Heritage Commerce Q1 2024 GAAP EPS $0.17 Misses $0.18 Estimate, Sales $42.140M Miss $42.284M Estimate

4/26/24 3:00:45 AM ET

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Heritage Commerce (NASDAQ:HTBK) reported quarterly earnings of $0.17 per share which missed the analyst consensus estimate of $0.18 by 5.56 percent. This is a 45.16 percent decrease over earnings of $0.31 per share from the same period last year. The company reported quarterly sales of $42.140 million which missed the analyst consensus estimate of $42.284 million by 0.34 percent. This is a 19.00 percent decrease over sales of $52.024 million the same period last year.

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Recent Analyst Ratings for
$HTBK

Date	Price Target	Rating	Analyst
8/11/2023	$10.00	Overweight → Equal-Weight	Stephens
10/31/2022	$13.00 → $15.00	Strong Buy → Outperform	Raymond James
12/28/2021	$13.50	Overweight	Stephens
12/15/2021	$13.50	Neutral → Buy	DA Davidson

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Heritage Commerce Corp Declares Regular Quarterly Cash Dividend of $0.13 Per Share
SAN JOSE, Calif., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ:HTBK), the holding company for Heritage Bank of Commerce (the "Bank"), today announced that its Board of Directors had declared its regular quarterly cash dividend of $0.13 per share to holders of its common stock. The dividend will be payable on November 21, 2024, to shareholders of record at the close of the business day on November 7, 2024. Heritage Commerce Corp has paid a cash dividend each quarter since 2013. "We are committed to providing returns to our shareholders through consistent quarterly cash dividends," said Clay Jones, President and Chief Executive Officer. Heritage Commerce Corp, a bank ho
10/24/24 6:02:44 PM ET
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Heritage Commerce Corp Declares Regular Quarterly Cash Dividend of $0.13 Per Share
SAN JOSE, Calif., July 25, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ:HTBK), the holding company for Heritage Bank of Commerce (the "Bank"), today announced that its Board of Directors had declared its regular quarterly cash dividend of $0.13 per share to holders of its common stock. The dividend will be payable on August 22, 2024, to shareholders of record at the close of the business day on August 8, 2024. Heritage Commerce Corp has paid a cash dividend each quarter since 2013. "The Board of Directors of Heritage Commerce Corp announced a $0.13 per share quarterly cash dividend to holders of its common stock, as a result of another profitable quarter," said Mr. Clay Jones,
7/25/24 6:36:33 PM ET
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Heritage Commerce Corp Reports Increased Average Loans and Average Deposits and Enhanced Credit Quality
SAN JOSE, Calif., July 25, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ:HTBK), (the "Company"), the holding company for Heritage Bank of Commerce (the "Bank"), today announced that its second quarter 2024 net income was $9.2 million, or $0.15 per average diluted common share, compared to $10.2 million, or $0.17 per average diluted common share, for the first quarter of 2024, and $16.4 million, or $0.27 per average diluted common share, for the second quarter of 2023. For the six months ended June 30, 2024, net income was $19.4 million, or $0.32 per average diluted common share, compared to $35.3 million, or $0.58 per average diluted common share, for the six months ended June 30
7/25/24 6:34:53 PM ET
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Heritage Commerce Corp Declares Regular Quarterly Cash Dividend of $0.13 Per Share
SAN JOSE, Calif., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ:HTBK), the holding company for Heritage Bank of Commerce (the "Bank"), today announced that its Board of Directors had declared its regular quarterly cash dividend of $0.13 per share to holders of its common stock. The dividend will be payable on November 21, 2024, to shareholders of record at the close of the business day on November 7, 2024. Heritage Commerce Corp has paid a cash dividend each quarter since 2013. "We are committed to providing returns to our shareholders through consistent quarterly cash dividends," said Clay Jones, President and Chief Executive Officer. Heritage Commerce Corp, a bank ho
10/24/24 6:02:44 PM ET
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Heritage Commerce Corp Reports Client Deposit Growth of 6% in the Third Quarter of 2024
SAN JOSE, Calif., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ:HTBK), (the "Company"), the holding company for Heritage Bank of Commerce (the "Bank"), today announced that its third quarter 2024 net income was $10.5 million, or $0.17 per average diluted common share, compared to $9.2 million, or $0.15 per average diluted common share, for the second quarter of 2024, and $15.8 million, or $0.26 per average diluted common share, for the third quarter of 2023. For the nine months ended September 30, 2024, net income was $29.9 million, or $0.49 per average diluted common share, compared to $51.1 million, or $0.83 per average diluted common share, for the nine months ended S
10/24/24 6:00:59 PM ET
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Heritage Commerce Corp and Heritage Bank of Commerce Announce Appointment of New Chief Operating Officer Thomas A. Sa
SAN JOSE, Calif., Oct. 02, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ:HTBK) ("Company"), parent company of Heritage Bank of Commerce ("Bank"), today announced the appointment of Thomas A. Sa as the Chief Operating Officer ("COO") of the Company and the Bank. As COO, Mr. Sa will report directly to Chief Executive Officer ("CEO") Robertson "Clay" Jones and will have primary responsibility for banking operations, risk management, and information technology systems. Mr. Sa had previously served as President, Chief Operating Officer and Chief Financial Officer of California BanCorp and its subsidiary, California Bank of Commerce, which merged with Southern California Bancorp in J
10/2/24 4:30:38 PM ET
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Heritage Commerce Corp Reports Client Deposit Growth of 6% in the Third Quarter of 2024
SAN JOSE, Calif., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ:HTBK), (the "Company"), the holding company for Heritage Bank of Commerce (the "Bank"), today announced that its third quarter 2024 net income was $10.5 million, or $0.17 per average diluted common share, compared to $9.2 million, or $0.15 per average diluted common share, for the second quarter of 2024, and $15.8 million, or $0.26 per average diluted common share, for the third quarter of 2023. For the nine months ended September 30, 2024, net income was $29.9 million, or $0.49 per average diluted common share, compared to $51.1 million, or $0.83 per average diluted common share, for the nine months ended S
10/24/24 6:00:59 PM ET
$HTBK
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Heritage Commerce Corp and Heritage Bank of Commerce Announce Appointment of New Chief Operating Officer Thomas A. Sa
SAN JOSE, Calif., Oct. 02, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ:HTBK) ("Company"), parent company of Heritage Bank of Commerce ("Bank"), today announced the appointment of Thomas A. Sa as the Chief Operating Officer ("COO") of the Company and the Bank. As COO, Mr. Sa will report directly to Chief Executive Officer ("CEO") Robertson "Clay" Jones and will have primary responsibility for banking operations, risk management, and information technology systems. Mr. Sa had previously served as President, Chief Operating Officer and Chief Financial Officer of California BanCorp and its subsidiary, California Bank of Commerce, which merged with Southern California Bancorp in J
10/2/24 4:30:38 PM ET
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Heritage Bank of Commerce Hires Chris Edmonds-Waters as Chief People and Culture Officer
SAN JOSE, Calif., May 06, 2024 (GLOBE NEWSWIRE) -- Heritage Bank of Commerce (the "Bank"), a subsidiary of Heritage Commerce Corp (NASDAQ:HTBK), today announced the appointment of Chris Edmonds-Waters, as Executive Vice President, Chief People and Culture Officer, effective April 30, 2024. With over three decades of dedicated experience in Human Resources, Chris Edmonds-Waters brings an excellent track record of preparing the workforce for organizational growth, while optimizing the impact of a values-driven culture in attracting and retaining top talent. Throughout his career, Mr. Edmonds-Waters has demonstrated a remarkable ability to align human resources strategies with overarching
5/6/24 9:00:25 AM ET
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Heritage Commerce Q1 2024 GAAP EPS $0.17 Misses $0.18 Estimate, Sales $42.140M Miss $42.284M Estimate

