Heritage Commerce Corp (NASDAQ:HTBK – Get 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.
About Heritage Commerce
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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