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

Heritage Commerce (NASDAQ:HTBK - Get Free Report) is expected to announce its Q2 2025 earnings results 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 issued its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.18 by $0.01. Heritage Commerce had a net margin of 16.38% and a return on equity of 6.11%. The business had revenue of $46.06 million for the quarter, compared to analyst estimates of $45.89 million. 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

HTBK traded down $0.06 on Friday, hitting $10.29. 585,738 shares of the company were exchanged, compared to its average volume of 383,968. 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 business's fifty day moving average is $9.68 and its 200 day moving average is $9.55. Heritage Commerce has a fifty-two week low of $8.09 and a fifty-two week high of $11.27. The firm has a market capitalization of $633.86 million, a P/E ratio of 15.13 and a beta of 0.81.

Heritage Commerce Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 5.05%. The ex-dividend date of this dividend was Thursday, May 8th. Heritage Commerce's dividend payout ratio (DPR) is presently 76.47%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Keefe, Bruyette & Woods dropped their price target on shares of Heritage Commerce from $11.50 to $11.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Stephens reiterated an "overweight" rating and set a $11.00 price objective on shares of Heritage Commerce in a research note on Monday, April 28th. Raymond James Financial set a $10.00 price objective on shares of Heritage Commerce in a report on Monday, April 28th. Finally, Wall Street Zen raised shares of Heritage Commerce from a "sell" rating to a "hold" rating in a research note on Friday, June 27th.

Institutional Trading of Heritage Commerce

A number of institutional investors and hedge funds have recently modified their holdings of HTBK. Acadian Asset Management LLC bought a new stake in shares of Heritage Commerce in the 1st quarter worth about $316,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Heritage Commerce by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,402 shares of the financial services provider's stock worth $337,000 after purchasing an additional 1,482 shares during the last quarter. Jane Street Group LLC lifted 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 worth $1,380,000 after buying an additional 88,801 shares in the last quarter. Finally, Empowered Funds LLC lifted 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 worth $1,636,000 after buying an additional 13,519 shares in the last quarter. 75.55% of the stock is currently owned by institutional investors and hedge funds.

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.