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SAN JOSE, CA - Heritage Commerce Corp (NASDAQ:HTBK), the parent company of Heritage Bank of Commerce, declared a quarterly cash dividend of $0.13 per share, offering an attractive 5.73% yield. The dividend is set to be distributed on May 22 to stockholders on record as of May 8. According to InvestingPro data, the company has maintained dividend payments for 13 consecutive years, demonstrating strong commitment to shareholder returns.
The company, currently valued at $562 million market cap and trading at an attractive Price-to-Book ratio of 0.81, operates Heritage Bank of Commerce with branches across California. Heritage Bank, established in 1994, serves a diverse clientele through its full-service branches in numerous locations including San Jose, San Francisco, and Oakland. It holds the status of an SBA Preferred Lender, reflecting its significant role in small business financing. Five analysts have recently revised their earnings estimates upward, suggesting positive momentum. Unlock more valuable insights and 12+ additional ProTips with InvestingPro.
In addition to its banking services, Heritage Commerce Corp owns Bay View Funding, a subsidiary that offers working capital factoring financing to a variety of industries across the United States. The company maintains a healthy P/E ratio of 13.7 and has remained profitable over the last twelve months.
This announcement is based on a press release statement from Heritage Commerce Corp and does not incorporate any information from the company’s website or SEC filings.
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