Heritage Commerce 株価情報 (NASDAQ: HTBK)

最新ニュース Heritage Commerce (NASDAQ:HTBK) 株価情報

Heritage Commerce

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.

Heritage Commerce Corp

<p>Thomas A. Sa, who currently serves as the Chief Operating Officer for the Company and the Bank, will assume the duties of Chief Financial Officer on an interim basis beginning November 18, 2024, while the Company and the Bank complete a search for McGovern's permanent replacement.&nbsp;</p>
<p>The Company confirmed that McGovern's departure does not relate to any concerns regarding the integrity or reliability of the Company's financial statements.</p>
<p><br />&nbsp;</p>


News

Management

HTBK

Heritage Commerce Says Vice President And CFO Lawrence McGovern Is Expected To Depart Company In February 2025; Thomas Sa To Assume Duties Of CFO On Interim Basis Beginning November 18

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Shares of banking-related companies are trading higher after Donald Trump won the US presidential election.

<p>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<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.</p>
<p>Benzinga readers can review the latest analyst takes on their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.</p>
<p>Below are the ratings of the most accurate analysts for three high-yielding stocks in the financials sector.</p>
<h3 class="wp-block-heading"><strong>Lincoln National Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LNC#NYSE">LNC</a>)</strong></h3>
<ul>
<li><strong>Dividend Yield:</strong> 5.47%</li>
<li><strong>Wells Fargo</strong> analyst Elyse Greenspan maintained an Equal-Weight rating and raised the price target from $28 to $29 on Oct. 10. This analyst has an accuracy rate of 75%.</li>
<li><strong>Barclays</strong> analyst Alex Scott maintained an Equal-Weight rating and raised the price target from $35 to $36 on Oct. 8. This analyst has an accuracy rate of 66%.</li>
<li><strong>Recent News:</strong> On Oct. 31, Lincoln National posted better-than-expected quarterly earnings.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110524&amp;t=be2bearmibe3na1">latest LNC news</a>. </li>
</ul>
<p><figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110524&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="918" height="842" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/05044515/image-24.png" alt="" class="wp-image-629784" style="width:694px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/05044515/image-24.png 918w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/05044515/image-24-300x275.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/05044515/image-24-768x704.png 768w" sizes="(max-width: 918px) 100vw, 918px" /></a></figure></p>
<h3 class="wp-block-heading"><strong>Heritage Commerce Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTBK#NASDAQ">HTBK</a>)</strong></h3>
<ul>
<li><strong>Dividend Yield:</strong> 5.44%</li>
<li><strong>Piper Sandler </strong>analyst Andrew Liesch maintained an Overweight rating and raised the price target from $10 to $12 on July 26. This analyst has an accuracy rate of 78%.</li>
<li><strong>Keefe, Bruyette &amp; Woods </strong>analyst Wood Lay maintained an Outperform rating and increased the price target from $10.5 to $11.5 on July 26. This analyst has an accuracy rate of 62%.</li>
<li><strong>Recent News: </strong>On Oct. 24, Heritage Commerce posted in-line quarterly earnings.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110524&amp;t=be2bearmibe3na1">latest HTBK news.</a></li>
</ul>
<p><figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110524&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="902" height="840" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/05044644/image-25.png" alt="" class="wp-image-629786" style="width:655px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/05044644/image-25.png 902w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/05044644/image-25-300x279.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/05044644/image-25-768x715.png 768w" sizes="(max-width: 902px) 100vw, 902px" /></a></figure></p>
<h3 class="wp-block-heading"><strong>Columbia Banking System, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COLB#NASDAQ">COLB</a>)</strong></h3>
<ul>
<li><strong>Dividend Yield: </strong>5.19%</li>
<li><strong>Truist Securities </strong>analyst Brandon King maintained a Hold rating and raised the price target from $28 to $30 on Oct. 28. This analyst has an accuracy rate of 81%.</li>
<li><strong>RBC Capital </strong>analyst Jon Arfstrom maintained a Sector Perform rating and increased the price target from $29 to $31 on Oct. 25. This analyst has an accuracy rate of 79%.</li>
<li><strong>Recent News: </strong>On Oct. 24, Columbia Banking System posted better-than-expected quarterly results.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110524&amp;t=be2bearmibe3na1"> trend in COLB stock</a>. </li>
</ul>
<p><figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110524&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="916" height="833" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/05044902/image-26.png" alt="" class="wp-image-629787" style="width:614px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/05044902/image-26.png 916w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/05044902/image-26-300x273.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/05044902/image-26-768x698.png 768w" sizes="(max-width: 916px) 100vw, 916px" /></a></figure></p>
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Dividends

