Q2 Earnings Estimate for HTBK Issued By DA Davidson

Heritage Commerce Corp (NASDAQ:HTBK) – Equities research analysts at DA Davidson issued their Q2 2025 earnings per share (EPS) estimates for Heritage Commerce in a research report issued to clients and investors on Monday, April 28th. DA Davidson analyst G. Tenner forecasts 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.

A number of other equities analysts have also issued reports on the stock. Raymond James set a $10.00 price target on shares of Heritage Commerce in a research report on Monday. Keefe, Bruyette & Woods cut their target price on shares of Heritage Commerce from $11.50 to $11.00 and set an “outperform” rating for the company in a report on Friday. Finally, Stephens reaffirmed an “overweight” rating and set a $11.00 target price on shares of Heritage Commerce in a report on Monday.

Heritage Commerce Stock Performance

HTBK opened at $8.92 on Tuesday. Heritage Commerce has a 12-month low of $7.74 and a 12-month high of $11.27. 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 firm has a market capitalization of $549.57 million, a PE ratio of 13.52 and a beta of 0.81. The firm has a 50 day moving average of $9.40 and a two-hundred day moving average of $9.76.

Heritage Commerce (NASDAQ:HTBK) last released its earnings results on Thursday, April 24th. The financial services provider reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. The company had revenue of $46.06 million during the quarter, compared to analysts’ expectations of $45.89 million. Heritage Commerce had a net margin of 16.12% and a return on equity of 5.96%.

Heritage Commerce Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $0.52 annualized dividend and a dividend yield of 5.83%. Heritage Commerce’s payout ratio is 76.47%.

Insider Activity

In related news, CEO Robertson Clay Jones, Jr. sold 5,145 shares of Heritage Commerce stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $9.73, for a total value of $50,060.85. Following the completion of the sale, the chief executive officer now owns 254,227 shares in the company, valued at approximately $2,473,628.71. This trade represents a 1.98 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jack W. Conner sold 4,000 shares of Heritage Commerce stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $10.52, for a total transaction of $42,080.00. Following the completion of the sale, the director now owns 108,512 shares of the company’s stock, valued at $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 quarter, insiders have sold 10,747 shares of company stock valued at $107,728. 2.71% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Heritage Commerce

Several institutional investors have recently modified their holdings of HTBK. Wellington Management Group LLP grew its stake in shares of Heritage Commerce by 13.2% in the fourth quarter. Wellington Management Group LLP now owns 2,302,615 shares of the financial services provider’s stock worth $21,599,000 after acquiring an additional 268,900 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Heritage Commerce in the fourth quarter worth $2,181,000. Millennium Management LLC acquired a new position in shares of Heritage Commerce in the fourth quarter worth $1,881,000. Assenagon Asset Management S.A. lifted its position in shares of Heritage Commerce by 58.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 463,774 shares of the financial services provider’s stock worth $4,350,000 after purchasing an additional 170,989 shares during the last quarter. Finally, ExodusPoint Capital Management LP purchased a new stake in shares of Heritage Commerce during the 4th quarter worth $1,272,000. Institutional investors and hedge funds own 75.55% of the company’s stock.

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.