HTBK News and Press, Heritage Commerce Corp From 06/27/23

2023-06-27 11:39:42 ET Summary Heritage Commerce remains oversold compared to its peers due to the US regional banking crisis, making it a potential long-term value recovery play. Despite the downturn in HTBK's stock, the bank has shown minimal unrealized losses on the balance she...

SAN JOSE, Calif., June 15, 2023 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ: HTBK) (the "Company"), parent of Heritage Bank of Commerce (the "Bank"), today announced that Margo Butsch will be retiring from her position as Executive Vice President and Chief Credit Officer, after eight ...

2023-06-15 10:35:45 ET Summary Subdued loan growth and a stable margin will help earnings continue to trend upward this year. HTBK’s risk level is elevated due to its location, uninsured deposits, and office exposure. HTBK is offering a high dividend yield of 6.2%. Ther...

SAN JOSE, Calif., June 07, 2023 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ: HTBK) (the "Company"), parent of Heritage Bank of Commerce (the "Bank"), has been awarded the 2022 Raymond James Community Bankers Cup, which recognizes the top 10% of community banks in the nation based on variou...

2023-06-03 02:54:00 ET Summary May 2023 totaled $1,328.67 in dividend income for the month. Dividend increases from companies such as Leggett & Platt, LyondellBasell, and Broadstone Net Lease contributed to the growth in passive dividend income. In total, the dividend incr...

2023-04-27 17:04:33 ET Heritage Commerce press release ( NASDAQ: HTBK ): Q1 GAAP EPS of $0.31 beats by $0.01 . Revenue of $52.02M (+27.9% Y/Y) misses by $0.66M . For further details see: Heritage Commerce GAAP EPS of $0.31 beats by $0.01, revenue of $52.0...

2023-03-20 11:23:24 ET Summary The recent turmoil in the banking industry with high-profile bank failures has cast a shadow. Regional banks have traded lower as a category. Bargains may be found on the market. Heritage Commerce Corp is an exceptionally well capitalized regional ba...

Heritage Commerce press release ( NASDAQ: HTBK ): Q4 GAAP EPS of $0.34 in-line. Revenue of $54.51M (+33.2% Y/Y) misses by $0.07M . For further details see: Heritage Commerce GAAP EPS of $0.34 in-line, revenue of $54.51M misses by $0.07M

Summary Thanks to the large balance of non-interest-bearing deposits, the top line is quite sensitive to interest rate changes. The economy of the San Francisco Bay area will play a key role in loan growth. The December 2023 target price suggests a high upside from the current marke...

Summary November finished off on another positive note, thanks to the Fed discussing a softer approach to interest rates. The S&P 500 is still north of 4,000 for consecutive weeks. In total, the retirement accounts brought in a total dividend income amount of $346.95 or 29% of the d...