Price Target

Pre-Market Outlook

Markets

Analyst Ratings

Trading Ideas

COLB

Wall Street's Most Accurate Analysts Spotlight On 3 Financial Stocks Delivering High-Dividend Yields

<p>Heritage Commerce (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTBK#NASDAQ">HTBK</a>) reported quarterly earnings of $0.17 per share which met the analyst consensus estimate. This is a 34.62 percent decrease over earnings of $0.26 per share from the same period last year.  The company reported quarterly sales of $42.16 million which beat the analyst consensus estimate of $41.76 million by 0.95 percent.  This is a 11.42 percent decrease over sales of $47.59 million the same period last year.</p>


Earnings

Earnings Beats

Heritage Commerce Q3 2024 GAAP EPS $0.17, Inline, Sales $42.16M Beat $41.76M Estimate

Heritage Commerce Appoints Thomas Sa As COO Of Company And The Bank

General

Heritage Commerce shares are trading higher after the company reported better-than-expected Q2 revenue results. Also, multiple firms raised their respective price target on its stock.

<p>Piper Sandler  analyst Andrew Liesch   maintains Heritage Commerce (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTBK#NASDAQ">HTBK</a>) with a Overweight and raises the price target from $10 to $12.</p>


Piper Sandler Maintains Overweight on Heritage Commerce, Raises Price Target to $12

<p>Keefe, Bruyette &amp; Woods  analyst Wood Lay   maintains Heritage Commerce (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTBK#NASDAQ">HTBK</a>) with a Outperform and raises the price target from $10.5 to $11.5.</p>


Keefe, Bruyette & Woods Maintains Outperform on Heritage Commerce, Raises Price Target to $11.5

Buybacks

Reported Earlier, Heritage Commerce Authorizes $15M Share Repurchase Program

<p>Heritage Commerce (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTBK#NASDAQ">HTBK</a>) reported quarterly earnings of $0.15 per share which missed the analyst consensus estimate of $0.18 by 16.67 percent. This is a 44.44 percent decrease over earnings of $0.27 per share from the same period last year. The company reported quarterly sales of $41.73 million which beat the analyst consensus estimate of $40.90 million by 2.03 percent. This is a 13.72 percent decrease over sales of $48.37 million the same period last year.</p>


Heritage Commerce Q2 EPS $0.15 Misses $0.18 Estimate, Sales $41.73M Beat $40.90M Estimate

