Ticker
HTBK

Price
8.58
Stock movement up
+0.05 (0.59%)
Company name
Heritage Commerce Corp
Exchange
(NASDAQ
,
Currency
USD
)
Sector
Financial Services >
Banks-Regional
Market cap
522.50M
Ent value
4.74B
Price/Sales
2.76
Price/Book
0.83
Div yield
6.06%
Div growth
3.40%
Growth years
8
FCF payout
45.56%
Trailing P/E
7.85
Forward P/E
6.55
PEG
1.12
EPS growth
12.13%
1 year return
-0.35%
3 year return
-10.80%
5 year return
-6.50%
10 year return
0.74%
Last updated: 2024-03-28

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DIVIDENDS

Dividend yield - 5y

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Dividend yield data
Dividend per share0.52
Dividend yield6.06%
Payout frequencyQuarterly
Maximum yield8.39%
Average yield5.15%
Minimum yield3.54%
Discount to avg yield14.99%
Upside potential17.63%
Yield as % of max yield72.26%

Yield distribution (inverse percentile) - 5y

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Yield distribution data
Dividend yield6.06%
Current yield distribution25.56%
Yield at 100% (Min)3.54%
Yield at 90%3.98%
Yield at 80%4.19%
Yield at 50% (Median)4.64%
Yield at 20%6.21%
Yield at 10%6.94%
Yield at 0% (Max)8.39%

Dividend per share

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Dividend per share data
Years of growth8 years
CCC statusDividend Challenger
Dividend per share0.52
Payout frequencyQuarterly
Ex-div date7 Feb 2024
EPS (TTM)1.08
EPS (1y forward)1.31
EPS growth (5y)12.13%
EPS growth (5y forward)7.00%

Dividend growth

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Dividend growth data
HTBKS&P500
DGR MR8.33%-16.32%
DGR TTM-4.05%
DGR 3 years-5.24%
DGR 5 years3.40%5.40%
DGR 10 years24.10%7.07%
DGR 15 years3.29%6.12%
Time since last change announced1527 days
EPS growth (5y)12.13%
EPS growth (5y forward)7.00%

Payout ratio

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Payout ratio data
EPS coverageFCF coverage
TTM47.32%45.56%
Average--
Forward39.69%-

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VALUATION

Valuation Ratios

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Valuation Ratios data
Trailing P/E7.85
Price to OCF7.48
Price to FCF7.56
Price to EBITDA3.39
EV to EBITDA30.73

Valuation (Sales/Book Value)

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Valuation (Sales/Book Value) data
Price to Sales2.76
Price to Book0.83
EV to Sales25.01

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FINANCIALS

Per share

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Per share data
Current share count60.90M
EPS (TTM)1.08
FCF per share (TTM)1.13

Income statement

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Income statement data
Revenue (TTM)189.46M
Gross profit (TTM)190.14M
Operating income (TTM)94.37M
Net income (TTM)66.56M
EPS (TTM)1.08
EPS (1y forward)1.31

Margins

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Margins data
Gross margin (TTM)100.36%
Operating margin (TTM)49.81%
Profit margin (TTM)35.13%

Balance Sheet

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Balance Sheet data
Cash306.60M
Net receivables122.63M
Total current assets400.07M
Goodwill167.63M
Intangible assets11.03M
Property, plant and equipment0.00
Total assets5.15B
Accounts payable92.81M
Short/Current long term debt39.37M
Total current liabilities24.00K
Total liabilities4.52B
Shareholder's equity632.46M
Net tangible assets453.79M

Cash flow

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Cash flow data
Operating cash flow (TTM)69.85M
Capital expenditures (TTM)726.00K
Free cash flow (TTM)69.13M
Dividends paid (TTM)31.50M

Financial returns

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Financial returns data
Return on Equity10.52%
Return on Assets1.29%
Return on Invested Capital9.91%
Cash Return on Invested Capital10.29%

STOCK INFORMATION

Stock chart

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Stock price data
Open8.55
Daily high8.63
Daily low8.51
Daily Volume356K
All-time high27.25
1y analyst estimate14.42
Beta0.96
EPS (TTM)1.08
Dividend per share0.52
Ex-div date7 Feb 2024
Next earnings date25 Apr 2024

Downside potential

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Downside potential data
HTBKS&P500
Current price drop from All-time high-68.51%-0.02%
Highest price drop-90.83%-56.47%
Date of highest drop9 Nov 20099 Mar 2009
Avg drop from high-52.66%-11.36%
Avg time to new high112 days13 days
Max time to new high4310 days1805 days

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COMPANY DETAILS
HTBK (Heritage Commerce Corp) company logo
Marketcap
522.50M
Marketcap category
Small-cap
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. 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. The company's loan portfolio comprises 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; small business administration loans; home equity lines of credit; multifamily loans on residential properties; residential mortgage loans; and consumer loans consisting of loans for financing automobiles, various consumer goods, and other personal purposes. 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. Heritage Commerce Corp was founded in 1994 and is headquartered in San Jose, California.
Employees
340
Investor relations
SEC filings
CEO
Keith Wilton
Country
USA
City
San Jose
Stock type
Common stock
CCC status
Dividend Challenger
Dividend Frequency
Quarterly
EVENTS AND PRESENTATIONS
EventsPresentations
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UNDERSTAND THE BUSINESS
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