Profile
Sector:
Financial ServicesIndustry:
Banks - RegionalCountry:
United StatesIPO:
20 July 1998Next earnings report:
26 July 2024Last dividends:
08 May 2024Next dividends:
N/APrice
after hours | Mon, 01 Jul 2024 20:20:44 GMTAnalysts recommendations
Institutional Ownership
Included in screeners
HTBK Latest News
SAN JOSE, Calif., May 20, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ: HTBK) (the "Company"), parent company of Heritage Bank of Commerce (the "Bank"), has been awarded the 2023 Raymond James Community Bankers Cup as one of the top 10% of community banks in the United States. Winners are recognized for demonstrating superior performance in various measurements of financial performance and stability. This marks the fifth time that the Company has earned this recognition.
While the revenue and EPS of Heritage Commerce (HTBK) provide insight into its performance in the quarter ending March 2024, it may be beneficial to analyze how certain important metrics stack up against Wall Street forecasts and figures from the previous year.
Heritage Commerce reported quarterly earnings of $0.17 per share, falling short of the Zacks Consensus Estimate of $0.19 per share. This is lower than the earnings of $0.31 per share from the same period last year.
The headline numbers for Heritage Commerce (HTBK) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Heritage Commerce (HTBK) came out with quarterly earnings of $0.22 per share, missing the Zacks Consensus Estimate of $0.24 per share. This compares to earnings of $0.34 per share a year ago.
Heritage Commerce (HTBK) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
While the top- and bottom-line numbers for Heritage Commerce (HTBK) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Heritage Commerce (HTBK) came out with quarterly earnings of $0.26 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.30 per share a year ago.
To gain an advantage in the markets, you have to be contrarian. That might mean looking into undervalued stocks to buy under $10, as these are often ignored by market participants leading to significant valuation dislocations.
The headline numbers for Heritage Commerce (HTBK) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
What type of business is Heritage Commerce?
Heritage Commerce Corp operates as the bank holding company for Heritage Bank of Commerce that provides various commercial and personal banking services to residents and the business/professional community in California. Its deposit products for business banking and retail markets include interest and non-interest bearing demand, savings, and money market accounts, as well as certificates of deposit and time deposits. The company's loan portfolio comprises commercial loans, such as operating secured and unsecured loans advanced for working capital, equipment purchases, and other business purposes; commercial real estate loans; commercial construction loans for rental properties, commercial buildings, and homes; small business administration loans; home equity lines of credit; multifamily loans on residential properties; residential mortgage loans; and consumer loans consisting of loans for financing automobiles, various consumer goods, and other personal purposes. In addition, it offers other banking services, including cashier's checks, bank by mail, night depositories, safe deposit boxes, direct deposit, automated payroll, electronic funds transfer, online bill pay, homeowner association, remote deposit capture, automated clearing house origination, electronic data interchange, and check imaging services, as well as other customary banking, factoring financing, and electronic banking services. The company operates through 17 full-service branch offices located in the general San Francisco Bay Area of California. Heritage Commerce Corp was founded in 1994 and is headquartered in San Jose, California.
What sector is Heritage Commerce in?
Heritage Commerce is in the Financial Services sector
What industry is Heritage Commerce in?
Heritage Commerce is in the Banks - Regional industry
What country is Heritage Commerce from?
Heritage Commerce is headquartered in United States
When did Heritage Commerce go public?
Heritage Commerce initial public offering (IPO) was on 20 July 1998
What is Heritage Commerce website?
https://www.heritagecommercecorp.com
Is Heritage Commerce in the S&P 500?
No, Heritage Commerce is not included in the S&P 500 index
Is Heritage Commerce in the NASDAQ 100?
No, Heritage Commerce is not included in the NASDAQ 100 index
Is Heritage Commerce in the Dow Jones?
No, Heritage Commerce is not included in the Dow Jones index
When does Heritage Commerce report earnings?
The next expected earnings date for Heritage Commerce is 26 July 2024