In last trading session, Heritage Commerce Corp (NASDAQ:HTBK) saw 0.87 million shares changing hands with its beta currently measuring 0.77. Company’s recent per share price level of $9.79 trading at $0.02 or 0.20% at ring of the bell on the day assigns it a market valuation of $603.02M. That closing price of HTBK’s stock is at a discount of -15.12% from its 52-week high price of $11.27 and is indicating a premium of 17.36% from its 52-week low price of $8.09. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.44 million shares which gives us an average trading volume of 342.73K if we extend that period to 3-months.
For Heritage Commerce Corp (HTBK), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.20. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
Heritage Commerce Corp (NASDAQ:HTBK) trade information
Upright in the green during last session for gaining 0.20%, in the last five days HTBK remained trading in the green while hitting it’s week-highest on Friday, 06/27/25 when the stock touched $9.79 price level, adding 0.91% to its value on the day. Heritage Commerce Corp’s shares saw a change of 23.61% in year-to-date performance and have moved 5.27% in past 5-day. Heritage Commerce Corp (NASDAQ:HTBK) showed a performance of 7.23% in past 30-days. Number of shares sold short was 1.28 million shares which calculate 3.74 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 10 to the stock, which implies a rise of 2.1% to its current value. Analysts have been projecting 10 as a low price target for the stock while placing it at a high target of 10. It follows that stock’s current price would drop -2.15% in reaching the projected high whereas dropping to the targeted low would mean a loss of -2.15% for stock’s current value.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -4.85% during past 5 years.
HTBK Dividends
Heritage Commerce Corp is more likely to be releasing its next quarterly report on 2025-Apr-24 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 5.31%, the share has a forward dividend of 0.52 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 5.36%.
Heritage Commerce Corp (NASDAQ:HTBK)’s Major holders
Insiders are in possession of 3.96% of company’s total shares while institution are holding 78.31 percent of that, with stock having share float percentage of 81.53%. Investors also watch the number of corporate investors in a company very closely, which is 78.31% institutions for Heritage Commerce Corp that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at HTBK for having 8.28 million shares of worth $72.02 million. And as of 2024-06-30, it was holding 13.5092 of the company’s outstanding shares.
The second largest institutional holder is FJ CAPITAL MANAGEMENT LLC, which was holding about 5.99 million shares on 2024-06-30. The number of shares represents firm’s hold over 9.7744 of outstanding shares, having a total worth of $52.11 million.
