Heritage Commerce Corp reports results for the quarter ended December 31 - Earnings Summary

• Heritage Commerce Corp HTBK.OQ reported quarterly adjusted earnings of 17 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 22 cents. The mean expectation of six analysts for the quarter was for earnings of 17 cents per share. Wall Street expected results to range from 15 cents to 19 cents per share.

• Revenue rose 4.5% to $44.19 million from a year ago; analysts expected $41.51 million.

• Heritage Commerce Corp's reported EPS for the quarter was 17 cents​.

• The company reported quarterly net income of $10.62 million.

• Heritage Commerce Corp shares had fallen by 2.8% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the banks peer group is also "buy"

Wall Street's median 12-month price target for Heritage Commerce Corp is $12.00

This summary was machine generated from LSEG data January 23 at 11:27 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)