Heritage Commerce Corp (HTBK)

NASDAQ: HTBK · IEX Real-Time Price · USD
12.25
+0.17 (1.41%)
Aug 15, 2022 4:00 PM EDT - Market closed
1.41%
Market Cap 743.19M
Revenue (ttm) 168.04M
Net Income (ttm) 55.37M
Shares Out 60.67M
EPS (ttm) 0.91
PE Ratio 13.46
Forward PE 11.30
Dividend $0.52 (4.24%)
Ex-Dividend Date Aug 10, 2022
Volume 190,396
Open 12.10
Previous Close 12.08
Day's Range 12.04 - 12.31
52-Week Range 10.42 - 12.94
Beta 1.00
Analysts Buy
Price Target 14.03 (+14.5%)
Earnings Date Jul 28, 2022

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...]

Industry Banks
IPO Date Jul 30, 1998
CEO Keith Wilton
Employees 332
Stock Exchange NASDAQ
Ticker Symbol HTBK
Full Company Profile

Financial Performance

In 2021, HTBK's revenue was $158.95 million, an increase of 14.70% compared to the previous year's $138.58 million. Earnings were $47.70 million, an increase of 35.13%.

Financial Statements

Analyst Forecast

According to 12 analysts, the average rating for HTBK stock is "Buy." The 12-month stock price forecast is 14.03, which is an increase of 14.53% from the latest price.

Price Target
$14.03
(14.53% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Heritage Commerce (HTBK) Q2 Earnings Match Estimates

Heritage Commerce (HTBK) delivered earnings and revenue surprises of 0% and 3.20%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Heritage Commerce Corp Declares Regular Quarterly Cash Dividend of $0.13 Per Share

SAN JOSE, Calif., July 28, 2022 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (Nasdaq: HTBK), the holding company for Heritage Bank of Commerce, today announced that its Board of Directors declared its reg...

Heritage Commerce Corp Earns $14.8 Million for the Second Quarter of 2022, and $27.7 Million for the First Six Months...

SAN JOSE, Calif., July 28, 2022 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (Nasdaq: HTBK), the holding company (the “Company”) for Heritage Bank of Commerce (the “Bank”), today announced second quarter ...

Robertson “Clay” Jones Named President and Chief Executive Officer of Heritage Commerce Corp

SAN JOSE, Calif., July 28, 2022 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (Nasdaq: HTBK), the holding company (the “Company') for Heritage Bank of Commerce (the “Bank” or “HBC”), today announced that W...

Heritage Bank of Commerce Opens New Banking Office in Oakland

Expands footprint with 18th location in Bay Area Expands footprint with 18th location in Bay Area

How Much Upside is Left in Heritage Commerce (HTBK)? Wall Street Analysts Think 27%

The average of price targets set by Wall Street analysts indicates a potential upside of 27% in Heritage Commerce (HTBK). While the effectiveness of this highly sought-after metric is questionable, the ...

Heritage Bank of Commerce Hires Jan Coonley as Chief People and Diversity Officer

Talented Industry Veteran Brings Extensive Human Resources Experience Talented Industry Veteran Brings Extensive Human Resources Experience

Best Income Stocks to Buy for June 23rd

HTBK, DELL, and R made it to the Zacks Rank #1 (Strong Buy) income stocks list on June 23, 2022.

Other symbols: DELLR

Best Income Stocks to Buy for June 14th

SBLK, DSX, and HTBK made it to the Zacks Rank #1 (Strong Buy) income stocks list on June 14, 2022.

Other symbols: DSXSBLK

What Makes Heritage Commerce (HTBK) a New Strong Buy Stock

Heritage Commerce (HTBK) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Heritage Bank of Commerce Achieves Top Industry Award

SAN JOSE, Calif., June 08, 2022 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (Nasdaq: HTBK), today announced that its subsidiary, Heritage Bank of Commerce, was rated a “Super Premier Performing Bank” by ...

Best Income Stocks to Buy for May 23rd

DVN, HTBK, and PSEC made it to the Zacks Rank #1 (Strong Buy) income stocks list on May 23, 2022.

Other symbols: DVNPSEC

Heritage Commerce Corp Announces Completion of Subordinated Notes Offering

SAN JOSE, Calif., May 11, 2022 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ: HTBK) the holding company (the “Company”), for Heritage Bank of Commerce, announced today the completion of its private...

Heritage Commerce Corp Earns $12.9 Million for the First Quarter of 2022

SAN JOSE, Calif., April 28, 2022 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (Nasdaq: HTBK), the holding company (the “Company”) for Heritage Bank of Commerce (the “Bank”), today announced first quarter ...

Michael Benito, Executive Vice President, Retires from Heritage Bank of Commerce; Dustin Warford Promoted to EVP, Com...

SAN JOSE, Calif., April 13, 2022 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (Nasdaq: HTBK), the holding company (the “Company”) for Heritage Bank of Commerce (the “Bank”), announced the retirement of Ex...

Best Income Stocks to Buy for April 5th

OFS, HTBK, and FNF made it to the Zacks Rank #1 (Strong Buy) income stocks list on April 5, 2022.

Other symbols: FNFOFS

Bay View Funding Appoints Norman Brame to Senior Vice President, Regional Sales Manager

SAN JOSE, Calif., March 15, 2022 (GLOBE NEWSWIRE) -- Bay View Funding, a subsidiary of Heritage Bank of Commerce, (“the Bank”), announces the appointment of Norman Brame as Senior Vice President, Region...

Aaron Zahedani Returns to Bay View Funding as EVP, Credit & Portfolio Manager, in San Jose, CA

SAN JOSE, Calif., Feb. 17, 2022 (GLOBE NEWSWIRE) -- Bay View Funding, a subsidiary of Heritage Bank of Commerce, the Bank, and Heritage Commerce Corp (Nasdaq: HTBK), the holding company, today announced...

Heritage Commerce (HTBK) Beats Q4 Earnings and Revenue Estimates

Heritage Commerce (HTBK) delivered earnings and revenue surprises of 4.55% and 1.07%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Heritage Commerce Corp Earns a Record $14.0 Million for the Fourth Quarter of 2021, and a Record $47.7 Million for 2021

SAN JOSE, Calif., Jan. 27, 2022 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (Nasdaq: HTBK), the holding company (the “Company”) for Heritage Bank of Commerce (the “Bank”), today announced fourth quarter ...

Heritage Commerce (HTBK) Earnings Expected to Grow: What to Know Ahead of Q4 Release

Heritage Commerce (HTBK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Clay Jones Promoted to President and Chief Operating Officer of Heritage Bank of Commerce

SAN JOSE, Calif., Dec. 13, 2021 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (Nasdaq: HTBK), the holding company (the “Company”) of Heritage Bank of Commerce (the “Bank”), today announced that the Board o...

Kamran Husain Appointed to Heritage Commerce Corp Board of Directors

SAN JOSE, Calif., Dec. 13, 2021 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (Nasdaq: HTBK), the holding company (the “Company”) for Heritage Bank of Commerce (the “Bank”), today announced the appointment...

Heritage Bank of Commerce Hires David Casassa as SVP, Relationship Manager for San Rafael Region

Strengthens Commitment to Growth in the San Francisco Bay Area by Tapping Experienced Regional Banker Strengthens Commitment to Growth in the San Francisco Bay Area by Tapping Experienced Regional Banker

Heritage Commerce (HTBK) Q3 Earnings and Revenues Top Estimates

Heritage Commerce (HTBK) delivered earnings and revenue surprises of 9.52% and 2.55%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?