Heritage Commerce (NASDAQ:HTBK) Posts Earnings Results, Hits Estimates

Heritage Commerce (NASDAQ:HTBK) announced its quarterly earnings results on Thursday. The financial services provider reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17, Zacks reports. Heritage Commerce had a return on equity of 6.37% and a net margin of 17.61%.

Heritage Commerce Price Performance

Shares of HTBK stock opened at $9.19 on Friday. The stock’s 50-day moving average is $9.86 and its 200 day moving average is $9.87. Heritage Commerce has a 1-year low of $7.66 and a 1-year high of $11.27. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.73 and a quick ratio of 0.73. The company has a market cap of $563.35 million, a P/E ratio of 12.94 and a beta of 0.96.

Heritage Commerce Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 5.66%. Heritage Commerce’s payout ratio is 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.

Heritage Commerce Company Profile

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.