Heritage Commerce (HTBK) Stock Forecast, Price Target & Predictions
HTBK Stock Forecast
Heritage Commerce stock forecast is as follows: an average price target of $12.50 (represents a 25.63% upside from HTBK’s last price of $9.95) and a rating consensus of 'Buy', based on 3 wall street analysts offering a 1-year stock forecast.
HTBK Price Target
The average price target for Heritage Commerce (HTBK) is $12.50 based on 1-year price targets from 3 Wall Street analysts in the past 3 months, with a price target range of $13.00 to $12.00. This represents a potential 25.63% upside from HTBK's last price of $9.95.
HTBK Analyst Ratings
According to 3 Wall Street analysts, Heritage Commerce's rating consensus is 'Buy'. The analyst rating breakdown for HTBK stock is 0 'Strong Buy' (0.00%), 3 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Heritage Commerce Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jul 29, 2024 | Gary Tenner | D.A. Davidson | $12.50 | $10.57 | 18.26% | 25.63% |
| Jul 26, 2024 | Andrew Liesch | Piper Sandler | $12.00 | $10.56 | 13.58% | 20.60% |
| May 02, 2022 | - | Raymond James | $13.00 | $11.23 | 15.76% | 30.65% |
The latest Heritage Commerce stock forecast, released on Jul 29, 2024 by Gary Tenner from D.A. Davidson, set a price target of $12.50, which represents a 18.26% increase from the stock price at the time of the forecast ($10.57), and a 25.63% increase from HTBK last price ($9.95).
Heritage Commerce Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 2 | 2 |
| Avg Price Target | - | $12.25 | $12.25 |
| Last Closing Price | $9.95 | $9.95 | $9.95 |
| Upside/Downside | -100.00% | 23.12% | 23.12% |
In the current month, the average price target of Heritage Commerce stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Heritage Commerce's last price of $9.95. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Jul 26, 2024 | Keefe, Bruyette & Woods | Outperform | Outperform | Hold |
| Jul 26, 2024 | Piper Sandler | Overweight | Overweight | Hold |
| May 02, 2022 | Raymond James | Outperform | Outperform | Hold |
Heritage Commerce's last stock rating was published by Keefe, Bruyette & Woods on Jul 26, 2024. The company gave HTBK a "Outperform" rating, the same as its previous rate.
Heritage Commerce Financial Forecast
Heritage Commerce Revenue Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | $52.02M | $54.51M | $50.82M | $530.00K | $40.68M | $40.92M | $40.59M | $37.05M | $37.26M | $36.26M | $36.76M | $37.02M | $41.77M | $41.62M | $33.24M | $33.68M | $33.51M | $28.54M | $26.12M |
| Avg Forecast | $47.11M | $45.79M | $44.23M | $43.27M | $43.64M | $43.05M | $43.17M | $43.20M | $46.69M | $47.89M | $50.54M | $52.44M | $54.33M | $48.50M | $43.02M | $40.82M | $40.50M | $39.68M | $37.73M | $36.92M | $37.06M | $38.49M | $38.86M | $40.42M | $41.68M | $33.81M | $34.16M | $34.60M | $29.79M | $27.67M |
| High Forecast | $48.40M | $47.05M | $45.45M | $44.46M | $44.84M | $43.53M | $44.36M | $44.39M | $46.91M | $48.85M | $51.93M | $53.89M | $55.82M | $49.84M | $43.85M | $41.61M | $41.28M | $40.45M | $38.46M | $37.63M | $37.78M | $39.23M | $39.61M | $41.20M | $42.48M | $34.47M | $34.82M | $35.27M | $35.75M | $33.20M |
| Low Forecast | $46.24M | $44.94M | $43.42M | $42.47M | $42.83M | $42.56M | $42.37M | $42.40M | $46.55M | $46.98M | $49.61M | $51.47M | $53.33M | $47.61M | $42.38M | $40.21M | $39.90M | $39.09M | $37.17M | $36.37M | $36.51M | $37.92M | $38.29M | $39.82M | $41.06M | $33.31M | $33.65M | $34.08M | $23.83M | $22.13M |
| # Analysts | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 3 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 5 | 9 | 6 | 4 | 4 | 7 | 4 | 11 | 19 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 0.99% | 1.00% | 1.05% | 0.01% | 1.00% | 1.01% | 1.02% | 0.98% | 1.01% | 0.98% | 0.96% | 0.95% | 1.03% | 1.00% | 0.98% | 0.99% | 0.97% | 0.96% | 0.94% |
Heritage Commerce's average Quarter revenue forecast for Jun 23 based on 3 analysts is $50.54M, with a low forecast of $49.61M, and a high forecast of $51.93M. HTBK's average Quarter revenue forecast represents a -2.86% decrease compared to the company's last Quarter revenue of $52.02M (Mar 23).
