Heritage Commerce (HTBK) Expected to Announce Quarterly Earnings on Thursday

Heritage Commerce (NASDAQ:HTBK) is expected to issue its Q1 2025 quarterly earnings data before the market opens on Thursday, April 24th. Analysts expect Heritage Commerce to post earnings of $0.18 per share and revenue of $45.89 million for the quarter.

Heritage Commerce (NASDAQ:HTBK) last released its earnings results on Thursday, January 23rd. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.17. Heritage Commerce had a return on equity of 5.96% and a net margin of 16.12%. 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 Trading Up 0.5 %

NASDAQ:HTBK opened at $8.70 on Tuesday. The stock’s 50-day moving average is $9.57 and its two-hundred day moving average is $9.79. 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 market cap of $536.02 million, a PE ratio of 13.18 and a beta of 0.81. Heritage Commerce has a fifty-two week low of $7.66 and a fifty-two week high of $11.27.

Heritage Commerce Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were given a $0.13 dividend. The ex-dividend date was Thursday, February 6th. This represents a $0.52 dividend on an annualized basis and a yield of 5.98%. Heritage Commerce’s payout ratio is 78.79%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on HTBK shares. Keefe, Bruyette & Woods dropped their price target on shares of Heritage Commerce from $12.50 to $11.50 and set an “outperform” rating on the stock in a research note on Friday, January 24th. Stephens upgraded Heritage Commerce from a “hold” rating to a “strong-buy” rating in a report on Monday, March 3rd.

Insider Buying and Selling at Heritage Commerce

In related news, Director Jack W. Conner sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $10.52, for a total value of $42,080.00. Following the completion of the sale, the director now directly owns 108,512 shares in the company, valued at approximately $1,141,546.24. The trade was a 3.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Robertson Clay Jones, Jr. sold 5,145 shares of Heritage Commerce stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $9.73, for a total transaction of $50,060.85. Following the completion of the transaction, the chief executive officer now directly owns 254,227 shares in the company, valued at approximately $2,473,628.71. This represents a 1.98 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,747 shares of company stock worth $107,728 over the last three months. Corporate insiders own 3.99% of the company’s stock.

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.