Heritage Commerce Corp (NASDAQ: HTBK) has recently received a number of price target changes and ratings updates:

  • 8/3/2017 – Heritage Commerce Corp had its “buy” rating reaffirmed by analysts at Brean Capital.
  • 8/1/2017 – Heritage Commerce Corp was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Heritage Commerce Corp. is the holding company of Heritage Bank of Commerce, Heritage Bank East Bay, Heritage Bank South Valley and Bank of Los Altos. The company offers a range of loans, primarily commercial, including real estate, construction, Small Business Administration), inventory and accounts receivable, and equipment loans. The company also accepts checking, savings, and time deposits; NOW and money market deposit accounts; and provides travelers’ checks, safe deposit, and other customary non-deposit banking services. “
  • 7/28/2017 – Heritage Commerce Corp was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/28/2017 – Heritage Commerce Corp was given a new $16.00 price target on by analysts at Brean Capital. They now have a “buy” rating on the stock.
  • 7/11/2017 – Heritage Commerce Corp was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 7/3/2017 – Heritage Commerce Corp was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Heritage Commerce Corp. is the holding company of Heritage Bank of Commerce, Heritage Bank East Bay, Heritage Bank South Valley and Bank of Los Altos. The company offers a range of loans, primarily commercial, including real estate, construction, Small Business Administration), inventory and accounts receivable, and equipment loans. The company also accepts checking, savings, and time deposits; NOW and money market deposit accounts; and provides travelers’ checks, safe deposit, and other customary non-deposit banking services. “

Heritage Commerce Corp (NASDAQ:HTBK) traded up 0.15% during mid-day trading on Tuesday, hitting $13.79. The stock had a trading volume of 78,324 shares. Heritage Commerce Corp has a 52 week low of $10.23 and a 52 week high of $14.87. The stock’s 50-day moving average is $13.76 and its 200 day moving average is $13.92. The company has a market capitalization of $525.67 million, a P/E ratio of 18.92 and a beta of 0.52.

Heritage Commerce Corp (NASDAQ:HTBK) last announced its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.19 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.19. The company had revenue of $27.23 million during the quarter, compared to analysts’ expectations of $27.90 million. Heritage Commerce Corp had a return on equity of 10.69% and a net margin of 25.75%. Equities analysts forecast that Heritage Commerce Corp will post $0.78 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 24th. Stockholders of record on Thursday, August 10th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend is Tuesday, August 8th. Heritage Commerce Corp’s payout ratio is 54.79%.

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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