Revenue Update on Heritage Commerce Corp.(NASDAQ:HTBK)

Heritage Commerce Corp.(NASDAQ:HTBK) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $26.40M. Analysts estimated a revenue of $23.17M. Earnings per share were $0.19. Analysts had estimated an EPS of $0.18.

Heritage Commerce Corp. (HTBK) made into the market gainers list on Thursdays trading session with the shares advancing 0.85% or 0.09 points. Due to strong positive momentum, the stock ended at $10.73, which is also near the day’s high of $10.86. The stock began the session at $10.69 and the volume stood at 12,890 shares. The 52-week high of the shares is $12.38 and the 52 week low is $8.8401. The company has a current market capitalization of $345 M and it has 3,21,70,920 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 7, 2016, J Philip Dinapoli (director) purchased 1,000 shares at $10.78 per share price.Also, On May 25, 2016, Michael Eugene Benito (EVP) sold 540 shares at $10.00 per share price.On May 10, 2016, David Porter (EVP/CCO) sold 1,800 shares at $10.45 per share price, according to the Form-4 filing with the securities and exchange commission.

Heritage Commerce Corp is a bank holding company. The Company through its wholly owned subsidiary Heritage Bank of Commerce (HBC or the Bank) provides a range of banking services. HBC is a California state-chartered multi-community independent bank that offers a range of commercial banking services to small and medium-sized businesses and their owners managers and employees. The Company operates through 11 full-service branch offices located entirely in the southern and eastern regions of the general San Francisco Bay Area of California in the counties of Santa Clara Alameda Contra Costa and San Benito. The Company offers arrange of lending and deposit services. The Company’s subsidiary BVF/CSNK Acquisition Corp. (Bay View Funding or BVF) provides business-essential working capital factoring financing to various industries across the United States.

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