Heritage Commerce Corp (NASDAQ:HTBK – Free Report) – Stock analysts at DA Davidson issued their Q1 2025 earnings estimates for Heritage Commerce in a research report issued to clients and investors on Tuesday, January 28th. DA Davidson analyst G. Tenner anticipates that the financial services provider will earn $0.18 per share for the quarter. The consensus estimate for Heritage Commerce’s current full-year earnings is $0.66 per share. DA Davidson also issued estimates for Heritage Commerce’s FY2025 earnings at $0.84 EPS.
Heritage Commerce (NASDAQ:HTBK – Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17. Heritage Commerce had a return on equity of 6.37% and a net margin of 17.61%.
Heritage Commerce Stock Down 0.1 %
Shares of HTBK stock opened at $9.62 on Wednesday. The stock has a market cap of $589.71 million, a P/E ratio of 13.55 and a beta of 0.96. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a fifty day moving average price of $9.78 and a 200 day moving average price of $9.90. Heritage Commerce has a one year low of $7.66 and a one year high of $11.27.
Institutional Investors Weigh In On Heritage Commerce
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC lifted its position in Heritage Commerce by 15.5% during the 2nd quarter. Renaissance Technologies LLC now owns 276,600 shares of the financial services provider’s stock valued at $2,406,000 after purchasing an additional 37,100 shares during the period. Sei Investments Co. grew its holdings in Heritage Commerce by 16.7% during the second quarter. Sei Investments Co. now owns 32,415 shares of the financial services provider’s stock valued at $282,000 after purchasing an additional 4,631 shares during the period. AQR Capital Management LLC raised its holdings in Heritage Commerce by 32.5% in the second quarter. AQR Capital Management LLC now owns 544,471 shares of the financial services provider’s stock worth $4,737,000 after purchasing an additional 133,514 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in shares of Heritage Commerce during the second quarter worth $114,000. Finally, Creative Planning grew its holdings in shares of Heritage Commerce by 34.4% in the 2nd quarter. Creative Planning now owns 75,462 shares of the financial services provider’s stock valued at $657,000 after buying an additional 19,334 shares during the period. Institutional investors and hedge funds own 75.55% of the company’s stock.
Heritage Commerce Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Thursday, February 6th will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, February 6th. This represents a $0.52 dividend on an annualized basis and a yield of 5.41%. Heritage Commerce’s dividend payout ratio is 73.24%.
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.
Read More
- Five stocks we like better than Heritage Commerce
- About the Markup Calculator
- How to Short Sell Stocks Like a Pro: Strategies and Tips
- How to Read Stock Charts for Beginners
- 3 Steel Stocks Soaring After Tariff Announcements
- High Flyers: 3 Natural Gas Stocks for March 2022
- Top Analysts’ Picks for 2025: 3 of Morgan Stanley’s Favorites
Receive News & Ratings for Heritage Commerce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heritage Commerce and related companies with MarketBeat.com's FREE daily email newsletter.