Heritage Commerce (NASDAQ:HTBK - Get Free Report) announced its earnings results on Thursday. The financial services provider reported $0.17 EPS for the quarter, meeting analysts' consensus estimates of $0.17, Zacks reports. Heritage Commerce had a net margin of 17.61% and a return on equity of 6.37%.
Heritage Commerce Stock Performance
NASDAQ HTBK traded up $0.07 on Thursday, hitting $9.19. 309,596 shares of the company traded hands, compared to its average volume of 318,769. 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 business's 50 day moving average price is $9.89 and its 200-day moving average price is $9.87. The company has a market capitalization of $563.35 million, a price-to-earnings ratio of 12.94 and a beta of 0.96. Heritage Commerce has a 52-week low of $7.66 and a 52-week high of $11.27.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised Heritage Commerce from a "sell" rating to a "hold" rating in a research report on Wednesday, December 4th.
Read Our Latest Stock Analysis 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.
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