Heritage Commerce (HTBK) Misses Q4 Earnings Estimates
Heritage Commerce (HTBK) came out with quarterly earnings of $0.17 per share, missing the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.22 per share a year ago.
Heritage Commerce (HTBK) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for Heritage Commerce (HTBK) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Heritage Commerce (HTBK) Q3 Earnings Match Estimates
Heritage Commerce (HTBK) came out with quarterly earnings of $0.17 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.26 per share a year ago.
Earnings Preview: Heritage Commerce (HTBK) Q3 Earnings Expected to Decline
Heritage Commerce (HTBK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Here's What Key Metrics Tell Us About Heritage Commerce (HTBK) Q2 Earnings
The headline numbers for Heritage Commerce (HTBK) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Heritage Commerce (HTBK) Misses Q2 Earnings and Revenue Estimates
Heritage Commerce (HTBK) came out with quarterly earnings of $0.15 per share, missing the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.27 per share a year ago.
Panagora Asset Management Inc. Has $2.83 Million Position in Heritage Commerce Corp (NASDAQ:HTBK)
Panagora Asset Management Inc. increased its position in shares of Heritage Commerce Corp (NASDAQ:HTBK – Free Report) by 27.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 285,310 shares of the financial services provider’s stock after buying an additional 60,957 shares during the quarter. Panagora Asset Management Inc. owned 0.47% of Heritage Commerce worth $2,830,000 as of its most recent SEC filing. A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Boston Partners lifted its position in shares of Heritage Commerce by 101.4% in the fourth quarter. Boston Partners now owns 1,893,847 shares of the financial services provider’s stock worth $18,718,000 after purchasing an additional 953,372 shares in the last quarter. Swiss National Bank increased its position in shares of Heritage Commerce by 2.3% in the third quarter. Swiss National Bank now owns 134,000 shares of the financial services provider’s stock valued at $1,135,000 after acquiring an additional 3,000 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Heritage Commerce by 94.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,381 shares of the financial services provider’s stock worth $182,000 after acquiring an additional 8,905 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in Heritage Commerce by 10.9% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 87,264 shares of the financial services provider’s stock valued at $866,000 after purchasing an additional 8,600 shares during the last quarter. Finally, Federated Hermes Inc. grew its stake in Heritage Commerce by 5.5% in the third quarter. Federated Hermes Inc. now owns 81,122 shares of the financial services provider’s stock valued at $687,000 after purchasing an additional 4,220 shares in the last quarter. Institutional investors and hedge funds own 75.55% of the company’s stock. Wall Street Analyst Weigh In Several equities research analysts have recently commented on the company. Piper Sandler cut their price objective on Heritage Commerce from $11.00 to $10.00 and set an “overweight” rating for the company in a report on Friday, April 26th. StockNews.com downgraded shares of Heritage Commerce from a “hold” rating to a “sell” rating in a research report on Tuesday, April 30th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Heritage Commerce from $12.00 to $11.00 and set an “outperform” rating on the stock in a report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Heritage Commerce has a consensus rating of “Hold” and a consensus target price of $10.50. Check Out Our Latest Analysis on HTBK Heritage Commerce Price Performance Shares of HTBK opened at $8.50 on Monday. The company’s 50-day moving average is $8.23 and its 200-day moving average is $8.71. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.75 and a quick ratio of 0.75. The firm has a market capitalization of $520.71 million, a PE ratio of 9.24 and a beta of 0.91. Heritage Commerce Corp has a fifty-two week low of $7.25 and a fifty-two week high of $10.22. Heritage Commerce (NASDAQ:HTBK – Get Free Report) last released its quarterly earnings results on Friday, April 26th. The financial services provider reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.02). The company had revenue of $59.60 million during the quarter, compared to the consensus estimate of $43.83 million. Heritage Commerce had a net margin of 22.84% and a return on equity of 8.36%. Equities analysts forecast that Heritage Commerce Corp will post 0.74 EPS for the current year. Heritage Commerce Dividend Announcement The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th will be given a $0.13 dividend. The ex-dividend date is Wednesday, May 8th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 6.12%. Heritage Commerce’s payout ratio is presently 56.52%. Heritage Commerce Profile (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.
