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Heritage Commerce Corp (HTBK)

Stock Price: $6.82 USD -0.08 (-1.16%)
Updated Aug 6, 2020 4:00 PM EDT - Market closed
After-hours: $6.89 +0.07 (1.03%) Aug 6, 4:42 PM

Stock Price Chart

Key Info

Market Cap 408.22M
Revenue (ttm) 136.62M
Net Income (ttm) 30.18M
Shares Out 59.86M
EPS (ttm) 0.52
PE Ratio 13.12
Forward PE 10.94
Dividend $0.52
Dividend Yield 7.62%

Stock Quote

Trading Day Aug 6, 2020
Last Price $6.82
Previous Close $6.90
Change ($) -0.08
Change (%) -1.16%
Day's Open 6.86
Day's Range 6.77 - 6.90
Day's Volume 109,529
52-Week Range 6.04 - 13.14

More Stats

Market Cap 408.22M
Enterprise Value 4.43M
Earnings Date (est) Oct 22, 2020
Ex-Dividend Date Aug 5, 2020
Shares Outstanding 59.86M
Float 57.47M
EPS (basic) 0.61
EPS (diluted) 0.52
FCF / Share 0.77
Dividend $0.52
Dividend Yield 7.62%
Earnings Yield 7.62%
FCF Yield 11.24%
Payout Ratio 80.30%
Shares Short 913,158
Short Ratio 2.78
Short % of Float 1.50%
Beta 1.15
PE Ratio 13.12
Forward PE 10.94
P/FCF Ratio 8.89
PS Ratio 2.99
PB Ratio 4.92
Revenue 136.62M
Operating Income 42.39M
Net Income 30.18M
Free Cash Flow 45.90M
Net Cash 403.80M
Net Cash / Share 6.75
Gross Margin 103.36%
Operating Margin 31.03%
Profit Margin 22.30%
FCF Margin 33.59%
ROA 0.76%
ROE 6.12%
ROIC 1.40%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (0)

Buy 0
Overweight 0
Hold 0
Underweight 0
Sell 0

Analyst Consensus: n/a

Price Target

$9.40*
(37.83% upside)
Low
9.00
Current: $6.82
High
10.00
Target: 9.40
*Average 12-month price target from 5 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue14112411110285.2765.1958.2254.4650.1126.50
Revenue Growth13.72%11.83%9.28%19.15%30.81%11.97%6.9%8.68%89.06%-
Gross Profit14112411110285.2765.1958.2254.4650.1126.50
Operating Income56.3148.6650.3043.9726.6020.9717.7516.0010.54-61.62
Net Income40.4635.3323.8327.3816.5013.4311.549.9111.37-55.86
Shares Outstanding59.2043.2838.2037.9332.0826.4226.3526.3226.3026.23
Earnings Per Share0.840.840.620.720.480.420.360.270.28-3.64
EPS Growth0%35.48%-13.89%50%14.29%16.67%33.33%-3.57%--
Dividend Per Share0.480.440.400.360.320.180.06---
Dividend Growth9.09%10%11.11%12.5%77.78%200%----
Operating Cash Flow50.3448.5741.3625.9028.4919.3816.2616.0421.4415.88
Capital Expenditures-0.20-0.19-0.65-0.48-1.01-0.82-0.50-0.24-0.35-0.19
Free Cash Flow50.1448.3940.7125.4227.4918.5715.7615.8021.0915.69
Cash & Equivalents45716531626634412211337472.8772.18
Total Debt39.8839.3739.18-3.00--9.2823.7031.15
Net Cash / Debt41712527726634112211336449.1741.03
Assets4,1093,0972,8432,5712,3621,6171,4921,6931,3061,246
Liabilities3,5332,7292,5722,3112,1161,4331,3181,5241,1081,064
Book Value577367271260245184173170198182
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Heritage Commerce Corp
Country United States
Employees 340
CEO Keith A. Wilton

Stock Information

Ticker Symbol HTBK
Stock Exchange NASDAQ
Sector Financial Services
Industry Banks—Regional
Unique Identifier NASDAQ: HTBK
IPO Date July 30, 1998

Description

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. It offers a range of deposit products for business banking and retail markets, including interest and non-interest bearing demand, savings accounts, certificate of deposit, money market accounts, and time deposits. The company also provides various loan products comprising commercial loans, such as operating secured and unsecured loans advanced for working capital, equipment purchases, and other business purposes; commercial real estate loans; commercial construction loans for rental properties, commercial buildings, and homes; home equity lines of credit; residential mortgage loans; consumer loans consisting of loans for financing automobiles, various consumer goods, and other personal purposes; and small business administration loans. In addition, it offers other banking services, including cashier's checks, bank-by-mail, night depositories, safe deposit boxes, direct deposit, automated payroll, electronic funds transfer, online bill pay, homeowner association, remote deposit capture, automated clearing house origination, electronic data interchange, and check imaging services, as well as other customary banking, factoring financing, and electronic banking services. The company provides its banking products and services through 19 full service branch offices in the southern and eastern regions of the general San Francisco Bay Area of California in the counties of Alameda, Contra Costa, Marin, San Benito, San Francisco, San Mateo, and Santa Clara. Heritage Commerce Corp was founded in 1997 and is headquartered in San Jose, California.