Heritage Commerce (NASDAQ:HTBK) Issues Quarterly Earnings Results

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

Heritage Commerce Stock Up 0.8 %

NASDAQ:HTBK traded up $0.07 during midday trading on Thursday, reaching $9.19. 309,596 shares of the stock traded hands, compared to its average volume of 318,769. The stock has a market capitalization of $563.35 million, a PE 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 has a debt-to-equity ratio of 0.06, a quick ratio of 0.73 and a current ratio of 0.73. The business has a 50-day moving average of $9.89 and a two-hundred day moving average of $9.87.

Analysts Set New Price Targets

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