Heritage Commerce (HTBK) Stock Price, News & Analysis

Company Overview

Heritage Commerce Corporation, through its wholly owned subsidiary Heritage Bank of Commerce, is a community‐focused financial institution headquartered in Springfield, Massachusetts. Since its founding in 2008, the company has offered a broad spectrum of commercial and consumer banking services throughout New England, including deposit accounts, commercial real estate financing, construction lending, equipment leases and treasury management solutions. Heritage Commerce emphasizes local decision‐making and personalized service to meet the needs of small and mid-sized businesses, professional practices, nonprofit organizations and individual customers.

The bank’s lending portfolio is diversified across commercial and industrial loans, owner-occupied and investment real estate, construction and development projects, and government-guaranteed programs. Heritage Commerce has built particular expertise in Small Business Administration (SBA) lending, enabling it to provide flexible capital structures to entrepreneurs and growing enterprises. In addition to traditional lending, the company supports clients with digital banking platforms, online cash management tools, remote deposit capture and merchant services.

With a network of branches and loan production offices spanning Massachusetts, Connecticut, Rhode Island and New York, Heritage Commerce has expanded its geographic footprint while upholding its community banking ethos. The institution leverages regional market knowledge to support economic development, actively participating in local business initiatives and contributing to civic and charitable organizations. Its strategic focus on mid-market commercial borrowers and specialized lending products has driven steady growth in loan originations and deposit balances.

The company is led by Chairman and Chief Executive Officer Robert M. Thomas, who has overseen Heritage Commerce’s evolution from a single-branch operation into a multi-state community franchise. Under his leadership, the bank has invested in technology enhancements, operational efficiency and robust risk management practices. Backed by an experienced executive team, Heritage Commerce continues to pursue opportunities for service expansion and client relationship deepening, positioning itself as a competitive player in the regional banking sector.

Key Stats

• Today's Range: $10.39 to $10.52
• 50-Day Range: $9.04 to $10.69
• 52-Week Range: $8.09 to $11.27
• Volume: 570,607 shs
• Average Volume: 380,772 shs
• Market Capitalization: $645.53 million
• P/E Ratio: 15.41
• Dividend Yield: 4.96%
• Price Target: $11.00
• Consensus Rating: Buy

Heritage Commerce Stock Analysis - MarketRank™

Heritage Commerce scored higher than 74% of companies evaluated by MarketBeat, and ranked 386th out of 935 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.5 / 5
• Analyst Rating: Buy

Consensus Rating

Heritage Commerce has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Heritage Commerce has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 12.50%

Earnings Growth

Earnings for Heritage Commerce are expected to grow by 12.50% in the coming year, from $0.80 to $0.90 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Heritage Commerce is 15.41, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 26.26.

Price to Earnings Ratio vs. Sector

The P/E ratio of Heritage Commerce is 15.41, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.28.

Price to Book Value per Share Ratio

Heritage Commerce has a P/B Ratio of 0.93. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.67% of the float of Heritage Commerce has been sold short.

Short Interest Ratio / Days to Cover

Heritage Commerce has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Heritage Commerce has recently decreased by 22.80%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Heritage Commerce is a leading dividend payer. It pays a dividend yield of 4.97%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Heritage Commerce does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Heritage Commerce is 76.47%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, Heritage Commerce will have a dividend payout ratio of 57.78% next year. This indicates that Heritage Commerce will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.67% of the float of Heritage Commerce has been sold short.

Short Interest Ratio / Days to Cover

Heritage Commerce has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Heritage Commerce has recently decreased by 22.80%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: N/A

News Sentiment

Heritage Commerce has a news sentiment score of 1.89. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.95 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Heritage Commerce this week, compared to 2 articles on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Heritage Commerce insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 2.71% of the stock of Heritage Commerce is held by insiders.

Percentage Held by Institutions

75.55% of the stock of Heritage Commerce is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

HTBK Stock Analysis - Frequently Asked Questions

How have HTBK shares performed this year?

Heritage Commerce's stock was trading at $9.38 at the beginning of the year. Since then, HTBK shares have increased by 11.7% and is now trading at $10.48.

How were Heritage Commerce's earnings last quarter?

Heritage Commerce Corp (NASDAQ:HTBK) issued its quarterly 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 financial services provider had revenue of $46.06 million for the quarter, compared to analyst estimates of $45.89 million. Heritage Commerce had a trailing twelve-month return on equity of 6.11% and a net margin of 16.38%.

Who are Heritage Commerce's major shareholders?

Heritage Commerce's top institutional investors include Wealth Enhancement Advisory Services LLC (0.05%). Insiders that own company stock include Jason Philip Dinapoli, Robertson Clay Jones Jr, Jack W Conner, Walter Theodore Kaczmarek, Lawrence D Mcgovern, Robert Moles, Stephen G Heitel, Susan Svensson Just and Kamran F Husain.
View institutional ownership trends.

How do I buy shares of Heritage Commerce?

Shares of HTBK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Heritage Commerce own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Heritage Commerce investors own include JPMorgan Chase & Co. (JPM), NVIDIA (NVDA), Tesla (TSLA), Advanced Micro Devices (AMD), Meta Platforms (META), Netflix (NFLX) and Home Depot (HD).

Company Calendar

• Last Earnings: 4/24/2025
• Record date for 5/22 Dividend: 5/08/2025
• Ex-Dividend for 5/22 Dividend: 5/08/2025
• Dividend Payable: 5/22/2025
• Today: 7/14/2025
• Next Earnings (Estimated): 7/24/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: BANKS - WEST
• Sub-Industry: Regional Banks
• Current Symbol: NASDAQ:HTBK
• CIK: 1053352
• Web: www.heritagecommercecorp.com
• Phone: (408) 947-6900
• Fax: 408-947-6910
• Employees: 330
• Year Founded: 1994

Price Target and Rating

• Average Price Target for Heritage Commerce: $11.00
• High Price Target: $12.00
• Low Price Target: $10.00
• Potential Upside/Downside: +4.9%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Trailing Twelve Months): $0.68
• Trailing P/E Ratio: 15.42
• Forward P/E Ratio: 13.11
• P/E Growth: N/A
• Net Income: $40.53 million
• Net Margins: 16.38%
• Pretax Margin: 22.85%
• Return on Equity: 6.11%
• Return on Assets: 0.76%

Debt

• Debt-to-Equity Ratio: 0.06
• Current Ratio: 0.75
• Quick Ratio: 0.75

Sales & Book Value

• Annual Sales: $176.22 million
• Price / Sales: 3.67
• Cash Flow: $0.70 per share
• Price / Cash Flow: 14.94
• Book Value: $11.25 per share
• Price / Book: 0.93

Miscellaneous

• Outstanding Shares: 61,596,000
• Free Float: 59,927,000
• Market Cap: $645.83 million
• Optionable: Optionable
• Beta: 0.81