Research Analysts Set Expectations for HTBK Q1 Earnings

Heritage Commerce Corp (NASDAQ:HTBK - Free Report) - DA Davidson issued their Q1 2025 earnings per share estimates for Heritage Commerce in a note issued to investors on Tuesday, January 28th. DA Davidson analyst G. Tenner anticipates 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 $0.78 per share. DA Davidson also issued estimates for Heritage Commerce's FY2025 earnings at $0.84 EPS.

Heritage Commerce (NASDAQ:HTBK - Get Free Report) last issued its earnings results on Thursday, January 23rd. The financial services provider reported $0.17 earnings per share for the quarter, meeting the consensus estimate of $0.17. Heritage Commerce had a return on equity of 5.96% and a net margin of 16.12%.

A number of other equities research analysts have also commented on the stock. StockNews.com upgraded shares of Heritage Commerce from a "sell" rating to a "hold" rating in a report on Wednesday, December 4th. Keefe, Bruyette & Woods dropped their target price on shares of Heritage Commerce from $12.50 to $11.50 and set an "outperform" rating for the company in a report on Friday, January 24th. Finally, Stephens reissued an "equal weight" rating and issued a $11.00 target price on shares of Heritage Commerce in a research note on Monday, January 27th.

Heritage Commerce Trading Down 1.1 %

Shares of NASDAQ:HTBK traded down $0.11 during trading on Wednesday, reaching $9.69. 352,654 shares of the company traded hands, compared to its average volume of 316,562. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.06. Heritage Commerce has a 52-week low of $7.66 and a 52-week high of $11.27. The business's fifty day moving average is $9.74 and its 200-day moving average is $9.90. The firm has a market capitalization of $594.00 million, a price-to-earnings ratio of 14.68 and a beta of 0.96.

Heritage Commerce Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders 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 annualized dividend and a yield of 5.37%. Heritage Commerce's dividend payout ratio (DPR) is presently 78.79%.

Institutional Investors Weigh In On Heritage Commerce

Several hedge funds have recently made changes to their positions in the company. Franklin Resources Inc. lifted its holdings in shares of Heritage Commerce by 2.9% during the third quarter. Franklin Resources Inc. now owns 46,089 shares of the financial services provider's stock valued at $449,000 after purchasing an additional 1,302 shares during the last quarter. SG Americas Securities LLC increased its position in Heritage Commerce by 5.9% during the 4th quarter. SG Americas Securities LLC now owns 45,763 shares of the financial services provider's stock valued at $429,000 after buying an additional 2,558 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Heritage Commerce by 27.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 16,262 shares of the financial services provider's stock valued at $161,000 after buying an additional 3,529 shares during the last quarter. FMR LLC boosted its holdings in Heritage Commerce by 103.7% in the third quarter. FMR LLC now owns 7,832 shares of the financial services provider's stock worth $77,000 after acquiring an additional 3,987 shares in the last quarter. Finally, Rosenthal Henry Capital Advisors Inc. grew its stake in shares of Heritage Commerce by 2.1% in the third quarter. Rosenthal Henry Capital Advisors Inc. now owns 203,837 shares of the financial services provider's stock worth $2,014,000 after acquiring an additional 4,250 shares during 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.