Heritage Commerce Corp Announces Quarterly Dividend of $0.13 (NASDAQ:HTBK)

Posted by Don Miller on Jan 24th, 2025

Heritage Commerce Corp (NASDAQ:HTBK – Get Free Report) declared a quarterly dividend on Thursday, January 23rd,RTT News reports. Shareholders of record on Thursday, February 6th will be paid a dividend of 0.13 per share by the financial services provider on Thursday, February 20th. This represents a $0.52 dividend on an annualized basis and a yield of 5.66%.

Heritage Commerce has a payout ratio of 63.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Heritage Commerce to earn $0.72 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 72.2%.

Heritage Commerce Trading Up 0.8 %

Shares of NASDAQ:HTBK opened at $9.19 on Friday. The firm has a market cap of $563.35 million, a price-to-earnings ratio of 12.94 and a beta of 0.96. Heritage Commerce has a 12 month low of $7.66 and a 12 month high of $11.27. The company’s fifty day simple moving average is $9.86 and its 200 day simple moving average is $9.87. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.06.

Heritage Commerce (NASDAQ:HTBK – Get Free Report) last released its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.17. Heritage Commerce had a return on equity of 6.37% and a net margin of 17.61%. As a group, research analysts forecast that Heritage Commerce will post 0.66 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Heritage Commerce from a “sell” rating to a “hold” rating in a research note on Wednesday, December 4th.

Read Our Latest Research Report on HTBK

Heritage Commerce Company Profile

(Get Free Report)

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.