<p>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 <a href="https://www.benzinga.com/yield-investments">high dividend payout</a>.</p>
<p>Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.</p>
<p>Below are the ratings of the most accurate analysts for three high-yielding stocks in the financial sector.</p>
<h3 class="wp-block-heading"><strong>Valley National Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VLY#NASDAQ">VLY</a>)</strong></h3>
<ul>
<li><strong>Dividend Yield:</strong> 5.99%</li>
<li><strong>Wedbush </strong>analyst David Chiaverini reiterated a Neutral rating with a price target of $8 on May 22. This analyst has an accuracy rate of 64%.</li>
<li><strong>JP Morgan </strong>analyst Steven Alexopoulos maintained a Neutral rating and cut the price target from $12 to $9 on April 4. This analyst has an accuracy rate of 65%.</li>
<li><strong>Recent News:</strong> On April 25, Valley National Bancorp posted downbeat quarterly results.</li>
</ul>
<h3 class="wp-block-heading"><strong>Heritage Commerce Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTBK#NASDAQ">HTBK</a>)</strong></h3>
<ul>
<li><strong>Dividend Yield:</strong> 6.38%</li>
<li><strong>Piper Sandler </strong>analyst AndrewLieschmaintained an Overweight rating and cut the price target from $11 to $10 on April 26. This analyst has an accuracy rate of 73%.</li>
<li><strong>Raymond James </strong>analyst David Feastermaintained an Outperform rating and raised the price target from $9.5 to $11 on Jan. 5. This analyst has an accuracy rate of 61%.</li>
<li><strong>Recent News:</strong> On April 25, Heritage Commerce posted weak results for the first quarter.</li>
</ul>
<h3 class="wp-block-heading"><strong>Gladstone Investment Corporation </strong>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GAIN#NASDAQ">GAIN</a>)</h3>
<ul>
<li><strong>Dividend Yield:</strong> 7.00%</li>
<li><strong>B. Riley Securities </strong>analyst Bryce Rowe reiterated a Neutral rating and raised the price target from $13.5 to $14 on May 10. This analyst has an accuracy rate of 61%.</li>
<li><strong>Ladenburg Thalmann </strong>analyst MickeySchleiendowngraded the stock from Buy to Neutral with a price target of $14 on May 9. This analyst has an accuracy rate of 71%.</li>
<li><strong>Recent News:</strong> On May 8, Gladstone Investment posted weaker-than-expected quarterly earnings.</li>
</ul>
<p>Read More: <a href="https://www.benzinga.com/news/24/05/38984382/slb-first-solar-and-2-other-stocks-insiders-are-selling">SLB, First Solar And 2 Other Stocks Insiders Are Selling</a></p>


GAIN

Wall Street's Most Accurate Analysts' Views On 3 Financial Stocks Delivering High-Dividend Yields

<p>Piper Sandler  analyst Andrew Liesch   maintains Heritage Commerce (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTBK#NASDAQ">HTBK</a>) with a Overweight and lowers the price target from $11 to $10.</p>


Piper Sandler Maintains Overweight on Heritage Commerce, Lowers Price Target to $10

<p>Heritage Commerce (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTBK#NASDAQ">HTBK</a>) reported quarterly earnings of $0.17 per share which missed the analyst consensus estimate of $0.18 by 5.56 percent. This is a 45.16 percent decrease over earnings of $0.31 per share from the same period last year.  The company reported quarterly sales of $42.140 million which missed the analyst consensus estimate of $42.284 million by 0.34 percent.  This is a 19.00 percent decrease over sales of $52.024 million the same period last year.</p>


Earnings Misses

Heritage Commerce Q1 2024 GAAP EPS $0.17 Misses $0.18 Estimate, Sales $42.140M Miss $42.284M Estimate

