Heritage Commerce (NASDAQ:HTBK – Get Free Report) is projected 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 – Get Free Report) last issued 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 firm had revenue of $46.06 million during the quarter, compared to the consensus estimate of $45.89 million. Heritage Commerce had a return on equity of 6.11% and a net margin of 16.38%. 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 Performance
Shares of HTBK opened at $10.19 on Wednesday. The company has a market cap of $627.70 million, a PE ratio of 14.99 and a beta of 0.81. 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 50-day moving average price of $9.71 and a 200-day moving average price of $9.56. Heritage Commerce has a 12-month low of $8.09 and a 12-month high of $11.27.
Heritage Commerce Dividend Announcement
Hedge Funds Weigh In On Heritage Commerce
Several institutional investors and hedge funds have recently modified their holdings of HTBK. Acadian Asset Management LLC acquired a new position in Heritage Commerce in the first quarter valued at approximately $316,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Heritage Commerce by 4.4% in the first 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 last quarter. Jane Street Group LLC lifted its holdings in Heritage Commerce by 158.2% in 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 acquiring an additional 88,801 shares during the last quarter. Finally, Empowered Funds LLC lifted its holdings in Heritage Commerce by 8.5% in the first 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 last quarter. Hedge funds and other institutional investors own 75.55% of the company’s stock.
Analyst Ratings Changes
HTBK has been the topic of several research reports. Stephens restated an “overweight” rating and set a $11.00 price target on shares of Heritage Commerce in a research report on Monday, April 28th. Raymond James Financial set a $10.00 price objective on Heritage Commerce in a research report on Monday, April 28th. Keefe, Bruyette & Woods reduced their price objective on Heritage Commerce from $11.50 to $11.00 and set an “outperform” rating for the company in a research report on Friday, April 25th. Finally, Wall Street Zen upgraded Heritage Commerce from a “sell” rating to a “hold” rating in a research report on Friday, June 27th.
Check Out Our Latest Report on HTBK
About Heritage Commerce
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.
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