Analysts Expect Heritage Commerce Corp. (HTBK) Will Announce Earnings of $0.25 Per Share
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.
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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