Q2 Earnings Forecast for HTBK Issued By DA Davidson

Heritage Commerce Corp (NASDAQ:HTBK - Free Report) - Investment analysts at DA Davidson issued their Q2 2025 earnings estimates for shares of Heritage Commerce in a research note issued to investors on Monday, April 28th. DA Davidson analyst G. Tenner anticipates that the financial services provider will post earnings per share of $0.20 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.

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

Other equities research analysts have also recently issued research reports about the stock. Raymond James set a $10.00 target price on shares of Heritage Commerce in a report on Monday, April 28th. Keefe, Bruyette & Woods cut their target price on Heritage Commerce from $11.50 to $11.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Finally, Stephens reissued an "overweight" rating and issued a $11.00 price target on shares of Heritage Commerce in a report on Monday, April 28th.

Heritage Commerce Stock Performance

Shares of NASDAQ HTBK traded up $0.22 during midday trading on Tuesday, hitting $9.30. The company's stock had a trading volume of 276,244 shares, compared to its average volume of 374,515. The firm has a market capitalization of $572.98 million, a price-to-earnings ratio of 14.09 and a beta of 0.81. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.06. The stock has a fifty day moving average price of $9.29 and a 200 day moving average price of $9.74. Heritage Commerce has a one year low of $7.74 and a one year high of $11.27.

Institutional Trading of Heritage Commerce

Hedge funds have recently bought and sold shares of the company. Quarry LP lifted its holdings in shares of Heritage Commerce by 562.4% in the 4th quarter. Quarry LP now owns 3,153 shares of the financial services provider's stock worth $30,000 after acquiring an additional 2,677 shares during the last quarter. US Bancorp DE boosted its position in Heritage Commerce by 64.8% during the fourth quarter. US Bancorp DE now owns 3,473 shares of the financial services provider's stock valued at $33,000 after buying an additional 1,365 shares during the period. Two Sigma Securities LLC bought a new position in shares of Heritage Commerce during the fourth quarter valued at about $97,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Heritage Commerce in the fourth quarter worth about $99,000. Finally, Oxford Asset Management LLP bought a new stake in shares of Heritage Commerce in the 4th quarter valued at about $101,000. Institutional investors own 75.55% of the company's stock.

Insider Activity

In related news, CEO Robertson Clay Jones, Jr. sold 5,145 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $9.73, for a total value of $50,060.85. Following the transaction, the chief executive officer now owns 254,227 shares of the company's stock, valued at $2,473,628.71. This represents a 1.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jack W. Conner sold 4,000 shares of Heritage Commerce stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $10.52, for a total value of $42,080.00. Following the sale, the director now directly 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 sold 10,747 shares of company stock worth $107,728. 2.71% of the stock is currently owned by insiders.

Heritage Commerce Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be issued a $0.13 dividend. The ex-dividend date is Thursday, May 8th. This represents a $0.52 annualized dividend and a dividend yield of 5.59%. Heritage Commerce's payout ratio is currently 76.47%.

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.