Heritage Commerce Corp (NASDAQ:HTBK) Announces Quarterly Dividend of $0.13

Heritage Commerce Corp (NASDAQ:HTBKGet Free Report) declared a quarterly dividend on Thursday, January 22nd. Investors of record on Thursday, February 5th will be paid a dividend of 0.13 per share by the financial services provider on Thursday, February 19th. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Thursday, February 5th.

Heritage Commerce has raised its dividend payment by an average of 0.0%annually over the last three years. Heritage Commerce has a payout ratio of 60.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Heritage Commerce to earn $0.90 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 57.8%.

Heritage Commerce Stock Down 1.1%

HTBK opened at $13.32 on Friday. The company has a market capitalization of $815.94 million, a P/E ratio of 19.02 and a beta of 0.80. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.75 and a quick ratio of 0.75. The firm’s fifty day moving average price is $11.88 and its two-hundred day moving average price is $10.70. Heritage Commerce has a fifty-two week low of $8.09 and a fifty-two week high of $13.64.

Heritage Commerce (NASDAQ:HTBKGet Free Report) last released its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.05. Heritage Commerce had a net margin of 16.31% and a return on equity of 7.18%. The company had revenue of $53.62 million during the quarter, compared to the consensus estimate of $50.78 million. On average, analysts anticipate that Heritage Commerce will post 0.8 EPS for the current year.

About Heritage Commerce

(Get Free Report)

Heritage Commerce Corporation, headquartered in Farmington Hills, Michigan, is the bank holding company for Heritage Bank, N.A., a community-oriented financial institution. Traded on NASDAQ under the symbol HTBK, the company focuses on delivering tailored banking services to businesses, professionals and individuals throughout Southeastern Michigan.

Heritage Bank, N.A. offers a comprehensive portfolio of deposit and lending products designed to meet the needs of commercial and consumer clients.

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Dividend History for Heritage Commerce (NASDAQ:HTBK)

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