Heritage Commerce Corp (HTBK) to Issue Quarterly Dividend of $0.13 on November 20th

Heritage Commerce Corp (NASDAQ:HTBK) announced a quarterly dividend on Thursday, October 23rd. Stockholders of record on Thursday, November 6th will be paid a dividend of 0.13 per share by the financial services provider on Thursday, November 20th. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date is Thursday, November 6th.

Heritage Commerce has increased its dividend by an average of 0.0%annually over the last three years. Heritage Commerce has a dividend payout ratio of 60.5% meaning its dividend is sufficiently covered by earnings. 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 Performance

Shares of NASDAQ HTBK opened at $10.59 on Tuesday. The company has a market cap of $650.72 million, a PE ratio of 15.13 and a beta of 0.85. Heritage Commerce has a 12 month low of $8.09 and a 12 month high of $11.27. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.77 and a quick ratio of 0.77. The company has a 50-day simple moving average of $10.10 and a 200-day simple moving average of $9.77.

Heritage Commerce (NASDAQ:HTBK) last issued its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.03. Heritage Commerce had a net margin of 16.31% and a return on equity of 7.20%. The business had revenue of $50.01 million during the quarter, compared to the consensus estimate of $48.90 million. On average, equities analysts anticipate that Heritage Commerce will post 0.8 earnings per share for the current year.

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.