Heritage Commerce (HTBK) to Release Quarterly Earnings on Thursday

Heritage Commerce (NASDAQ:HTBK) is expected to issue its Q2 2025 quarterly earnings data before the market opens on Thursday, July 24th. Analysts expect the company to announce earnings of $0.19 per share and revenue of $47.17 million for the quarter.

Heritage Commerce (NASDAQ:HTBK) last announced its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. The company had revenue of $46.06 million for the quarter, compared to the consensus estimate of $45.89 million. Heritage Commerce had a net margin of 16.38% and a return on equity of 6.11%. 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 Up 1.0%

Shares of HTBK stock opened at $10.29 on Thursday. The company’s fifty day simple moving average is $9.64 and its two-hundred day simple moving average is $9.54. Heritage Commerce has a 52 week low of $8.09 and a 52 week high of $11.27. The stock has a market cap of $633.86 million, a P/E ratio of 15.13 and a beta of 0.81. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.06.

Heritage Commerce Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 8th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 5.05%. The ex-dividend date of this dividend was Thursday, May 8th. Heritage Commerce’s payout ratio is presently 76.47%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Raymond James Financial set a $10.00 price objective on Heritage Commerce in a research note on Monday, April 28th. Wall Street Zen upgraded shares of Heritage Commerce from a “sell” rating to a “hold” rating in a research report on Friday, June 27th. Keefe, Bruyette & Woods decreased their price target on shares of Heritage Commerce from $11.50 to $11.00 and set an “outperform” rating on the stock in a research note on Friday, April 25th. Finally, Stephens reiterated an “overweight” rating and set a $11.00 price objective on shares of Heritage Commerce in a research report on Monday, April 28th.

Institutional Trading of Heritage Commerce

A number of large investors have recently made changes to their positions in the business. Jane Street Group LLC grew its stake in shares of Heritage Commerce by 158.2% during the first quarter. Jane Street Group LLC now owns 144,919 shares of the financial services provider’s stock valued at $1,380,000 after buying an additional 88,801 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Heritage Commerce during the 1st quarter worth approximately $316,000. Empowered Funds LLC boosted its holdings in Heritage Commerce by 8.5% during the 1st quarter. Empowered Funds LLC now owns 171,866 shares of the financial services provider’s stock valued at $1,636,000 after acquiring an additional 13,519 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Heritage Commerce by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,402 shares of the financial services provider’s stock valued at $337,000 after acquiring an additional 1,482 shares during the period. 75.55% of the stock is currently owned by institutional investors.

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.