Analysts Offer Predictions for HTBK Q1 Earnings

Heritage Commerce Corp (NASDAQ:HTBK) – DA Davidson issued their Q1 2025 EPS estimates for Heritage Commerce in a research note issued to investors on Tuesday, January 28th. DA Davidson analyst G. Tenner expects that the financial services provider will post earnings of $0.18 per share for the quarter. The consensus estimate for Heritage Commerce’s current full-year earnings is $0.66 per share. DA Davidson also issued estimates for Heritage Commerce’s FY2025 earnings at $0.84 EPS.

Heritage Commerce (NASDAQ:HTBK) last announced its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.17 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.17. Heritage Commerce had a net margin of 17.61% and a return on equity of 6.37%.

A number of other research firms have also issued reports on HTBK. Stephens restated an “equal weight” rating and set a $11.00 price objective on shares of Heritage Commerce in a research report on Monday. StockNews.com raised shares of Heritage Commerce from a “sell” rating to a “hold” rating in a report on Wednesday, December 4th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Heritage Commerce from $12.50 to $11.50 and set an “outperform” rating on the stock in a report on Friday, January 24th.

Heritage Commerce Stock Up 1.9 %

NASDAQ:HTBK opened at $9.80 on Wednesday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.06. The stock has a 50 day moving average of $9.76 and a 200-day moving average of $9.90. The firm has a market capitalization of $600.74 million, a PE ratio of 13.80 and a beta of 0.96. Heritage Commerce has a 52 week low of $7.66 and a 52 week high of $11.27.

Heritage Commerce Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Thursday, February 6th. This represents a $0.52 annualized dividend and a dividend yield of 5.31%. Heritage Commerce’s payout ratio is 73.24%.

Institutional Investors Weigh In On Heritage Commerce

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP bought a new position in Heritage Commerce in the 3rd quarter valued at about $20,093,000. State Street Corp lifted its stake in shares of Heritage Commerce by 3.2% in the 3rd quarter. State Street Corp now owns 1,965,643 shares of the financial services provider’s stock worth $19,421,000 after acquiring an additional 61,630 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Heritage Commerce by 32.5% in the second quarter. AQR Capital Management LLC now owns 544,471 shares of the financial services provider’s stock valued at $4,737,000 after acquiring an additional 133,514 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Heritage Commerce by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 496,190 shares of the financial services provider’s stock valued at $4,902,000 after acquiring an additional 6,884 shares during the period. Finally, Assenagon Asset Management S.A. raised its holdings in Heritage Commerce by 58.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 463,774 shares of the financial services provider’s stock worth $4,350,000 after purchasing an additional 170,989 shares in the last quarter. 75.55% of the stock is currently owned by institutional investors.

Heritage Commerce Company Profile

Heritage Commerce Corp operates as the bank holding company for Heritage Bank of Commerce that provides various commercial and personal banking services to residents and the business/professional community in California. Its deposit products for business banking and retail markets include interest and non-interest-bearing demand, savings, and money market accounts, as well as certificates of deposit and time deposits.