Heritage Commerce Corp (NASDAQ:HTBK) Receives $12.25 Consensus Price Target from Analysts

Heritage Commerce Corp (NASDAQ:HTBK) has been given a consensus rating of “Hold” by the eight analysts that are currently covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $12.25.

HTBK has been the subject of several research analyst reports. Piper Sandler raised their price objective on Heritage Commerce from $11.00 to $12.00 and gave the stock an “overweight” rating in a research note on Monday, October 27th. Janney Montgomery Scott lowered shares of Heritage Commerce from a “buy” rating to a “neutral” rating and raised their price target for the stock from $12.00 to $14.00 in a research report on Monday, December 22nd. Weiss Ratings restated a “hold (c+)” rating on shares of Heritage Commerce in a research note on Monday, December 29th. Stephens reaffirmed an “equal weight” rating on shares of Heritage Commerce in a report on Monday, January 5th. Finally, Zacks Research cut shares of Heritage Commerce from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th.

Institutional Trading of Heritage Commerce

A number of hedge funds have recently modified their holdings of the stock. Assenagon Asset Management S.A. purchased a new position in shares of Heritage Commerce during the 4th quarter valued at approximately $5,010,000. Diversified Trust Co. increased its holdings in Heritage Commerce by 14.1% in the 4th quarter. Diversified Trust Co. now owns 23,361 shares of the financial services provider’s stock worth $281,000 after acquiring an additional 2,892 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Heritage Commerce by 14.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 28,694 shares of the financial services provider’s stock worth $358,000 after acquiring an additional 3,564 shares during the period. JPMorgan Chase & Co. lifted its holdings in Heritage Commerce by 2.4% during the third quarter. JPMorgan Chase & Co. now owns 1,883,705 shares of the financial services provider’s stock valued at $18,705,000 after purchasing an additional 44,948 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in Heritage Commerce by 979.3% during the third quarter. Jacobs Levy Equity Management Inc. now owns 360,543 shares of the financial services provider’s stock valued at $3,580,000 after purchasing an additional 327,138 shares in the last quarter. Hedge funds and other institutional investors own 75.55% of the company’s stock.

Key Heritage Commerce News

Here are the key news stories impacting Heritage Commerce this week:

• Positive Sentiment: Q4 beat — Heritage reported adjusted non‑GAAP EPS of $0.28 vs. consensus ~$0.23 and revenue of about $53.6M, driven by balance-sheet growth and NIM expansion; the beat is the primary fundamental upside driver. Read More.
• Positive Sentiment: Dividend maintained/increased yield appeal — the board declared a $0.13 quarterly cash dividend (payable Feb 19; record Feb 5), implying a ~3.9% yield and continuation of a long quarterly payout track record. Read More.
• Neutral Sentiment: Company-provided results/slide deck and full‑year commentary — management highlighted adjusted Q4 earnings up ~62% YoY and released a slide deck summarizing drivers; useful for judging sustainability but not new guidance in headlines. Read More.
• Negative Sentiment: Liquidity/efficiency and valuation caution — the company’s quick and current ratios are ~0.75 and ROE (~7.2%) is middling; trading volume was slightly below average and some investors likely took profits after a run, which can pressure the share price despite the beat.

Heritage Commerce Stock Down 3.7%

HTBK opened at $12.88 on Friday. The firm’s fifty day moving average is $11.92 and its 200 day moving average is $10.72. The stock has a market cap of $788.98 million, a price-to-earnings ratio of 16.51 and a beta of 0.80. Heritage Commerce has a fifty-two week low of $8.09 and a fifty-two week high of $13.64. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.75 and a current ratio of 0.75.

Heritage Commerce (NASDAQ:HTBK) last announced its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05. The firm had revenue of $53.62 million for the quarter, compared to analyst estimates of $50.78 million. Heritage Commerce had a net margin of 17.77% and a return on equity of 8.10%. On average, sell-side analysts forecast that Heritage Commerce will post 0.8 earnings per share for the current fiscal year.

Heritage Commerce Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 19th. Shareholders of record on Thursday, February 5th will be paid a dividend of $0.13 per share. The ex-dividend date is Thursday, February 5th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.0%. Heritage Commerce’s dividend payout ratio (DPR) is presently 66.67%.

About Heritage Commerce

Heritage Commerce Corporation, headquartered in Farmington Hills, Michigan, is the bank holding company for Heritage Bank, N.A., a community-oriented financial institution. Traded on NASDAQ under the symbol HTBK, the company focuses on delivering tailored banking services to businesses, professionals and individuals throughout Southeastern Michigan.

Heritage Bank, N.A. offers a comprehensive portfolio of deposit and lending products designed to meet the needs of commercial and consumer clients.