ: HTBK) (the "Company") announced that Heritage Bank of Commerce (the "Bank") has been ranked 25th on S&P Global Mark...
Heritage Commerce Corp Declares Regular Quarterly Cash Dividend of $0.13 Per Share; Heritage Bank of Commerce Celebrates its 30th Anniversary
SAN JOSE, Calif., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (Nasdaq: HTBK), the holding company for Heritage Bank of Commerce (the “Bank”), today announced that its Board of Directors h...
Heritage Commerce Corp Earns $13.3 Million for the Fourth Quarter of 2023, and $64.4 Million for the Full Year 2023
SAN JOSE, Calif., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (Nasdaq: HTBK), (the “Company”), the holding company for Heritage Bank of Commerce (the “Bank”), today announced that its fou...
Heritage Commerce Corp Earns $15.8 Million for the Third Quarter of 2023, and $51.1 Million for the First Nine Months of 2023; Supported by Continued Deposit Growth and Strong Credit Quality
SAN JOSE, Calif., Oct. 26, 2023 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (Nasdaq: HTBK), (the “Company”), the holding company for Heritage Bank of Commerce (the “Bank”), today announced that its thi...
Heritage Bank of Commerce Promotes Kimberly Bohn to Homeowners Association Specialty Banking Division President
SAN JOSE, Calif., Oct. 24, 2023 (GLOBE NEWSWIRE) -- Heritage Bank of Commerce (the “Bank” or “HBC”), a subsidiary of Heritage Commerce Corp (Nasdaq: HTBK), today announced the promotion of Kimberly Bo...
Suzanne Crocker Joins Heritage Bank of Commerce as Senior Vice President, Marketing and Communications
SAN JOSE, Calif., Aug. 29, 2023 (GLOBE NEWSWIRE) -- Heritage Bank of Commerce (the “Bank” or “HBC”), a subsidiary of Heritage Commerce Corp (Nasdaq: HTBK), today announced the appointment of Suzanne C...
Heritage Bank of Commerce Hires Susan Just as Chief Credit Officer
SAN JOSE, Calif., July 31, 2023 (GLOBE NEWSWIRE) -- Heritage Bank of Commerce (the “Bank”), a subsidiary of Heritage Commerce Corp (Nasdaq: HTBK), today announced the appointment of Susan Just as Exec...
Heritage Commerce Corp Earns $16.4 Million for the Second Quarter of 2023, and $35.3 Million for the First Six Months of 2023; Continued Deposit Growth
SAN JOSE, Calif., July 27, 2023 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (Nasdaq: HTBK), the holding company (the “Company”) for Heritage Bank of Commerce (the “Bank”), today announced second quarte...
Heritage Commerce: Significantly Oversold Following The U.S. Regional Bank Crisis
Heritage Commerce remains oversold compared to its peers due to the US regional banking crisis, making it a potential long-term value recovery play. Despite the downturn in HTBK's stock, the bank has ...
Heritage Commerce Corp announces retirement of Margo Butsch, Executive Vice President and Chief Credit Officer
SAN JOSE, Calif., June 15, 2023 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ: HTBK) (the "Company"), parent of Heritage Bank of Commerce (the "Bank"), today announced that Margo Butsch will be r...
Heritage Commerce Corp Awarded the Eleventh Annual Raymond James Community Bankers Cup
SAN JOSE, Calif., June 07, 2023 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ: HTBK) (the "Company"), parent of Heritage Bank of Commerce (the "Bank"), has been awarded the 2022 Raymond James Com...
These banks have high exposure to loans secured by office properties — here's how their stocks have performed
Investors are right to be worried about declining values for office buildings. We appear to be at the start of a long transition for many cities, after the COVID-19 pandemic made clear that for many t...
Heritage Commerce Corp Earns $18.9 Million for the First Quarter of 2023; Total Deposits Stable
SAN JOSE, Calif., April 27, 2023 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (Nasdaq: HTBK), the holding company (the “Company”) for Heritage Bank of Commerce (the “Bank”), today announced first quarte...
Heritage Commerce: 5.7%-Yielding, Dividend Growth Bank At Bargain Basement Prices
The market is awash in hubbub over the collapse of Silicon Valley Bank and Signature Bank, as well as the teetering First Republic Bank that has recently gotten a deposit bailout package from the larg...
Heritage Commerce Corp Earns Record $20.8 Million for the Fourth Quarter of 2022, and Record $66.6 Million for Full Year 2022
SAN JOSE, Calif., Jan. 26, 2023 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (Nasdaq: HTBK), the holding company (the “Company”) for Heritage Bank of Commerce (the “Bank”), today announced fourth quarte...