Heritage Commerce (NASDAQ:HTBK) Issues Quarterly Earnings Results, Meets Estimates

Heritage Commerce (NASDAQ:HTBK) posted its quarterly earnings results on Thursday. The financial services provider reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17, Zacks reports. Heritage Commerce had a return on equity of 6.37% and a net margin of 17.61%.

Heritage Commerce Trading Up 0.8 %

NASDAQ:HTBK traded up $0.07 during trading hours on Thursday, hitting $9.19. The stock had a trading volume of 309,596 shares, compared to its average volume of 318,769. The business’s 50 day moving average is $9.89 and its 200-day moving average is $9.87. The company 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 one year low of $7.66 and a one year high of $11.27. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.73 and a current ratio of 0.73.

Wall Street Analyst Weigh In

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

About 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.