Heritage Commerce Corp (HTBK) Earns Media Sentiment Score of 0.05
Media headlines about Heritage Commerce Corp (NASDAQ:HTBK) have been trending somewhat positive recently, according to Accern Sentiment. Accern scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Heritage Commerce Corp earned a media sentiment score of 0.05 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 46.8571197649551 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Why Your First Marketing Hire Should Be A Creative (forbes.com)
- Can Vietnam become a global tech hub? (forbesindia.com)
- Future Retail studies merger options with HyperCity (retail.economictimes.indiatimes.com)
- Heritage Commerce Corp. : HTBK-US: Dividend Analysis : August 10th, 2017 (record date) : By the numbers : September 11, 2017 (finance.yahoo.com)
- Kohl’s To Open Amazon Shops Inside Some Of Its Stores (detroit.cbslocal.com)
Several research firms have commented on HTBK. Zacks Investment Research downgraded shares of Heritage Commerce Corp from a “hold” rating to a “sell” rating in a report on Monday, July 3rd. ValuEngine raised shares of Heritage Commerce Corp from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th. Brean Capital reissued a “buy” rating on shares of Heritage Commerce Corp in a report on Thursday, August 3rd. Finally, BidaskClub downgraded shares of Heritage Commerce Corp from a “hold” rating to a “sell” rating in a report on Friday, July 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $15.50.
Heritage Commerce Corp (NASDAQ:HTBK) traded up 2.31% on Tuesday, hitting $13.72. 46,308 shares of the company traded hands. The firm’s 50 day moving average price is $13.56 and its 200 day moving average price is $13.79. The firm has a market capitalization of $523.14 million, a PE ratio of 18.82 and a beta of 0.51. Heritage Commerce Corp has a 1-year low of $10.23 and a 1-year high of $14.87.
Heritage Commerce Corp (NASDAQ:HTBK) last posted its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.19 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.19. Heritage Commerce Corp had a return on equity of 10.61% and a net margin of 25.75%. The company had revenue of $27.23 million for the quarter, compared to analysts’ expectations of $27.90 million. Equities research analysts predict that Heritage Commerce Corp will post $0.78 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date was Tuesday, August 8th. Heritage Commerce Corp’s payout ratio is 54.79%.
In other news, Director J Philip Dinapoli acquired 5,000 shares of Heritage Commerce Corp stock in a transaction on Thursday, August 10th. The shares were acquired at an average price of $13.53 per share, with a total value of $67,650.00. Following the purchase, the director now directly owns 163,376 shares in the company, valued at approximately $2,210,477.28. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Komas Julianne M. Biagini sold 3,650 shares of Heritage Commerce Corp stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $13.65, for a total value of $49,822.50. Following the completion of the sale, the director now directly owns 25,696 shares in the company, valued at approximately $350,750.40. The disclosure for this sale can be found here. Insiders own 5.69% of the company’s stock.
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About Heritage Commerce Corp
Heritage Commerce Corp is a bank holding company. The Company, through its subsidiary Heritage Bank of Commerce (the Bank), provides a range of banking services. The Bank is a California state-chartered multi-community independent bank that offers a range of commercial banking services to small and medium-sized businesses and their owners, managers and employees.
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