Q1 Earnings Estimate for HTBK Issued By DA Davidson

Heritage Commerce Corp (NASDAQ:HTBK) – Equities research analysts at DA Davidson issued their Q1 2025 EPS estimates for Heritage Commerce in a research report issued on Tuesday, January 28th. DA Davidson analyst G. Tenner expects that the financial services provider will post earnings per share of $0.18 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 (EPS) for the quarter, meeting the consensus estimate of $0.17. Heritage Commerce had a net margin of 17.61% and a return on equity of 6.37%.

HTBK has been the topic of a number of other research reports. StockNews.com raised Heritage Commerce from a “sell” rating to a “hold” rating in a report on Wednesday, December 4th. Stephens reissued an “equal weight” rating and set a $11.00 target price on shares of Heritage Commerce in a research note on Monday. Finally, Keefe, Bruyette & Woods lowered their target price on 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 Price Performance

HTBK stock opened at $9.63 on Wednesday. Heritage Commerce has a 1 year low of $7.66 and a 1 year high of $11.27. The firm has a market cap of $590.32 million, a P/E ratio of 13.56 and a beta of 0.96. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.73 and a current ratio of 0.73. The stock has a 50-day simple moving average of $9.80 and a 200-day simple moving average of $9.90.

Institutional Investors Weigh In On Heritage Commerce

A number of hedge funds and other institutional investors have recently bought and sold shares of HTBK. nVerses Capital LLC bought a new position in shares of Heritage Commerce in the 3rd quarter worth $73,000. FMR LLC grew its stake in Heritage Commerce by 103.7% in the 3rd quarter. FMR LLC now owns 7,832 shares of the financial services provider’s stock valued at $77,000 after buying an additional 3,987 shares during the last quarter. One Wealth Advisors LLC bought a new stake in Heritage Commerce in the 3rd quarter valued at $99,000. NorthCrest Asset Manangement LLC acquired a new stake in shares of Heritage Commerce during the third quarter worth $100,000. Finally, Point72 Asset Management L.P. bought a new stake in Heritage Commerce in the 3rd quarter valued at about $107,000. 75.55% of the stock is owned by institutional investors and hedge funds.

Heritage Commerce Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th will be issued a $0.13 dividend. The ex-dividend date is Thursday, February 6th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.40%. Heritage Commerce’s payout ratio is presently 73.24%.

About Heritage Commerce

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.