Heritage Commerce (HTBK) Stock Forecast, Price Target & Predictions


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HTBK Stock Forecast


Heritage Commerce stock forecast is as follows: an average price target of $12.50 (represents a 29.53% upside from HTBK’s last price of $9.65) 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 29.53% upside from HTBK's last price of $9.65.

HTBK Analyst Ratings


Buy

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


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Jul 29, 2024Gary TennerD.A. Davidson$12.50$10.5718.26%29.53%
Jul 26, 2024Andrew LieschPiper Sandler$12.00$10.5613.58%24.35%
May 02, 2022-Raymond James$13.00$11.2315.76%34.72%
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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 29.53% increase from HTBK last price ($9.65).

Heritage Commerce Price Target by Period


1M3M12M
# Anlaysts--2
Avg Price Target--$12.25
Last Closing Price$9.65$9.65$9.65
Upside/Downside-100.00%-100.00%26.94%

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 $9.65. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Jul 26, 2024Keefe, Bruyette & WoodsOutperformOutperformHold
Jul 26, 2024Piper SandlerOverweightOverweightHold
May 02, 2022Raymond JamesOutperformOutperformHold
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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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
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
Avg Forecast$47.56M$46.88M$46.01M$45.38M$46.12M$45.06M$43.90M$43.22M$44.06M$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
High Forecast$48.50M$47.81M$46.92M$46.28M$47.03M$45.95M$44.78M$44.34M$44.27M$43.05M$43.17M$43.20M$46.91M$48.85M$51.54M$53.48M$55.41M$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
Low Forecast$46.49M$45.83M$44.98M$44.36M$45.08M$44.04M$42.92M$42.38M$43.67M$43.05M$43.17M$43.20M$46.55M$46.98M$49.40M$51.26M$53.11M$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
# Analysts222211144222364424443333359644
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%

Heritage Commerce's average Quarter revenue forecast for Jun 23 based on 4 analysts is $50.54M, with a low forecast of $49.40M, and a high forecast of $51.54M. 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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts222211144222364424443333359644
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
Avg Forecast$17.01M$16.77M$16.46M$16.23M$16.50M$16.12M$15.71M$15.46M$15.76M$15.40M$15.44M$23.71M$16.70M$17.13M$18.08M$21.55M$23.30M$17.35M$15.39M$19.59M$14.49M$14.19M$13.50M$16.15M$13.26M$13.77M$13.90M$10.19M$14.91M$12.10M
High Forecast$17.35M$17.10M$16.79M$16.56M$16.82M$16.44M$16.02M$15.86M$15.84M$15.40M$15.44M$28.45M$16.78M$17.47M$18.44M$25.86M$27.96M$17.35M$15.39M$23.51M$14.49M$14.19M$13.50M$19.38M$13.26M$13.77M$13.90M$12.23M$14.91M$12.10M
Low Forecast$16.63M$16.39M$16.09M$15.87M$16.13M$15.76M$15.35M$15.16M$15.62M$15.40M$15.44M$18.96M$16.65M$16.81M$17.67M$17.24M$18.64M$17.35M$15.39M$15.67M$14.49M$14.19M$13.50M$12.92M$13.26M$13.77M$13.90M$8.15M$14.91M$12.10M
Surprise %---------------1.56%1.45%1.67%1.53%1.05%1.53%1.55%1.08%1.13%1.45%1.36%1.32%0.61%0.83%1.59%

4 analysts predict HTBK's average Quarter EBITDA for Jun 23 to be $18.08M, with a high of $18.44M and a low of $17.67M. This is -46.21% lower than Heritage Commerce's previous annual EBITDA (Mar 23) of $33.61M.

Heritage Commerce Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts222211144222364424443333359644
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
Avg Forecast$12.62M$12.31M$11.39M$10.77M$12.31M$11.59M$11.08M$10.05M$10.87M$10.26M$11.08M$14.79M$14.46M$15.49M$17.64M$13.44M$14.66M$17.61M$14.34M$12.22M$13.31M$12.90M$10.94M$9.89M$11.18M$10.32M$7.62M$3.07M$10.69M$15.73M
High Forecast$12.94M$12.63M$11.68M$11.05M$12.63M$11.89M$11.36M$11.83M$11.45M$10.36M$11.36M$17.75M$14.84M$16.11M$18.10M$16.13M$17.60M$17.61M$14.34M$14.67M$13.31M$12.90M$10.94M$11.86M$11.18M$10.32M$7.62M$3.68M$10.69M$15.73M
Low Forecast$12.25M$11.95M$11.05M$10.46M$11.95M$11.25M$10.75M$8.87M$9.73M$10.16M$10.75M$11.83M$13.86M$14.87M$17.13M$10.76M$11.73M$17.61M$14.34M$9.78M$13.31M$12.90M$10.94M$7.91M$11.18M$10.32M$7.62M$2.46M$10.69M$15.73M
Surprise %---------------1.41%1.42%1.03%1.03%1.05%1.05%1.06%0.81%1.13%1.04%1.08%1.39%0.61%0.53%0.72%

Heritage Commerce's average Quarter net income forecast for Jun 23 is $17.64M, with a range of $17.13M to $18.10M. HTBK's average Quarter net income forecast represents a -6.73% decrease compared to the company's last Quarter net income of $18.92M (Mar 23).