Heritage Commerce EBITDA Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 3 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 5 | 9 | 6 | 4 | 4 | 7 | 4 | 11 | 19 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | $33.61M | $33.87M | $28.99M | $23.59M | $20.62M | $22.19M | $22.04M | $14.54M | $18.31M | $19.20M | $18.68M | $18.29M | $6.18M | $12.34M | $19.29M | $19.32M | $19.80M | $14.01M | $11.88M |
| Avg Forecast | $16.85M | $16.38M | $15.82M | $15.48M | $15.61M | $15.40M | $15.44M | $23.71M | $16.70M | $17.13M | $18.08M | $21.55M | $19.43M | $21.93M | $15.39M | $19.59M | $14.49M | $14.19M | $13.50M | $16.15M | $13.26M | $13.77M | $13.90M | $10.19M | $14.91M | $12.10M | $12.22M | $19.80M | $14.60M | $12.54M |
| High Forecast | $17.32M | $16.83M | $16.26M | $15.90M | $16.04M | $15.57M | $15.87M | $28.45M | $16.78M | $17.47M | $18.58M | $25.86M | $19.97M | $26.32M | $15.69M | $23.51M | $14.77M | $14.47M | $13.76M | $19.38M | $13.51M | $14.03M | $14.17M | $12.23M | $15.20M | $12.33M | $12.46M | $23.76M | $17.52M | $15.05M |
| Low Forecast | $16.54M | $16.08M | $15.53M | $15.19M | $15.32M | $15.22M | $15.16M | $18.96M | $16.65M | $16.81M | $17.75M | $17.24M | $19.08M | $17.54M | $15.16M | $15.67M | $14.27M | $13.98M | $13.30M | $12.92M | $13.06M | $13.56M | $13.70M | $8.15M | $14.69M | $11.92M | $12.04M | $15.84M | $11.68M | $10.03M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.56% | 1.74% | 1.32% | 1.53% | 1.05% | 1.53% | 1.55% | 1.08% | 1.13% | 1.45% | 1.36% | 1.32% | 0.61% | 0.83% | 1.59% | 1.58% | 1.00% | 0.96% | 0.95% |
3 analysts predict HTBK's average Quarter EBITDA for Jun 23 to be $18.08M, with a high of $18.58M and a low of $17.75M. This is -46.21% lower than Heritage Commerce's previous annual EBITDA (Mar 23) of $33.61M.
Heritage Commerce Net Income Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 3 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 5 | 9 | 6 | 4 | 4 | 7 | 4 | 11 | 19 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | $18.92M | $20.80M | $18.07M | $14.82M | $12.87M | $13.96M | $13.72M | $8.81M | $11.20M | $11.62M | $11.20M | $10.62M | $1.86M | $5.68M | $11.28M | $11.35M | $12.15M | $8.81M | $6.54M |
| Avg Forecast | $13.15M | $12.29M | $11.18M | $9.95M | $10.75M | $10.44M | $11.06M | $14.79M | $14.44M | $15.46M | $17.61M | $13.44M | $20.79M | $13.65M | $14.34M | $12.22M | $13.31M | $12.90M | $10.94M | $9.89M | $11.18M | $10.32M | $7.62M | $3.07M | $10.69M | $15.73M | $16.83M | $12.15M | $9.18M | $6.90M |
| High Forecast | $13.62M | $12.73M | $11.58M | $10.31M | $11.14M | $11.02M | $11.46M | $17.75M | $14.96M | $16.08M | $18.24M | $16.13M | $21.53M | $16.38M | $14.70M | $14.67M | $13.65M | $13.23M | $11.21M | $11.86M | $11.46M | $10.58M | $7.81M | $3.68M | $10.96M | $16.12M | $17.26M | $14.58M | $11.01M | $8.28M |
| Low Forecast | $12.83M | $11.99M | $10.91M | $9.71M | $10.49M | $9.86M | $10.79M | $11.83M | $13.84M | $14.84M | $17.19M | $10.76M | $20.29M | $10.92M | $14.06M | $9.78M | $13.05M | $12.65M | $10.73M | $7.91M | $10.97M | $10.12M | $7.47M | $2.46M | $10.48M | $15.42M | $16.51M | $9.72M | $7.34M | $5.52M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.41% | 1.00% | 1.32% | 1.03% | 1.05% | 1.05% | 1.06% | 0.81% | 1.13% | 1.04% | 1.08% | 1.39% | 0.61% | 0.53% | 0.72% | 0.67% | 1.00% | 0.96% | 0.95% |
Heritage Commerce's average Quarter net income forecast for Jun 23 is $17.61M, with a range of $17.19M to $18.24M. HTBK's average Quarter net income forecast represents a -6.90% decrease compared to the company's last Quarter net income of $18.92M (Mar 23).
