Heritage Commerce (NASDAQ:HTBK) is set to release its earnings data after the market closes on Wednesday, January 24th. Analysts expect Heritage Commerce to post earnings of $0.21 per share for the quarter.

Heritage Commerce (NASDAQ:HTBK) last issued its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. Heritage Commerce had a net margin of 26.40% and a return on equity of 11.15%. The business had revenue of $28.78 million during the quarter, compared to analysts’ expectations of $28.70 million. On average, analysts expect Heritage Commerce to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Heritage Commerce (HTBK) opened at $16.50 on Wednesday. Heritage Commerce has a 52 week low of $12.76 and a 52 week high of $16.80. The company has a market cap of $630.28, a price-to-earnings ratio of 21.43, a price-to-earnings-growth ratio of 1.62 and a beta of 0.51. The company has a quick ratio of 0.76, a current ratio of 0.77 and a debt-to-equity ratio of 0.14.

A number of equities analysts have commented on HTBK shares. Brean Capital reissued a “buy” rating on shares of Heritage Commerce in a research note on Tuesday, January 2nd. Zacks Investment Research raised shares of Heritage Commerce from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Wednesday, September 27th. BidaskClub raised shares of Heritage Commerce from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Finally, ValuEngine cut shares of Heritage Commerce from a “buy” rating to a “hold” rating in a research note on Saturday, December 9th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Heritage Commerce currently has a consensus rating of “Hold” and a consensus target price of $16.67.

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Heritage Commerce Company Profile

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 for Heritage Commerce (NASDAQ:HTBK)

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