What is DA Davidson’s Estimate for HTBK Q1 Earnings?

Heritage Commerce Corp (NASDAQ:HTBK) – Equities research analysts at DA Davidson issued their Q1 2025 earnings per share (EPS) estimates for Heritage Commerce in a note issued to 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.

Other equities research analysts have also issued research reports about the stock. StockNews.com upgraded shares of Heritage Commerce from a “sell” rating to a “hold” rating in a report on Wednesday, December 4th. Stephens restated an “equal weight” rating and issued a $11.00 target price on shares of Heritage Commerce in a report on Monday. Finally, Keefe, Bruyette & Woods lowered their price target on Heritage Commerce from $12.50 to $11.50 and set an “outperform” rating on the stock in a report on Friday, January 24th.

Heritage Commerce Price Performance

NASDAQ HTBK opened at $9.62 on Wednesday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.06. Heritage Commerce has a 1 year low of $7.66 and a 1 year high of $11.27. The company has a market cap of $589.71 million, a PE ratio of 13.55 and a beta of 0.96. The stock’s 50-day moving average price is $9.78 and its two-hundred day moving average price is $9.90.

Heritage Commerce (NASDAQ:HTBK) last issued its earnings results on Thursday, January 23rd. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.17. Heritage Commerce had a return on equity of 6.37% and a net margin of 17.61%.

Heritage Commerce Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.41%. The ex-dividend date of this dividend is Thursday, February 6th. Heritage Commerce’s dividend payout ratio (DPR) is currently 73.24%.

Hedge Funds Weigh In On Heritage Commerce

Hedge funds have recently modified their holdings of the stock. nVerses Capital LLC purchased a new position in Heritage Commerce in the third quarter valued at about $73,000. FMR LLC grew its stake in shares of Heritage Commerce by 103.7% in the 3rd quarter. FMR LLC now owns 7,832 shares of the financial services provider’s stock valued at $77,000 after buying an additional 3,987 shares in the last quarter. One Wealth Advisors LLC acquired a new position in Heritage Commerce in the third quarter worth approximately $99,000. NorthCrest Asset Manangement LLC acquired a new stake in Heritage Commerce in the third quarter valued at approximately $100,000. Finally, Point72 Asset Management L.P. bought a new stake in Heritage Commerce in the third quarter worth approximately $107,000. 75.55% of the stock is owned by institutional investors and hedge funds.

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.