What is DA Davidson's Forecast for HTBK Q3 Earnings?

Key Points

• DA Davidson projects Heritage Commerce Corp will earn $0.22 per share in Q3 2025, with a full-year estimate of $0.80 per share.
• The company recently reported Q2 earnings of $0.21 per share, surpassing the consensus estimate by $0.02, with revenues of $47.78 million.
• Heritage Commerce announced a quarterly dividend of $0.13 per share, reflecting a 5.32% dividend yield and a payout ratio of 82.54%.

Heritage Commerce Corp (NASDAQ:HTBK - Free Report) - Investment analysts at DA Davidson issued their Q3 2025 earnings per share (EPS) estimates for shares of Heritage Commerce in a note issued to investors on Monday, July 28th. DA Davidson analyst G. Tenner expects that the financial services provider will earn $0.22 per share 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 FY2025 earnings at $0.84 EPS and FY2026 earnings at $0.85 EPS.

Heritage Commerce (NASDAQ:HTBK - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.21 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.02. The business had revenue of $47.78 million for the quarter, compared to analyst estimates of $47.17 million. Heritage Commerce had a return on equity of 6.62% and a net margin of 15.00%.

Several other brokerages also recently weighed in on HTBK. Raymond James Financial set a $10.00 target price on Heritage Commerce in a research note on Monday, April 28th. Keefe, Bruyette & Woods cut their price objective 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. Wall Street Zen lowered shares of Heritage Commerce from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Finally, Stephens reaffirmed an "overweight" rating and set a $11.00 price objective on shares of Heritage Commerce in a research report on Monday, April 28th.

Heritage Commerce Stock Performance

Shares of NASDAQ HTBK remained flat at $9.25 during mid-day trading on Tuesday. The stock had a trading volume of 852,472 shares, compared to its average volume of 408,191. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06. The stock has a market cap of $569.80 million, a PE ratio of 14.68 and a beta of 0.81. The company's fifty day moving average is $9.76 and its two-hundred day moving average is $9.59. Heritage Commerce has a fifty-two week low of $8.09 and a fifty-two week high of $11.27.

Heritage Commerce Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Thursday, August 7th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.6%. Heritage Commerce's dividend payout ratio is presently 82.54%.

Hedge Funds Weigh In On Heritage Commerce

Hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. boosted its holdings in Heritage Commerce by 143.5% in the first quarter. PNC Financial Services Group Inc. now owns 2,851 shares of the financial services provider's stock valued at $27,000 after acquiring an additional 1,680 shares during the last quarter. Quarry LP grew its stake in Heritage Commerce by 562.4% in the fourth quarter. Quarry LP now owns 3,153 shares of the financial services provider's stock valued at $30,000 after acquiring an additional 2,677 shares during the period. US Bancorp DE grew its stake in Heritage Commerce by 66.7% in the first quarter. US Bancorp DE now owns 5,789 shares of the financial services provider's stock valued at $55,000 after acquiring an additional 2,316 shares during the period. Two Sigma Securities LLC acquired a new position in Heritage Commerce in the fourth quarter valued at about $97,000. Finally, Oxford Asset Management LLP acquired a new position in Heritage Commerce in the fourth quarter valued at about $101,000. 75.55% of the stock is 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.