Q2 Earnings Estimate for HTBK Issued By DA Davidson

Heritage Commerce Corp (NASDAQ:HTBK) – Stock analysts at DA Davidson issued their Q2 2025 EPS estimates for shares of Heritage Commerce in a report issued on Monday, April 28th. DA Davidson analyst G. Tenner expects that the financial services provider will post earnings of $0.20 per share for the quarter. The consensus estimate for Heritage Commerce’s current full-year earnings is $0.80 per share. DA Davidson also issued estimates for Heritage Commerce’s FY2026 earnings at $0.80 EPS.

Several other research firms have also issued reports on HTBK. Raymond James set a $10.00 target price on shares of Heritage Commerce in a report on Monday. Stephens reiterated an “overweight” rating and set a $11.00 target price on shares of Heritage Commerce in a report on Monday. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Heritage Commerce from $11.50 to $11.00 and set an “outperform” rating for the company in a report on Friday.

Heritage Commerce Stock Performance

Shares of HTBK opened at $8.92 on Tuesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.73 and a quick ratio of 0.73. Heritage Commerce has a one year low of $7.74 and a one year high of $11.27. The company has a 50-day simple moving average of $9.40 and a two-hundred day simple moving average of $9.76. The firm has a market capitalization of $549.57 million, a PE ratio of 13.52 and a beta of 0.81.

Heritage Commerce (NASDAQ:HTBK) last posted its earnings results on Thursday, April 24th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.01. Heritage Commerce had a return on equity of 5.96% and a net margin of 16.12%. The company had revenue of $46.06 million for the quarter, compared to analysts’ expectations of $45.89 million.

Heritage Commerce Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 8th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 5.83%. The ex-dividend date is Thursday, May 8th. Heritage Commerce’s dividend payout ratio (DPR) is presently 76.47%.

Insider Activity at Heritage Commerce

In other Heritage Commerce news, CEO Robertson Clay Jones, Jr. sold 5,145 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $9.73, for a total transaction of $50,060.85. Following the completion of the transaction, the chief executive officer now owns 254,227 shares in the company, valued at $2,473,628.71. This trade represents a 1.98 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Jack W. Conner sold 4,000 shares of Heritage Commerce stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $10.52, for a total value of $42,080.00. Following the completion of the transaction, the director now owns 108,512 shares of the company’s stock, valued at approximately $1,141,546.24. This trade represents a 3.56 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,747 shares of company stock valued at $107,728. 2.71% of the stock is owned by company insiders.

Hedge Funds Weigh In On Heritage Commerce

A number of institutional investors and hedge funds have recently modified their holdings of HTBK. Dimensional Fund Advisors LP grew its position in Heritage Commerce by 4.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,392,688 shares of the financial services provider’s stock valued at $31,823,000 after acquiring an additional 130,144 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Heritage Commerce by 13.2% in the 4th quarter. Wellington Management Group LLP now owns 2,302,615 shares of the financial services provider’s stock worth $21,599,000 after buying an additional 268,900 shares during the period. Boston Partners lifted its holdings in shares of Heritage Commerce by 1.7% in the 4th quarter. Boston Partners now owns 1,564,741 shares of the financial services provider’s stock worth $14,620,000 after buying an additional 26,442 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Heritage Commerce by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 1,426,816 shares of the financial services provider’s stock worth $13,386,000 after buying an additional 4,756 shares during the period. Finally, American Century Companies Inc. lifted its holdings in shares of Heritage Commerce by 3.4% in the 4th quarter. American Century Companies Inc. now owns 1,129,910 shares of the financial services provider’s stock worth $10,599,000 after buying an additional 36,821 shares during the period. Hedge funds and other institutional investors own 75.55% of the company’s stock.

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.