Brokerages expect that Heritage Commerce Corp. (NASDAQ:HTBK) will announce $0.25 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have made estimates for Heritage Commerce’s earnings, with the lowest EPS estimate coming in at $0.24 and the highest estimate coming in at $0.25. Heritage Commerce posted earnings per share of $0.17 in the same quarter last year, which indicates a positive year over year growth rate of 47.1%. The firm is expected to report its next earnings results on Thursday, April 26th.

On average, analysts expect that Heritage Commerce will report full year earnings of $1.02 per share for the current year, with EPS estimates ranging from $0.96 to $1.08. For the next fiscal year, analysts forecast that the firm will report earnings of $1.31 per share, with EPS estimates ranging from $1.26 to $1.36. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Heritage Commerce.

A number of equities research analysts have recently commented on the company. Brean Capital reiterated a “buy” rating on shares of Heritage Commerce in a research note on Tuesday, January 2nd. BidaskClub cut Heritage Commerce from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. ValuEngine cut Heritage Commerce from a “buy” rating to a “hold” rating in a research note on Saturday, December 9th. Finally, Zacks Investment Research cut Heritage Commerce from a “buy” rating to a “hold” rating in a research note on Monday, October 30th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HTBK. Alliancebernstein L.P. increased its holdings in Heritage Commerce by 79.7% in the 2nd quarter. Alliancebernstein L.P. now owns 24,126 shares of the financial services provider’s stock worth $332,000 after acquiring an additional 10,700 shares during the last quarter. Vanguard Group Inc. increased its holdings in Heritage Commerce by 11.2% in the 2nd quarter. Vanguard Group Inc. now owns 1,550,961 shares of the financial services provider’s stock worth $21,373,000 after acquiring an additional 155,957 shares during the last quarter. State Street Corp increased its holdings in Heritage Commerce by 36.1% in the 2nd quarter. State Street Corp now owns 558,166 shares of the financial services provider’s stock worth $7,693,000 after acquiring an additional 148,073 shares during the last quarter. Swiss National Bank purchased a new stake in Heritage Commerce in the 2nd quarter worth about $827,000. Finally, PDT Partners LLC purchased a new stake in Heritage Commerce in the 2nd quarter worth about $413,000. Institutional investors own 69.97% of the company’s stock.

Heritage Commerce (HTBK) traded up $0.07 during midday trading on Monday, hitting $15.40. The stock had a trading volume of 149,872 shares, compared to its average volume of 157,446. The company has a market cap of $585.62, a PE ratio of 24.84, a price-to-earnings-growth ratio of 1.50 and a beta of 0.61. Heritage Commerce has a 12 month low of $12.76 and a 12 month high of $16.80. The company has a quick ratio of 0.76, a current ratio of 0.77 and a debt-to-equity ratio of 0.14.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.86%. This is a boost from Heritage Commerce’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Wednesday, February 7th. Heritage Commerce’s payout ratio is presently 70.97%.

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Heritage Commerce Company Profile

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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