Heritage Commerce (HTBK) Projected to Post Quarterly Earnings on Thursday

Heritage Commerce (NASDAQ:HTBK - Get Free Report) is anticipated to release its Q2 2025 earnings data before the market opens on Thursday, July 24th. Analysts expect Heritage Commerce to post earnings of $0.19 per share and revenue of $47.17 million for the quarter.

Heritage Commerce (NASDAQ:HTBK - Get Free Report) last posted its earnings results on Thursday, April 24th. The financial services provider reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of $0.18 by $0.01. The business had revenue of $46.06 million for the quarter, compared to analyst estimates of $45.89 million. Heritage Commerce had a net margin of 16.38% and a return on equity of 6.11%. On average, analysts expect Heritage Commerce to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Heritage Commerce Price Performance

Heritage Commerce stock traded up $0.06 during midday trading on Thursday, reaching $10.35. 781,577 shares of the stock were exchanged, compared to its average volume of 384,472. The company's fifty day moving average is $9.64 and its 200-day moving average is $9.54. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a market cap of $637.52 million, a PE ratio of 15.22 and a beta of 0.81. Heritage Commerce has a 52 week low of $8.09 and a 52 week high of $11.27.

Heritage Commerce Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 8th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 5.02%. The ex-dividend date was Thursday, May 8th. Heritage Commerce's dividend payout ratio (DPR) is presently 76.47%.

Analyst Upgrades and Downgrades

HTBK has been the topic of a number of research analyst reports. Stephens reissued an "overweight" rating and issued a $11.00 price target on shares of Heritage Commerce in a report on Monday, April 28th. Wall Street Zen raised shares of Heritage Commerce from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Keefe, Bruyette & Woods decreased their price target on shares of Heritage Commerce from $11.50 to $11.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Finally, Raymond James Financial set a $10.00 price target on shares of Heritage Commerce in a report on Monday, April 28th.

Hedge Funds Weigh In On Heritage Commerce

Several institutional investors and hedge funds have recently made changes to their positions in HTBK. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Heritage Commerce by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,402 shares of the financial services provider's stock valued at $337,000 after purchasing an additional 1,482 shares during the last quarter. Empowered Funds LLC boosted its position in Heritage Commerce by 8.5% during the 1st quarter. Empowered Funds LLC now owns 171,866 shares of the financial services provider's stock valued at $1,636,000 after buying an additional 13,519 shares during the period. Jane Street Group LLC boosted its position in Heritage Commerce by 158.2% during the 1st quarter. Jane Street Group LLC now owns 144,919 shares of the financial services provider's stock valued at $1,380,000 after buying an additional 88,801 shares during the period. Finally, Acadian Asset Management LLC purchased a new stake in Heritage Commerce during the 1st quarter valued at $316,000. Institutional investors own 75.55% of the company's stock.

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.