Heritage Commerce SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts222211144222364424443333359644
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
Avg Forecast$14.99M$14.78M$14.50M$14.31M$14.54M$14.20M$13.84M$13.63M$13.89M$13.57M$13.61M$15.89M$14.72M$15.10M$15.93M$14.44M$21.22M$15.29M$13.56M$13.13M$12.77M$12.51M$11.90M$13.79M$11.68M$12.13M$12.25M$23.43M$13.14M$10.66M
High Forecast$15.29M$15.07M$14.79M$14.59M$14.83M$14.49M$14.12M$13.98M$13.96M$13.57M$13.61M$19.06M$14.79M$15.40M$16.25M$17.33M$25.47M$15.29M$13.56M$15.76M$12.77M$12.51M$11.90M$16.55M$11.68M$12.13M$12.25M$28.12M$13.14M$10.66M
Low Forecast$14.66M$14.45M$14.18M$13.98M$14.21M$13.89M$13.53M$13.36M$13.77M$13.57M$13.61M$12.71M$14.68M$14.81M$15.57M$11.55M$16.98M$15.29M$13.56M$10.50M$12.77M$12.51M$11.90M$11.03M$11.68M$12.13M$12.25M$18.75M$13.14M$10.66M
Surprise %---------------1.03%0.66%0.92%0.99%1.05%1.58%1.00%1.20%1.13%1.91%0.99%1.00%0.61%1.98%0.98%

Heritage Commerce's average Quarter SG&A projection for Jun 23 is $15.93M, based on 4 Wall Street analysts, with a range of $15.57M to $16.25M. The forecast indicates a 7.59% rise compared to HTBK last annual SG&A of $14.81M (Mar 23).

Heritage Commerce EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts222211144222364424443333359644
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
Avg Forecast$0.20$0.20$0.18$0.17$0.20$0.19$0.18$0.16$0.18$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
High Forecast$0.21$0.21$0.19$0.18$0.21$0.19$0.18$0.19$0.19$0.17$0.18$0.18$0.24$0.26$0.29$0.31$0.35$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
Low Forecast$0.20$0.19$0.18$0.17$0.19$0.18$0.17$0.14$0.16$0.17$0.17$0.18$0.23$0.24$0.28$0.29$0.33$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
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%

According to 4 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 $0.29. This represents a -7.53% decrease compared to HTBK previous annual EPS of $0.31 (Mar 23).

Heritage Commerce Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
HTBKHeritage Commerce$9.65$12.5029.53%Buy
CIVBCivista Bancshares$20.36$24.0017.88%Buy
FNWBFirst Northwest Bancorp$9.90$11.0011.11%Hold
HBCPHome Bancorp$46.40$50.007.76%Buy
FFNWFirst Financial Northwest$22.26$23.505.57%Hold

HTBK Forecast FAQ


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.

Heritage Commerce (HTBK) average price target is $12.5 with a range of $12 to $13, implying a 29.53% from its last price of $9.65. The data is based on 3 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for HTBK stock, the company can go up by 29.53% (from the last price of $9.65 to the average price target of $12.5), up by 34.72% based on the highest stock price target, and up by 24.35% based on the lowest stock price target.

HTBK's average twelve months analyst stock price target of $12.5 does not support the claim that Heritage Commerce can reach $14 in the near future.

Heritage Commerce's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $178.3M (high $182.1M, low $174.43M), average EBITDA is $63.78M (high $65.14M, low $62.4M), average net income is $45.03M (high $47.71M, low $42.83M), average SG&A $56.21M (high $57.41M, low $54.99M), and average EPS is $0.732 (high $0.775, low $0.696). HTBK's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $185.83M (high $189.52M, low $181.65M), average EBITDA is $66.48M (high $67.8M, low $64.98M), average net income is $47.08M (high $48.3M, low $45.71M), average SG&A $58.58M (high $59.75M, low $57.27M), and average EPS is $0.765 (high $0.785, low $0.743).

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 $75.63M by 41.57%. The company's net income was $66.56M, beating the average estimation of $58.83M by 13.12%. Apple's SG&A was $55.33M, missing the average forecast of $63.2M by -12.46%. 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%