<p>By the close of today, February 22, 2024, <b>Heritage Commerce (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTBK#NASDAQ">HTBK</a>)</b> will issue a dividend payout of $0.13 per share, resulting in an annualized dividend yield of 5.38%. This payout is exclusively for shareholders who held the stock before the ex-dividend date on February 07, 2024.</p>
<h3>Heritage Commerce Recent Dividend Payouts</h3>
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<thead>
<tr>
<th><strong>Ex-Date</strong></th>
<th style="text-align: right;"><strong>Payments per year</strong></th>
<th><strong>Dividend</strong></th>
<th><strong>Yield</strong></th>
<th><strong>Announced</strong></th>
<th><strong>Record</strong></th>
<th><strong>Payable</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>2024-02-07</td>
<td style="text-align: right;">4</td>
<td>$0.13</td>
<td>5.38%</td>
<td>2024-01-25</td>
<td>2024-02-08</td>
<td>2024-02-22</td>
</tr>
<tr>
<td>2023-11-06</td>
<td style="text-align: right;">4</td>
<td>$0.13</td>
<td>6.52%</td>
<td>2023-10-26</td>
<td>2023-11-07</td>
<td>2023-11-21</td>
</tr>
<tr>
<td>2023-08-09</td>
<td style="text-align: right;">4</td>
<td>$0.13</td>
<td>5.27%</td>
<td>2023-07-27</td>
<td>2023-08-10</td>
<td>2023-08-24</td>
</tr>
<tr>
<td>2023-05-10</td>
<td style="text-align: right;">4</td>
<td>$0.13</td>
<td>6.9%</td>
<td>2023-04-27</td>
<td>2023-05-11</td>
<td>2023-05-25</td>
</tr>
<tr>
<td>2023-02-08</td>
<td style="text-align: right;">4</td>
<td>$0.13</td>
<td>4.14%</td>
<td>2023-01-26</td>
<td>2023-02-09</td>
<td>2023-02-23</td>
</tr>
<tr>
<td>2022-11-07</td>
<td style="text-align: right;">4</td>
<td>$0.13</td>
<td>3.96%</td>
<td>2022-10-27</td>
<td>2022-11-08</td>
<td>2022-11-22</td>
</tr>
<tr>
<td>2022-08-10</td>
<td style="text-align: right;">4</td>
<td>$0.13</td>
<td>4.46%</td>
<td>2022-07-28</td>
<td>2022-08-11</td>
<td>2022-08-25</td>
</tr>
<tr>
<td>2022-05-11</td>
<td style="text-align: right;">4</td>
<td>$0.13</td>
<td>4.57%</td>
<td>2022-04-28</td>
<td>2022-05-12</td>
<td>2022-05-26</td>
</tr>
<tr>
<td>2022-02-09</td>
<td style="text-align: right;">4</td>
<td>$0.13</td>
<td>4.21%</td>
<td>2022-01-27</td>
<td>2022-02-10</td>
<td>2022-02-24</td>
</tr>
<tr>
<td>2021-11-08</td>
<td style="text-align: right;">4</td>
<td>$0.13</td>
<td>4.52%</td>
<td>2021-10-28</td>
<td>2021-11-09</td>
<td>2021-11-23</td>
</tr>
<tr>
<td>2021-08-11</td>
<td style="text-align: right;">4</td>
<td>$0.13</td>
<td>4.68%</td>
<td>2021-07-22</td>
<td>2021-08-12</td>
<td>2021-08-26</td>
</tr>
<tr>
<td>2021-05-12</td>
<td style="text-align: right;">4</td>
<td>$0.13</td>
<td>4.36%</td>
<td>2021-04-22</td>
<td>2021-05-13</td>
<td>2021-05-27</td>
</tr>
</tbody>
</table>
<p>When comparing Heritage Commerce's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer <b>Washington Trust Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WASH#NASDAQ">WASH</a>)</b> having the highest annualized dividend yield at 8.45%.</p>
<h3>Analyzing Heritage Commerce Financial Health</h3>
<p>Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. </p>
<h3>YoY Growth in Dividend Per Share</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1708614304_0.png" alt="dividend chart graph" /></p>
<p>Throughout the period of 2020 to 2023, the company maintained a steady dividend per share of $0.52. This demonstrates the company's commitment to a stable dividend policy, which can be reassuring for investors looking for reliable income sources.</p>
<h3>YoY Earnings Growth For Heritage Commerce</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1708614304_1.png" alt="earning chart graph" /></p>
<p>The earnings chart above shows that from 2020 to 2023, Heritage Commerce has experienced an increase in their earnings from $0.66 per share to $1.18 per share. This positive earnings trend is promising for income-seeking investors as it suggests that the company has more potential to increase its cash dividend payout if the trend continues.</p>
<h3>Recap</h3>
<p>This article provides an in-depth analysis of Heritage Commerce's recent dividend distribution and the impact it has on shareholders. The company is currently distributing a dividend of $0.13 per share, resulting in an annualized dividend yield of 5.38%.</p>
<p>When comparing Heritage Commerce's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Washington Trust Bancorp having the highest annualized dividend yield at 8.45%.</p>
<p>Despite no adjustment in the dividend per share over the period of 2020 to 2023, the consistent growth in earnings per share for Heritage Commerce indicates a sound financial status, which could enable the company to continue sharing profits with its investors.</p>
<p>It is advisable for investors to monitor the company's performance in the coming quarters to stay in the loop about any adjustments in financials or dividend disbursements.</p>
<p>[Track real-time stock fluctuations for Heritage Commerce on Benzinga.](https://www.benzinga.com/quote/<b>Heritage Commerce (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/htbk#NASDAQ">HTBK</a>)</b>)</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Small Cap