Heritage Commerce SG&A Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 3 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 5 | 9 | 6 | 4 | 4 | 7 | 4 | 11 | 19 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | $14.81M | $13.91M | $14.12M | $13.48M | $13.82M | $20.21M | $12.46M | $14.32M | $15.63M | $22.34M | $11.97M | $12.30M | $14.20M | $25.97M | $10.47M | $10.70M | $10.77M | $9.78M | $9.49M |
| Avg Forecast | $14.85M | $14.44M | $13.95M | $13.64M | $13.76M | $13.57M | $13.61M | $15.89M | $14.72M | $15.10M | $15.93M | $14.44M | $17.13M | $12.40M | $13.56M | $13.13M | $12.77M | $12.51M | $11.90M | $13.79M | $11.68M | $12.13M | $12.25M | $23.43M | $13.14M | $10.66M | $10.77M | $10.77M | $10.18M | $10.01M |
| High Forecast | $15.26M | $14.83M | $14.33M | $14.02M | $14.14M | $13.72M | $13.98M | $19.06M | $14.79M | $15.40M | $16.37M | $17.33M | $17.60M | $14.88M | $13.82M | $15.76M | $13.01M | $12.75M | $12.13M | $16.55M | $11.91M | $12.37M | $12.49M | $28.12M | $13.39M | $10.87M | $10.98M | $12.92M | $12.22M | $12.02M |
| Low Forecast | $14.58M | $14.17M | $13.69M | $13.39M | $13.50M | $13.42M | $13.36M | $12.71M | $14.68M | $14.81M | $15.64M | $11.55M | $16.81M | $9.92M | $13.36M | $10.50M | $12.58M | $12.32M | $11.72M | $11.03M | $11.51M | $11.95M | $12.07M | $18.75M | $12.94M | $10.50M | $10.61M | $8.62M | $8.15M | $8.01M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.03% | 0.81% | 1.14% | 0.99% | 1.05% | 1.58% | 1.00% | 1.20% | 1.13% | 1.91% | 0.99% | 1.00% | 0.61% | 1.98% | 0.98% | 0.99% | 1.00% | 0.96% | 0.95% |
Heritage Commerce's average Quarter SG&A projection for Jun 23 is $15.93M, based on 3 Wall Street analysts, with a range of $15.64M to $16.37M. The forecast indicates a 7.59% rise compared to HTBK last annual SG&A of $14.81M (Mar 23).
