Heritage Commerce Corp (NASDAQ:HTBK) – Research analysts at Brean Capital issued their FY2017 EPS estimates for shares of Heritage Commerce Corp in a research report issued on Monday. Brean Capital analyst B. Brantley expects that the financial services provider will earn $0.78 per share for the year. Brean Capital has a “Buy” rating on the stock. Brean Capital also issued estimates for Heritage Commerce Corp’s FY2018 earnings at $0.90 EPS.

Heritage Commerce Corp (NASDAQ:HTBK) last released its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.19 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.19. Heritage Commerce Corp had a net margin of 25.75% and a return on equity of 10.61%. The company had revenue of $27.23 million during the quarter, compared to the consensus estimate of $27.90 million.

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Other equities analysts have also issued reports about the stock. ValuEngine upgraded shares of Heritage Commerce Corp from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th. Zacks Investment Research upgraded shares of Heritage Commerce Corp from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, BidaskClub lowered shares of Heritage Commerce Corp from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $15.50.

Shares of Heritage Commerce Corp (NASDAQ:HTBK) opened at 13.41 on Thursday. The firm has a market capitalization of $511.32 million, a P/E ratio of 18.40 and a beta of 0.52. Heritage Commerce Corp has a 52-week low of $10.23 and a 52-week high of $14.87. The stock has a 50 day moving average of $13.73 and a 200-day moving average of $13.85.

The business also recently announced a quarterly dividend, which was paid on Thursday, August 24th. Investors of record on Thursday, August 10th were given a dividend of $0.10 per share. The ex-dividend date was Tuesday, August 8th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.98%. Heritage Commerce Corp’s dividend payout ratio is 54.79%.

In related news, Director J Philip Dinapoli bought 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The stock was purchased at an average price of $13.53 per share, for a total transaction of $67,650.00. Following the completion of the transaction, the director now owns 163,376 shares in the company, valued at $2,210,477.28. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Komas Julianne M. Biagini sold 3,650 shares of the company’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $13.65, for a total transaction of $49,822.50. Following the transaction, the director now owns 25,696 shares of the company’s stock, valued at approximately $350,750.40. The disclosure for this sale can be found here. 5.69% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of HTBK. Wellington Management Group LLP raised its position in shares of Heritage Commerce Corp by 19.5% in the first quarter. Wellington Management Group LLP now owns 3,597,197 shares of the financial services provider’s stock worth $50,720,000 after buying an additional 586,438 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Heritage Commerce Corp by 2.6% in the second quarter. The Manufacturers Life Insurance Company now owns 1,906,072 shares of the financial services provider’s stock worth $26,266,000 after buying an additional 47,941 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Heritage Commerce Corp by 7.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,569,841 shares of the financial services provider’s stock worth $21,633,000 after buying an additional 109,558 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Heritage Commerce Corp by 11.2% in the second quarter. Vanguard Group Inc. now owns 1,550,961 shares of the financial services provider’s stock worth $21,373,000 after buying an additional 155,957 shares in the last quarter. Finally, Westwood Holdings Group Inc. raised its position in shares of Heritage Commerce Corp by 31.6% in the second quarter. Westwood Holdings Group Inc. now owns 1,002,565 shares of the financial services provider’s stock worth $13,815,000 after buying an additional 240,467 shares in the last quarter. Hedge funds and other institutional investors own 69.47% of the company’s stock.

About Heritage Commerce Corp

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.

Earnings History and Estimates for Heritage Commerce Corp (NASDAQ:HTBK)

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