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Recent Analyst Ratings for $HTBK

$HTBK Financials

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Heritage Commerce Corp Declares Regular Quarterly Cash Dividend of $0.13 Per Share

Heritage Commerce Corp Declares Regular Quarterly Cash Dividend of $0.13 Per Share

Heritage Commerce Corp Reports Increased Average Loans and Average Deposits and Enhanced Credit Quality

$HTBK SEC Filings

SEC Form 10-Q filed by Heritage Commerce Corp

Heritage Commerce Corp filed SEC Form 8-K: Results of Operations and Financial Condition, Other Events, Financial Statements and Exhibits

SEC Form 8-K filed by Heritage Commerce Corp

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$HTBK Large Ownership Changes

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New insider Sa Thomas A claimed no ownership of stock in the company (SEC Form 3)

SEC Form 4 filed by Edmonds-Waters Christopher

SEC Form 3 filed by new insider Edmonds-Waters Christopher

SEC Form SC 13G filed by Heritage Commerce Corp

SEC Form SC 13G filed by Heritage Commerce Corp

SEC Form SC 13G/A filed by Heritage Commerce Corp (Amendment)

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Heritage Commerce Corp. downgraded by Stephens with a new price target

Heritage Commerce Corp. downgraded by Raymond James with a new price target

Stephens initiated coverage on Heritage Commerce Corp. with a new price target

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Piper Sandler Maintains Overweight on Heritage Commerce, Lowers Price Target to $10