Heritage Commerce (HTBK) to Release Quarterly Earnings on Thursday

Key Points

• Heritage Commerce (NASDAQ: HTBK) will report Q1 2026 results before the market opens on Thursday, April 23; analysts expect $0.242 EPS and $52.433 million in revenue, with a conference call set for April 24 at 4:00 PM ET.
• In the prior quarter (reported Jan. 22) the company beat estimates with $0.28 EPS versus a $0.23 consensus and $104.04 million in revenue, and analysts forecast about $1.00 EPS for both the current and next fiscal year.
• Heritage Commerce recently paid a quarterly dividend of $0.13 (annualized $0.52), implying a ~3.9% yield and a dividend payout ratio of approximately 66.7%.

Heritage Commerce (NASDAQ:HTBK - Get Free Report) is projected to issue its Q1 2026 results before the market opens on Thursday, April 23rd. Analysts expect Heritage Commerce to post earnings of $0.2420 per share and revenue of $52.4330 million for the quarter. Interested persons can find conference call details on the company's upcoming Q1 2026 earning report page for the latest details on the call scheduled for Friday, April 24, 2026 at 4:00 PM ET.

Heritage Commerce (NASDAQ:HTBK - Get Free Report) last issued its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $0.28 EPS for the quarter, beating analysts' consensus estimates of $0.23 by $0.05. Heritage Commerce had a net margin of 17.77% and a return on equity of 8.07%. The business had revenue of $104.04 million for the quarter, compared to analysts' expectations of $50.78 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 Stock Performance

Shares of Heritage Commerce stock opened at $13.19 on Thursday. The business has a 50-day moving average price of $12.78 and a two-hundred day moving average price of $11.85. Heritage Commerce has a 1-year low of $8.48 and a 1-year high of $13.82. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.06. The company has a market cap of $812.41 million, a P/E ratio of 16.91 and a beta of 0.69.

Heritage Commerce Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 8th. Investors of record on Wednesday, March 25th were given a dividend of $0.13 per share. The ex-dividend date was Wednesday, March 25th. This represents a $0.52 annualized dividend and a dividend yield of 3.9%. Heritage Commerce's dividend payout ratio is presently 66.67%.

Analyst Ratings Changes

HTBK has been the subject of several recent analyst reports. Raymond James Financial cut Heritage Commerce from an "outperform" rating to a "market perform" rating in a research note on Wednesday, January 7th. Zacks Research cut Heritage Commerce from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 9th. Janney Montgomery Scott downgraded shares of Heritage Commerce from a "buy" rating to a "neutral" rating and raised their price objective for the stock from $12.00 to $14.00 in a research report on Monday, December 22nd. DA Davidson reiterated a "neutral" rating and issued a $14.50 price objective on shares of Heritage Commerce in a research note on Wednesday, February 4th. Finally, Wall Street Zen downgraded shares of Heritage Commerce from a "hold" rating to a "sell" rating in a research report on Saturday, December 20th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $12.25.

Hedge Funds Weigh In On Heritage Commerce

Large investors have recently added to or reduced their stakes in the business. First Trust Capital Management L.P. bought a new stake in Heritage Commerce during the 4th quarter worth approximately $18,616,000. Balyasny Asset Management L.P. bought a new position in shares of Heritage Commerce in the fourth quarter valued at approximately $15,627,000. Boston Partners lifted its holdings in shares of Heritage Commerce by 52.1% in the third quarter. Boston Partners now owns 1,676,777 shares of the financial services provider's stock valued at $16,636,000 after purchasing an additional 574,070 shares in the last quarter. SummitTX Capital L.P. purchased a new position in shares of Heritage Commerce during the fourth quarter valued at approximately $6,056,000. Finally, Goldman Sachs Group Inc. boosted its position in shares of Heritage Commerce by 44.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,538,801 shares of the financial services provider's stock valued at $18,481,000 after buying an additional 473,132 shares during the last quarter. Institutional investors own 75.55% of the company's stock.

Heritage Commerce Company Profile

Heritage Commerce Corporation, headquartered in Farmington Hills, Michigan, is the bank holding company for Heritage Bank, N.A., a community-oriented financial institution. Traded on NASDAQ under the symbol HTBK, the company focuses on delivering tailored banking services to businesses, professionals and individuals throughout Southeastern Michigan.

Heritage Bank, N.A. offers a comprehensive portfolio of deposit and lending products designed to meet the needs of commercial and consumer clients.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.