News coverage about Heritage Commerce (NASDAQ:HTBK) has been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Heritage Commerce earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 46.3329284119399 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the headlines that may have effected Accern Sentiment’s analysis:
- Heritage Commerce Corp. (HTBK) Expected to Post Quarterly Sales of $29.45 Million (americanbankingnews.com)
- This week’s Business Calendar (March 12-April 11) (mcall.com)
- Neimans ‘Stabilizing’ on Significant Online Gains (sourcingjournalonline.com)
- Trump Tariffs Cost 5 Jobs for Single Job Gained, Analysis Finds (dailysignal.com)
- Artificial intelligence, blockchain and e-commerce – how tech is disrupting the art world (scmp.com)
HTBK has been the topic of a number of research reports. BidaskClub upgraded shares of Heritage Commerce from a “sell” rating to a “hold” rating in a research note on Saturday, February 24th. Brean Capital reissued a “buy” rating on shares of Heritage Commerce in a report on Tuesday, January 2nd. Zacks Investment Research downgraded shares of Heritage Commerce from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 17th. DA Davidson raised shares of Heritage Commerce from a “neutral” rating to a “buy” rating in a report on Monday, February 12th. Finally, ValuEngine downgraded shares of Heritage Commerce from a “buy” rating to a “hold” rating in a report on Saturday, December 9th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Heritage Commerce has a consensus rating of “Hold” and a consensus price target of $17.25.
Heritage Commerce (NASDAQ:HTBK) last posted its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.01). The business had revenue of $29.01 million during the quarter, compared to the consensus estimate of $29.65 million. Heritage Commerce had a net margin of 20.56% and a return on equity of 11.48%. research analysts forecast that Heritage Commerce will post 1.02 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date was Wednesday, February 7th. This is an increase from Heritage Commerce’s previous quarterly dividend of $0.10. Heritage Commerce’s dividend payout ratio is 70.97%.
In other news, Director Jack W. Conner sold 24,500 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $15.47, for a total transaction of $379,015.00. Following the completion of the sale, the director now owns 83,324 shares of the company’s stock, valued at approximately $1,289,022.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.69% of the company’s stock.
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About Heritage Commerce
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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