worth buying post Earnings results? Heritage Commerce (NASDAQ:HTBK)

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Earnings results for Heritage Commerce (NASDAQ:HTBK)

Heritage Commerce Corp is estimated to report earnings on 10/22/2020. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. According to Zacks Investment Research, based on 5 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.17. The reported EPS for the same quarter last year was $0.28.

Heritage Commerce last announced its quarterly earnings results on July 23rd, 2020. The financial services provider reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.06. The business earned $37.02 million during the quarter, compared to the consensus estimate of $38.46 million. Heritage Commerce has generated $1.07 earnings per share over the last year and currently has a price-to-earnings ratio of 12.8. Heritage Commerce has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Thursday, October 22nd, 2020 based off prior year’s report dates.

Analyst Opinion on Heritage Commerce (NASDAQ:HTBK)

5 Wall Street analysts have issued ratings and price targets for Heritage Commerce in the last 12 months. Their average twelve-month price target is $10.50, predicting that the stock has a possible upside of 44.23%. The high price target for HTBK is $15.00 and the low price target for HTBK is $8.00. There are currently 5 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Heritage Commerce has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 5 buy ratings, no hold ratings, and no sell ratings. According to analysts’ consensus price target of $10.50, Heritage Commerce has a forecasted upside of 44.2% from its current price of $7.28. Heritage Commerce has only been the subject of 2 research reports in the past 90 days.

Dividend Strength: Heritage Commerce (NASDAQ:HTBK)

Heritage Commerce is a leading dividend payer. It pays a dividend yield of 7.27%, putting its dividend yield in the top 25% of dividend-paying stocks. Heritage Commerce has only been increasing its dividend for 1 years. The dividend payout ratio of Heritage Commerce is 48.60%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, Heritage Commerce will have a dividend payout ratio of 83.87% in the coming year. This indicates that Heritage Commerce may not be able to sustain their current dividend.

Insiders buying/selling: Heritage Commerce (NASDAQ:HTBK)

In the past three months, Heritage Commerce insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $42,562.00 in company stock. Only 4.30% of the stock of Heritage Commerce is held by insiders. 70.24% of the stock of Heritage Commerce is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Heritage Commerce (NASDAQ:HTBK

Earnings for Heritage Commerce are expected to grow by 1.64% in the coming year, from $0.61 to $0.62 per share. The P/E ratio of Heritage Commerce is 12.77, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 19.48. The P/E ratio of Heritage Commerce is 12.77, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 18.17. Heritage Commerce has a P/B Ratio of 0.75. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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