Heritage Commerce (HTBK) Stock Forecast, Price Target & Predictions
HTBK Stock Forecast
Heritage Commerce stock forecast is as follows: an average price target of $12.25 (represents a 28.14% upside from HTBK’s last price of $9.56) 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 $12.25 based on 1-year price targets from 3 Wall Street analysts in the past 3 months, with a price target range of $12.50 to $12.00. This represents a potential 28.14% upside from HTBK's last price of $9.56.
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% | 30.75% |
| Jul 26, 2024 | Andrew Liesch | Piper Sandler | $12.00 | $10.56 | 13.58% | 25.52% |
| May 02, 2022 | Raymond James | $13.00 | $11.23 | 15.76% | 35.98% |
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 30.75% increase from HTBK last price ($9.56).
Heritage Commerce Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 2 |
| Avg Price Target | - | - | $12.25 |
| Last Closing Price | $9.56 | $9.56 | $9.56 |
| Upside/Downside | -100.00% | -100.00% | 28.14% |
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 $9.56. 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
| 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 26 | Sep 26 | Jun 26 | Mar 26 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | $49.74M | $48.83M | $47.58M | $46.48M | $46.35M | $45.49M | $44.23M | $43.38M | $44.07M | $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 | $50.89M | $49.96M | $48.68M | $47.55M | $47.42M | $46.54M | $45.26M | $44.11M | $45.09M | $43.05M | $43.17M | $43.20M | $46.91M | $48.85M | $51.71M | $53.65M | $55.58M | $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 | $48.66M | $47.77M | $46.55M | $45.47M | $45.35M | $44.50M | $43.27M | $42.52M | $42.59M | $43.05M | $43.17M | $43.20M | $46.55M | $46.98M | $49.44M | $51.30M | $53.15M | $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 |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 3 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 5 | 9 | 6 | 4 | 4 |
| 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 3 analysts is $50.54M, with a low forecast of $49.44M, and a high forecast of $51.71M. 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 26 | Sep 26 | Jun 26 | Mar 26 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 3 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 5 | 9 | 6 | 4 | 4 |
| 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 | $22.20M | $21.80M | $21.24M | $20.75M | $20.69M | $20.30M | $19.74M | $19.36M | $19.67M | $19.21M | $19.27M | $23.71M | $20.84M | $21.37M | $22.56M | $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 | $22.71M | $22.30M | $21.73M | $21.23M | $21.17M | $20.77M | $20.20M | $19.69M | $20.13M | $19.21M | $19.27M | $28.45M | $20.94M | $21.80M | $23.08M | $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 | $21.72M | $21.32M | $20.78M | $20.30M | $20.24M | $19.86M | $19.32M | $18.98M | $19.01M | $19.21M | $19.27M | $18.96M | $20.78M | $20.97M | $22.07M | $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% |
3 analysts predict HTBK's average Quarter EBITDA for Jun 23 to be $22.56M, with a high of $23.08M and a low of $22.07M. This is -32.88% lower than Heritage Commerce's previous annual EBITDA (Mar 23) of $33.61M.
Heritage Commerce Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 3 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 5 | 9 | 6 | 4 | 4 |
| 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 | $13.29M | $12.92M | $12.19M | $11.20M | $12.00M | $11.39M | $10.87M | $9.74M | $10.57M | $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 | $13.69M | $13.31M | $12.55M | $11.54M | $12.36M | $11.73M | $11.20M | $10.35M | $11.15M | $10.36M | $11.41M | $17.75M | $14.90M | $16.11M | $18.17M | $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 | $12.92M | $12.56M | $11.84M | $10.89M | $11.66M | $11.06M | $10.57M | $9.14M | $9.98M | $10.16M | $10.77M | $11.83M | $13.86M | $14.87M | $17.15M | $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 $17.15M to $18.17M. 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 26 | Sep 26 | Jun 26 | Mar 26 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 3 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 5 | 9 | 6 | 4 | 4 |
| 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 | $16.77M | $16.47M | $16.04M | $15.67M | $15.63M | $15.34M | $14.92M | $14.63M | $14.86M | $14.52M | $14.56M | $15.89M | $15.74M | $16.15M | $17.04M | $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 | $17.16M | $16.85M | $16.42M | $16.04M | $15.99M | $15.69M | $15.26M | $14.87M | $15.21M | $14.52M | $14.56M | $19.06M | $15.82M | $16.47M | $17.44M | $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 | $16.41M | $16.11M | $15.70M | $15.33M | $15.29M | $15.01M | $14.59M | $14.34M | $14.36M | $14.52M | $14.56M | $12.71M | $15.70M | $15.84M | $16.67M | $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 $17.04M, based on 3 Wall Street analysts, with a range of $16.67M to $17.44M. The forecast indicates a 15.08% rise compared to HTBK last annual SG&A of $14.81M (Mar 23).
Heritage Commerce EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 3 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 5 | 9 | 6 | 4 | 4 |
| 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 | $0.22 | $0.21 | $0.20 | $0.18 | $0.20 | $0.18 | $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 |
| High Forecast | $0.22 | $0.22 | $0.20 | $0.19 | $0.20 | $0.19 | $0.18 | $0.17 | $0.18 | $0.17 | $0.19 | $0.18 | $0.24 | $0.26 | $0.30 | $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 | $0.21 | $0.20 | $0.19 | $0.18 | $0.19 | $0.18 | $0.17 | $0.15 | $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 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).