Heritage Commerce EPS Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 3 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 5 | 9 | 6 | 4 | 4 | 7 | 4 | 11 | 19 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | $0.31 | $0.34 | $0.30 | $0.24 | $0.21 | $0.23 | $0.23 | $0.15 | $0.19 | $0.19 | $0.19 | $0.18 | $0.03 | $0.10 | $0.26 | $0.26 | $0.28 | $0.23 | $0.17 |
| Avg Forecast | $0.21 | $0.20 | $0.18 | $0.16 | $0.17 | $0.17 | $0.18 | $0.18 | $0.23 | $0.25 | $0.29 | $0.30 | $0.34 | $0.29 | $0.23 | $0.20 | $0.22 | $0.21 | $0.18 | $0.18 | $0.18 | $0.17 | $0.12 | $0.13 | $0.17 | $0.26 | $0.27 | $0.28 | $0.25 | $0.19 |
| High Forecast | $0.22 | $0.21 | $0.19 | $0.17 | $0.18 | $0.18 | $0.19 | $0.19 | $0.24 | $0.26 | $0.30 | $0.31 | $0.35 | $0.30 | $0.24 | $0.21 | $0.22 | $0.22 | $0.18 | $0.18 | $0.19 | $0.17 | $0.13 | $0.13 | $0.18 | $0.26 | $0.28 | $0.29 | $0.30 | $0.23 |
| Low Forecast | $0.21 | $0.20 | $0.18 | $0.16 | $0.17 | $0.16 | $0.18 | $0.18 | $0.23 | $0.24 | $0.28 | $0.30 | $0.33 | $0.28 | $0.23 | $0.20 | $0.21 | $0.21 | $0.17 | $0.18 | $0.18 | $0.16 | $0.12 | $0.13 | $0.17 | $0.25 | $0.27 | $0.27 | $0.20 | $0.15 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.02% | 1.00% | 1.05% | 1.03% | 1.04% | 1.06% | 1.10% | 0.84% | 1.06% | 1.04% | 1.13% | 1.45% | 0.23% | 0.57% | 1.02% | 0.95% | 1.01% | 0.92% | 0.89% |
According to 3 Wall Street analysts, Heritage Commerce's projected average Quarter EPS for Jun 23 is $0.29, with a low estimate of $0.28 and a high estimate of $0.30. This represents a -7.53% decrease compared to HTBK previous annual EPS of $0.31 (Mar 23).
Heritage Commerce Peer Comparison by Price Target
HTBK Forecast FAQ
Is Heritage Commerce a good buy?
Yes, according to 3 Wall Street analysts, Heritage Commerce (HTBK) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 3 'Buy' recommendations, accounting for 100.00% of HTBK's total ratings.
What is HTBK's price target?
Heritage Commerce (HTBK) average price target is $12.5 with a range of $12 to $13, implying a 25.63% from its last price of $9.95. The data is based on 3 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Heritage Commerce stock go up soon?
According to Wall Street analysts' prediction for HTBK stock, the company can go up by 25.63% (from the last price of $9.95 to the average price target of $12.5), up by 30.65% based on the highest stock price target, and up by 20.60% based on the lowest stock price target.
Can Heritage Commerce stock reach $15?
HTBK's average twelve months analyst stock price target of $12.5 does not support the claim that Heritage Commerce can reach $15 in the near future.
What are Heritage Commerce's analysts' financial forecasts?
Heritage Commerce's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $173.04M (high $177.12M, low $170.16M), average EBITDA is $70.16M (high $75.93M, low $64.67M), average net income is $47.04M (high $51.36M, low $42.98M), average SG&A $56.82M (high $60.91M, low $52.99M), and average EPS is $0.707 (high $0.735, low $0.684). HTBK's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $180.4M (high $185.37M, low $177.07M), average EBITDA is $64.53M (high $66.31M, low $63.34M), average net income is $46.57M (high $48.24M, low $45.45M), average SG&A $56.87M (high $58.44M, low $55.82M), and average EPS is $0.758 (high $0.785, low $0.74).
Did the HTBK's actual financial results beat the analysts' financial forecasts?
Based on Heritage Commerce's last annual report (Dec 2022), the company's revenue was $189.99M, beating the average analysts forecast of $186.67M by 1.78%. Apple's EBITDA was $107.07M, beating the average prediction of $76.35M by 40.24%. The company's net income was $66.56M, beating the average estimation of $61M by 9.11%. Apple's SG&A was $55.33M, missing the average forecast of $56.22M by -1.58%. Lastly, the company's EPS was $1.1, beating the average prediction of $1.06 by 3.77%. In terms of the last quarterly report (Mar 2023), Heritage Commerce's revenue was $52.02M, missing the average analysts' forecast of $52.44M by -0.80%. The company's EBITDA was $33.61M, beating the average prediction of $21.55M by 55.94%. Heritage Commerce's net income was $18.92M, beating the average estimation of $13.44M by 40.70%. The company's SG&A was $14.81M, beating the average forecast of $14.44M by 2.53%. Lastly, the company's EPS was $0.31, beating the average prediction of $0.303 by 2.20%