Heritage Commerce (NASDAQ:HTBK) Issues Earnings Results, Hits Estimates

Heritage Commerce (NASDAQ:HTBK) issued its quarterly earnings data on Thursday. The financial services provider reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17, Zacks reports. Heritage Commerce had a net margin of 17.61% and a return on equity of 6.37%.

Heritage Commerce Price Performance

NASDAQ:HTBK traded up $0.07 on Thursday, reaching $9.19. 309,596 shares of the company’s stock traded hands, compared to its average volume of 318,769. The firm has a market cap of $563.35 million, a PE ratio of 12.94 and a beta of 0.96. The stock has a 50-day simple moving average of $9.89 and a 200-day simple moving average of $9.87. Heritage Commerce has a 12 month low of $7.66 and a 12 month high of $11.27. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.06.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Heritage Commerce from a “sell” rating to a “hold” rating in a research report on Wednesday, December 4th.

About Heritage Commerce

Heritage Commerce Corp operates as the bank holding company for Heritage Bank of Commerce that provides various commercial and personal banking services to residents and the business/professional community in California. Its deposit products for business banking and retail markets include interest and non-interest-bearing demand, savings, and money market accounts, as well as certificates of deposit and time deposits.