WASH

Heritage Commerce: Reliable Progress and Investor Expectations

<p>Providing a diverse range of perspectives from bullish to bearish, 4 analysts have published ratings on Heritage Commerce (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTBK#NASDAQ">HTBK</a>) in the last three months.</p>
<p>The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $10.62, along with a high estimate of $11.00 and a low estimate of $9.50. This current average has increased by 1.14% from the previous average price target of $10.50. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1706295634_0.png" alt="price target chart" /></p>
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
<p>The analysis of recent analyst actions sheds light on the perception of Heritage Commerce by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Andrew Liesch</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$11.00</td>
<td>$10.00</td>
</tr>
<tr>
<td>Wood Lay</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$11.00</td>
<td>$12.00</td>
</tr>
<tr>
<td>David Feaster</td>
<td>Raymond James</td>
<td>Raises</td>
<td>Outperform</td>
<td>$11.00</td>
<td>$9.50</td>
</tr>
<tr>
<td>David Feaster</td>
<td>Raymond James</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$9.50</td>
<td>$10.50</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Heritage Commerce. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li><strong>Rating:</strong> Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Heritage Commerce compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
<p>To gain a panoramic view of Heritage Commerce's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/HTBK/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Heritage Commerce analyst ratings.</strong></a></p>
<p>If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.</p>
<h2>Unveiling the Story Behind Heritage Commerce</h2>
<p>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.</p>
<h3>Heritage Commerce's Economic Impact: An Analysis</h3>
<p><strong>Market Capitalization Analysis:</strong> Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.</p>
<p><strong>Revenue Challenges:</strong> Heritage Commerce's revenue growth over 3 months faced difficulties. As of 30 September, 2023, the company experienced a decline of approximately <strong>-6.9%</strong>. This indicates a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Financials sector.</p>
<p><strong>Net Margin:</strong> Heritage Commerce's net margin excels beyond industry benchmarks, reaching <strong>33.67%</strong>. This signifies efficient cost management and strong financial health.</p>
<p><strong>Return on Equity (ROE):</strong> Heritage Commerce's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of <strong>2.4%,</strong> the company may face hurdles in achieving optimal financial returns.</p>
<p><strong>Return on Assets (ROA):</strong> Heritage Commerce's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive <strong>0.29%</strong> ROA, the company effectively utilizes its assets for optimal returns.</p>
<p><strong>Debt Management:</strong> Heritage Commerce's debt-to-equity ratio is below the industry average at <strong>0.06</strong>, reflecting a lower dependency on debt financing and a more conservative financial approach.</p>
<h2>Understanding the Relevance of Analyst Ratings</h2>
<p>Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.</p>
<p>Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Deep Dive Into Heritage Commerce Stock: Analyst Perspectives (4 Ratings)

<p>Piper Sandler  analyst Andrew Liesch   maintains Heritage Commerce (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTBK#NASDAQ">HTBK</a>) with a Overweight and raises the price target from $10 to $11.</p>


Piper Sandler Maintains Overweight on Heritage Commerce, Raises Price Target to $11

<p>Keefe, Bruyette &amp; Woods  analyst Wood Lay   maintains Heritage Commerce (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTBK#NASDAQ">HTBK</a>) with a Outperform and lowers the price target from $12 to $11.</p>


Keefe, Bruyette & Woods Maintains Outperform on Heritage Commerce, Lowers Price Target to $11-Report Released on 25 January 2024

<p>Heritage Commerce (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTBK#NASDAQ">HTBK</a>) reported quarterly earnings of $0.22 per share which missed the analyst consensus estimate of $0.24 by 8.33 percent. This is a 35.29 percent decrease over earnings of $0.34 per share from the same period last year.  The company reported quarterly sales of $44.24 million which missed the analyst consensus estimate of $44.54 million by 0.67 percent.  This is a 18.84 percent decrease over sales of $54.51 million the same period last year.</p>


Heritage Commerce Q4 EPS $0.22 Misses $0.24 Estimate, Sales $44.24M Miss $44.54M Estimate

