News coverage about Heritage Commerce Corp (NASDAQ:HTBK) has trended positive recently, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Heritage Commerce Corp earned a daily sentiment score of 0.28 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 46.5546888543093 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- Brean Capital Reiterates “Buy” Rating for Heritage Commerce Corp (HTBK) (americanbankingnews.com)
- Is It The Right Time To Buy Heritage Commerce Corp (HTBK)? (finance.yahoo.com)
- Heritage Commerce Corp Declares Quarterly Dividend of $0.10 (HTBK) (americanbankingnews.com)
- Heritage Commerce Corp (HTBK) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS (americanbankingnews.com)
- Head-To-Head Review: Bank of Marin Bancorp (BMRC) versus Heritage Commerce Corp (HTBK) (americanbankingnews.com)
Shares of Heritage Commerce Corp (HTBK) traded down 0.98% during trading on Monday, reaching $15.09. 96,662 shares of the company were exchanged. The stock has a market capitalization of $575.38 million, a price-to-earnings ratio of 20.70 and a beta of 0.51. Heritage Commerce Corp has a one year low of $10.23 and a one year high of $15.30. The company has a 50 day moving average price of $14.24 and a 200-day moving average price of $13.89.
Heritage Commerce Corp (NASDAQ:HTBK) last announced its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.01. Heritage Commerce Corp had a return on equity of 11.27% and a net margin of 26.40%. The business had revenue of $28.78 million during the quarter, compared to the consensus estimate of $28.70 million. Equities analysts predict that Heritage Commerce Corp will post $0.81 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 21st. Shareholders of record on Tuesday, November 7th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.65%. The ex-dividend date is Monday, November 6th. Heritage Commerce Corp’s dividend payout ratio is 51.95%.
A number of equities analysts have recently commented on the stock. Brean Capital reissued a “buy” rating on shares of Heritage Commerce Corp in a research report on Monday. Zacks Investment Research raised shares of Heritage Commerce Corp from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Wednesday, September 27th. BidaskClub lowered shares of Heritage Commerce Corp from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, ValuEngine lowered shares of Heritage Commerce Corp from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $15.67.
In other news, Director J Philip Dinapoli acquired 5,000 shares of the stock in a transaction on Thursday, August 10th. The shares were purchased at an average price of $13.53 per share, for a total transaction of $67,650.00. Following the transaction, the director now directly owns 163,376 shares of the company’s stock, valued at $2,210,477.28. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Komas Julianne M. Biagini sold 3,650 shares of the stock in a transaction on Monday, August 28th. The stock was sold at an average price of $13.65, for a total value of $49,822.50. Following the transaction, the director now owns 25,696 shares in the company, valued at approximately $350,750.40. The disclosure for this sale can be found here. 5.69% of the stock is owned by company insiders.
Heritage Commerce Corp 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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