Heritage CommerceHTBK
HTBK
About: Heritage Commerce Corp operates as a bank holding company. The company, through its subsidiary, offers commercial banking services to small and medium-sized businesses and their owners, managers, and employees. It operates through two segments, namely Banking and Factoring. The bank generates its revenue from the Banking segment.
Employees: 353
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
50% more funds holding in top 10
Funds holding in top 10: 2 [Q2] → 3 (+1) [Q3]
33% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 21
25% more call options, than puts
Call options by funds: $5K | Put options by funds: $4K
21% more repeat investments, than reductions
Existing positions increased: 58 | Existing positions reduced: 48
10% more capital invested
Capital invested by funds: $421M [Q2] → $464M (+$43M) [Q3]
5% more funds holding
Funds holding: 154 [Q2] → 161 (+7) [Q3]
2.31% less ownership
Funds ownership: 79.0% [Q2] → 76.69% (-2.31%) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for HTBK.
Financial journalist opinion
Neutral
GlobeNewsWire
1 month ago
Heritage Commerce Corp Announces Chief Financial Officer Succession
Lawrence D. McGovern to Depart Company in February 2025; Thomas A. Sa to Serve as Interim Chief Financial Officer Lawrence D. McGovern to Depart Company in February 2025; Thomas A. Sa to Serve as Interim Chief Financial Officer
Positive
Benzinga
1 month ago
Wall Street's Most Accurate Analysts Spotlight On 3 Financial Stocks Delivering High-Dividend Yields
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Positive
Zacks Investment Research
1 month 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.
Positive
Zacks Investment Research
1 month ago
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.
Neutral
GlobeNewsWire
1 month ago
Heritage Commerce Corp Declares Regular Quarterly Cash Dividend of $0.13 Per Share
SAN JOSE, Calif., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (Nasdaq: HTBK), the holding company for Heritage Bank of Commerce (the “Bank”), today announced that its Board of Directors had declared its regular quarterly cash dividend of $0.13 per share to holders of its common stock. The dividend will be payable on November 21, 2024, to shareholders of record at the close of the business day on November 7, 2024. Heritage Commerce Corp has paid a cash dividend each quarter since 2013.
Neutral
GlobeNewsWire
1 month ago
Heritage Commerce Corp Reports Client Deposit Growth of 6% in the Third Quarter of 2024
SAN JOSE, Calif., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (Nasdaq: HTBK), (the “Company”), the holding company for Heritage Bank of Commerce (the “Bank”), today announced that its third quarter 2024 net income was $10.5 million, or $0.17 per average diluted common share, compared to $9.2 million, or $0.15 per average diluted common share, for the second quarter of 2024, and $15.8 million, or $0.26 per average diluted common share, for the third quarter of 2023. For the nine months ended September 30, 2024, net income was $29.9 million, or $0.49 per average diluted common share, compared to $51.1 million, or $0.83 per average diluted common share, for the nine months ended September 30, 2023. All data are unaudited.
Negative
Zacks Investment Research
2 months 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.
Neutral
GlobeNewsWire
2 months ago
Heritage Commerce Corp and Heritage Bank of Commerce Announce Appointment of New Chief Operating Officer Thomas A. Sa
SAN JOSE, Calif., Oct. 02, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ: HTBK) (“Company”), parent company of Heritage Bank of Commerce (“Bank”), today announced the appointment of Thomas A. Sa as the Chief Operating Officer (“COO”) of the Company and the Bank. As COO, Mr. Sa will report directly to Chief Executive Officer (“CEO”) Robertson “Clay” Jones and will have primary responsibility for banking operations, risk management, and information technology systems. Mr. Sa had previously served as President, Chief Operating Officer and Chief Financial Officer of California BanCorp and its subsidiary, California Bank of Commerce, which merged with Southern California Bancorp in July 2024. Mr. Sa has more than thirty years' experience in a variety of increasingly responsible positions in California-based community and regional banks.
Neutral
GlobeNewsWire
4 months ago
Ranson W. Webster to Retire from Heritage Commerce Corp Board of Directors and Julianne M. Biagini-Komas to be named Vice Chair of Board
SAN JOSE, Calif., Aug. 15, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ: HTBK) (the "Company"), the parent company of Heritage Bank of Commerce (the "Bank"), today announced the retirement of Ranson W. Webster from the Board of Directors, effective October 1, 2024. As one of the original founders, Webster joined the Board in 2004 and has served as Vice Chair of the Boards of Directors of the Company and the Bank. Director Julianne M. Biagini-Komas will assume the role of Vice Chair of both boards effective on the same date.
Positive
Zacks Investment Research
4 months ago
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.
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