<p>By the close of today, January 19, 2024, <b>Horizon Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBNC#NASDAQ">HBNC</a>)</b> will issue a dividend payout of $0.16 per share, resulting in an annualized dividend yield of 4.70%. This payout is exclusively for shareholders who held the stock before the ex-dividend date on January 04, 2024.</p>
<h3>Horizon Bancorp Recent Dividend Payouts</h3>
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            font-size: 12px;
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    </style><table>
<thead>
<tr>
<th><strong>Ex-Date</strong></th>
<th style="text-align: right;"><strong>Payments per year</strong></th>
<th><strong>Dividend</strong></th>
<th><strong>Yield</strong></th>
<th><strong>Announced</strong></th>
<th><strong>Record</strong></th>
<th><strong>Payable</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>2024-01-04</td>
<td style="text-align: right;">4</td>
<td>$0.16</td>
<td>4.7%</td>
<td>2023-12-19</td>
<td>2024-01-05</td>
<td>2024-01-19</td>
</tr>
<tr>
<td>2023-10-05</td>
<td style="text-align: right;">4</td>
<td>$0.16</td>
<td>6.06%</td>
<td>2023-09-19</td>
<td>2023-10-06</td>
<td>2023-10-20</td>
</tr>
<tr>
<td>2023-07-06</td>
<td style="text-align: right;">4</td>
<td>$0.16</td>
<td>5.77%</td>
<td>2023-06-20</td>
<td>2023-07-07</td>
<td>2023-07-21</td>
</tr>
<tr>
<td>2023-04-05</td>
<td style="text-align: right;">4</td>
<td>$0.16</td>
<td>5.89%</td>
<td>2023-03-21</td>
<td>2023-04-07</td>
<td>2023-04-21</td>
</tr>
<tr>
<td>2023-01-05</td>
<td style="text-align: right;">4</td>
<td>$0.16</td>
<td>4.33%</td>
<td>2022-12-20</td>
<td>2023-01-06</td>
<td>2023-01-20</td>
</tr>
<tr>
<td>2022-10-06</td>
<td style="text-align: right;">4</td>
<td>$0.16</td>
<td>3.32%</td>
<td>2022-09-20</td>
<td>2022-10-07</td>
<td>2022-10-21</td>
</tr>
<tr>
<td>2022-07-07</td>
<td style="text-align: right;">4</td>
<td>$0.16</td>
<td>3.78%</td>
<td>2022-06-24</td>
<td>2022-07-08</td>
<td>2022-07-22</td>
</tr>
<tr>
<td>2022-04-07</td>
<td style="text-align: right;">4</td>
<td>$0.15</td>
<td>2.91%</td>
<td>2022-03-17</td>
<td>2022-04-08</td>
<td>2022-04-22</td>
</tr>
<tr>
<td>2022-01-06</td>
<td style="text-align: right;">4</td>
<td>$0.15</td>
<td>2.97%</td>
<td>2021-12-21</td>
<td>2022-01-07</td>
<td>2022-01-21</td>
</tr>
<tr>
<td>2021-10-07</td>
<td style="text-align: right;">4</td>
<td>$0.15</td>
<td>3.61%</td>
<td>2021-09-22</td>
<td>2021-10-08</td>
<td>2021-10-22</td>
</tr>
<tr>
<td>2021-07-01</td>
<td style="text-align: right;">4</td>
<td>$0.13</td>
<td>2.97%</td>
<td>2021-06-22</td>
<td>2021-07-02</td>
<td>2021-07-16</td>
</tr>
<tr>
<td>2021-03-31</td>
<td style="text-align: right;">4</td>
<td>$0.13</td>
<td>2.71%</td>
<td>2021-03-17</td>
<td>2021-04-02</td>
<td>2021-04-16</td>
</tr>
</tbody>
</table>
<p>Horizon Bancorp's dividend yield falls in the middle range when compared to its industry peers, with <b>Heritage Commerce (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTBK#NASDAQ">HTBK</a>)</b> having the highest annualized dividend yield at 5.59%.</p>
<h3>Analyzing Horizon Bancorp Financial Health</h3>
<p>Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. </p>
<h3>YoY Growth in Dividend Per Share</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1705676705_0.png" alt="dividend chart graph" /></p>
<p>Investors witnessed an upward trajectory in the company's dividend per share between 2020 and 2023. The dividend per share rose from $0.48 to $0.64, indicating the company's dedication to enhancing shareholder value through increased dividends.</p>
<h3>YoY Earnings Growth For Horizon Bancorp</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1705676705_1.png" alt="earning chart graph" /></p>
<p>The earnings chart illustrates an increase in Horizon Bancorp's earnings per share, from $1.42 in 2020 to $1.69 in 2023. This positive earnings growth provides income-seeking investors with optimism, as it suggests potential for higher cash dividend payouts in the future.</p>
<h3>Recap</h3>
<p>This article takes an in-depth look at Horizon Bancorp's recent dividend payout and its implications for shareholders. The company is currently distributing a dividend of $0.16 per share today, translating to an annualized dividend yield of 4.70%.</p>
<p>Horizon Bancorp's dividend yield falls in the middle range when compared to its industry peers, with Heritage Commerce having the highest annualized dividend yield at 5.59%.</p>
<p>With an increase in dividend per share and earnings per share from 2020 to 2023, Horizon Bancorp demonstrates a healthy financial status and is likely to maintain their dividend distribution to investors.</p>
<p>It is essential for investors to closely track the company's performance in the coming quarters to remain updated regarding any alterations in financials or dividend disbursements.</p>
<p>[See current stock movements Horizon Bancorp on Benzinga.](https://www.benzinga.com/quote/<b>Horizon Bancorp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hbnc#NASDAQ">HBNC</a>)</b>)</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Empowering Shareholders with Growth: Horizon Bancorp Enhances Performance and Reports Rising Profits

