Heritage Commerce (HTBK) Expected to Announce Earnings on Thursday

Heritage Commerce (NASDAQ:HTBK - Get Free Report) is expected to be announcing its earnings results 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 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 for 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

Shares of NASDAQ HTBK traded up $0.05 during mid-day trading on Thursday, reaching $9.22. 365,738 shares of the company traded hands, compared to its average volume of 292,124. Heritage Commerce has a fifty-two week low of $7.66 and a fifty-two week high of $11.27. The firm has a market cap of $565.19 million, a PE ratio of 12.99 and a beta of 0.96. The stock has a fifty day simple moving average of $10.03 and a 200-day simple moving average of $9.84. 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 company also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 5.64%. The ex-dividend date of this dividend was Thursday, November 7th. Heritage Commerce's payout ratio is currently 73.24%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Heritage Commerce from a "sell" rating to a "hold" rating in a research note 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.