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

Posted by Erica Schwartz on Jan 22nd, 2025

Heritage Commerce (NASDAQ:HTBK – Get Free Report) is anticipated to release its earnings data before the market opens on Thursday, January 23rd. Analysts expect Heritage Commerce to post earnings of $0.17 per share and revenue of $41,510.00 billion for the quarter.

Heritage Commerce (NASDAQ:HTBK – Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.17 EPS for the quarter, meeting analysts’ consensus estimates of $0.17. Heritage Commerce had a net margin of 17.61% and a return on equity of 6.37%. The firm had revenue of $63.68 million for the quarter, compared to analysts’ expectations 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 Trading Up 0.7 %

Shares of HTBK stock opened at $9.28 on Wednesday. Heritage Commerce has a 12-month low of $7.66 and a 12-month high of $11.27. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.06. The firm’s 50 day moving average is $9.92 and its 200 day moving average is $9.88. The stock has a market capitalization of $568.86 million, a P/E ratio of 13.07 and a beta of 0.96.

Heritage Commerce Dividend Announcement

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

Wall Street Analyst Weigh In

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

View Our Latest Report on Heritage Commerce

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.