<p>Raymond James  analyst David Feaster   maintains Heritage Commerce (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTBK#NASDAQ">HTBK</a>) with a Outperform and raises the price target from $9.5 to $11.</p>


Raymond James Maintains Outperform on Heritage Commerce, Raises Price Target to $11

Piper Sandler analyst Andrew Liesch maintained a Buy rating on Heritage Commerce (HTBK – Research Report) today and set a price target of $12.00. T...

Piper Sandler Sticks to Its Buy Rating for Heritage Commerce (HTBK)

Warning: HTBK is at high risk of performing badly

Heritage Commerce names Thomas Sa COO

Heritage Commerce ( ($HTBK) ) has provided an update. Heritage Commerce Corp has announced the appointment of Thomas A. Sa as the new Chief Operati...

Heritage Commerce Names Thomas A. Sa New COO

Reports Q3 NII $39.9M vs. $45.4M last year. "The highlight of the third quarter of 2024 was significant deposit growth from our clients throughout ...

Heritage Commerce reports Q3 EPS 17c, consensus 17c

Heritage Commerce GAAP EPS of $0.17, revenue of $42.15M

Heritage Commerce declares $0.13 dividend

In a report released today, Gary Tenner from D.A. Davidson maintained a Buy rating on Heritage Commerce (HTBK – Research Report), with a price targ...

D.A. Davidson Reaffirms Their Buy Rating on Heritage Commerce (HTBK)

Heritage Commerce (HTBK) announced that executive VP and CFO Lawrence McGovern is expected to depart the company in February 2025. Thomas Sa, who c...

Heritage Commerce CFO Lawrence McGovern to depart

Heritage Commerce ( ($HTBK) ) has shared an update. Heritage Commerce Corp announced the upcoming departure of CFO Lawrence D. McGovern and the int...

Heritage Commerce Announces CFO Transition Plan

Press Releases

Heritage Commerce Corp Awarded the Twelfth Annual Raymond James Community Bankers Cup

KBRA Affirms Ratings for Heritage Commerce Corp

Heritage Commerce Corp Reports Increased Average Loans and Average Deposits and Enhanced Credit Quality

Heritage Commerce Corp Declares Regular Quarterly Cash Dividend of $0.13 Per Share

Heritage Commerce Corp Announces $15 Million Share Repurchase

Ranson W. Webster to Retire from Heritage Commerce Corp Board of Directors and Julianne M. Biagini-Komas to be named Vice Chair of Board

Heritage Commerce Corp and Heritage Bank of Commerce Announce Appointment of New Chief Operating Officer Thomas A. Sa

Heritage Commerce Corp Reports Client Deposit Growth of 6% in the Third Quarter of 2024

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