Heritage Commerce (HTBK) Expected to Announce Quarterly Earnings on Thursday

Posted by Dante Gardener on Jan 22nd, 2025

Heritage Commerce (NASDAQ:HTBK – Get Free Report) will likely be issuing its quarterly earnings data 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 – Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.17. Heritage Commerce had a net margin of 17.61% and a return on equity of 6.37%. The company had revenue of $63.68 million during 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 $9.28 on Wednesday. Heritage Commerce has a 1 year low of $7.66 and a 1 year high of $11.27. The company has a market cap of $568.86 million, a P/E ratio of 13.07 and a beta of 0.96. The firm has a 50-day moving average of $9.92 and a 200 day moving average of $9.88. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.73 and a quick ratio of 0.73.

Heritage Commerce Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 7th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 5.60%. The ex-dividend date was Thursday, November 7th. Heritage Commerce’s payout ratio is currently 73.24%.

Analysts Set New Price Targets

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

Check Out Our Latest Report on HTBK

About Heritage Commerce

(Get Free Report)

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.