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 reportable segments, namely Banking and Factoring. A majority of its revenue is generated from the Banking segment, which provides various loan products, including commercial and industrial loans, commercial real estate loans, construction loans, etc. This segment also focuses on deposit generation on relationship accounts, encompassing non-interest bearing demand, interest bearing demand, money market accounts, certificates of deposit, and savings accounts.
Employees: 355
0
Funds holding %
of 7,398 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
440% more call options, than puts
Call options by funds: $27K | Put options by funds: $5K
146% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 13
57% more repeat investments, than reductions
Existing positions increased: 72 | Existing positions reduced: 46
9% more funds holding
Funds holding: 161 [Q3] → 176 (+15) [Q4]
4.1% less ownership
Funds ownership: 80.46% [Q3] → 76.36% (-4.1%) [Q4]
10% less capital invested
Capital invested by funds: $487M [Q3] → $439M (-$47.9M) [Q4]
67% less funds holding in top 10
Funds holding in top 10: 3 [Q3] → 1 (-2) [Q4]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$11
30%
upside
Avg. target
$11.25
33%
upside
High target
$11.50
36%
upside
2 analyst ratings
1 positive
50%
1 neutral
50%
0 negative
0%
Stephens & Co. Andrew Terrell 41% 1-year accuracy 13 / 32 met price target | 30%upside $11 | Equal-Weight Reiterated | 27 Jan 2025 |
Keefe, Bruyette & Woods Wood Lay 60% 1-year accuracy 41 / 68 met price target | 36%upside $11.50 | Outperform Maintained | 24 Jan 2025 |
Financial journalist opinion
Positive
Zacks Investment Research
1 week ago
New Strong Buy Stocks for March 27th
HTBK, TAP, ASLE, EFSC and HSNGY have been added to the Zacks Rank #1 (Strong Buy) List on March 27, 2025.
Positive
Zacks Investment Research
1 week ago
Best Income Stocks to Buy for March 27th
HSNGY, HTBK and TAP made it to the Zacks Rank #1 (Strong Buy) income stocks list on March 27, 2025.
Neutral
GlobeNewsWire
1 month ago
Heritage Commerce Corp and Heritage Bank of Commerce Announce Appointment of Janisha Sabnani as General Counsel
SAN JOSE, Calif., Feb. 03, 2025 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ: HTBK) (“Company”), parent company of Heritage Bank of Commerce (“Bank”), today announced the appointment of Janisha Sabnani as Executive Vice President and General Counsel of the Company and the Bank. As General Counsel, Ms. Sabnani will report directly to Chief Executive Officer (“CEO”) Robertson “Clay” Jones and will have primary responsibility for advising executive management, directors, and business unit executives on all legal and regulatory matters. With over fifteen years' experience in financial services and private practice, Ms. Sabnani brings a wealth of knowledge and expertise to our team.
Positive
Zacks Investment Research
2 months ago
Here's What Key Metrics Tell Us About Heritage Commerce (HTBK) Q4 Earnings
The headline numbers for Heritage Commerce (HTBK) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Negative
Zacks Investment Research
2 months ago
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.
Neutral
GlobeNewsWire
2 months ago
Heritage Commerce Corp Declares Regular Quarterly Cash Dividend of $0.13 Per Share
SAN JOSE, Calif., Jan. 23, 2025 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (Nasdaq: HTBK), the holding company for Heritage Bank of Commerce, 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 February 20, 2025, to shareholders of record at the close of the business day on February 6, 2025. Heritage Commerce Corp has paid a cash dividend each quarter since 2013.
Neutral
GlobeNewsWire
2 months ago
Heritage Commerce Corp Reports Robust Loan and Deposit Growth in 2024
SAN JOSE, Calif., Jan. 23, 2025 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (Nasdaq: HTBK), (the “Company”), the holding company for Heritage Bank of Commerce (the “Bank”), today announced that its fourth quarter 2024 net income was $10.6 million, or $0.17 per average diluted common share, compared to $10.5 million, or $0.17 per average diluted common share, for the third quarter of 2024, and $13.3 million, or $0.22 per average diluted common share, for the fourth quarter of 2023. For the year ended December 31, 2024, net income was $40.5 million, or $0.66 per average diluted common share, compared to $64.4 million, or $1.05 per average diluted common share, for the year ended December 31, 2023. All data are unaudited.
Neutral
GlobeNewsWire
4 months 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
4 months 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
5 months 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.
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