Heritage Commerce Corp stock page - price, fundamentals, dividends - iOCharts

HTBK

12.73
+0.04 (0.32%)
Heritage Commerce Corp (NASDAQ, USD)
Financial Services >
Banks-Regional
Market cap
767.19M
Ent value
4.02B
Price/Sales
5.05
Price/Book
1.30
Div yield
4.08%
Div growth
7.63%
Growth years
8
FCF payout
56.58%
Trailing P/E
21.73
Forward P/E
15.52
PEG
3.10
EPS growth
15.10%
1 year return
30.16%
3 year return
-0.31%
5 year return
-1.86%
10 year return
9.37%
Last updated: 2022-01-19

STOCK INFORMATION

Stock chart

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Stock price data
Open12.70
Daily high12.94
Daily low12.59
Daily Volume175K
All-time high27.25
1y analyst estimate13.63
Beta1.17
EPS (TTM)0.59
Dividend per share0.52
Ex-div date8 Nov 2021
Next earnings date21 Oct 2021

Downside potential

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Downside potential data
HTBKS&P500
Current price drop from All-time high-53.28%-4.44%
Highest price drop-90.83%-56.47%
Date of highest drop9 Nov 20099 Mar 2009
Avg drop from high-51.78%-11.36%
Avg time to new high102 days12 days
Max time to new high3759 days1805 days

DIVIDENDS

Dividend yield - 5y

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Dividend yield data
Dividend per share0.52
Dividend yield4.08%
Payout frequencyQuarterly
Maximum yield8.39%
Average yield4.18%
Minimum yield2.44%
Discount to avg yield-2.39%
Upside potential-2.34%
Yield as % of max yield48.70%

Yield distribution (inverse percentile) - 5y

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Yield distribution data
Dividend yield4.08%
Current yield distribution47.14%
Yield at 100% (Min)2.44%
Yield at 90%2.72%
Yield at 80%2.85%
Yield at 50% (Median)4.00%
Yield at 20%5.20%
Yield at 10%6.76%
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 date8 Nov 2021
EPS (TTM)0.59
EPS (1y forward)0.82
EPS growth (5y)15.10%
EPS growth (5y forward)7.00%

Dividend growth

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Dividend growth data
HTBKS&P500
DGR MR8.33%14.59%
DGR TTM-0.48%
DGR 3 years5.73%3.88%
DGR 5 years7.63%4.73%
DGR 10 years-8.30%
DGR 15 years-5.82%
Time since last change announced728 days
EPS growth (5y)15.10%
EPS growth (5y forward)7.00%

Payout ratio

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Payout ratio data
EPS coverageFCF coverage
TTM88.05%56.58%
Average--
Forward63.41%-

VALUATION

Valuation Ratios

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Valuation Ratios data
Trailing P/E21.73
Price to OCF13.21
Price to FCF13.97
Price to EBITDA14.27
EV to EBITDA74.74

Valuation (Sales/Book Value)

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Valuation (Sales/Book Value) data
Price to Sales5.05
Price to Book1.30
EV to Sales26.47

FINANCIALS

Per share

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Per share data
Current share count60.27M
EPS (TTM)0.59
FCF per share (TTM)0.92

Income statement

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Income statement data
Revenue (TTM)151.81M
Gross profit (TTM)158.31M
Operating income (TTM)263.14M
Net income (TTM)35.30M
EPS (TTM)0.59
EPS (1y forward)0.82

Margins

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Margins data
Gross margin (TTM)104.28%
Operating margin (TTM)173.33%
Profit margin (TTM)23.25%

Balance Sheet

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Balance Sheet data
Cash1.62B
Net receivables121.13M
Total current assets157.82M
Goodwill167.63M
Intangible assets14.42M
Property, plant and equipment0.00
Total assets5.46B
Accounts payable4.73B
Short/Current long term debt0.00
Total current liabilities4.83B
Total liabilities4.87B
Shareholder's equity590.12M
Net tangible assets408.06M

Cash flow

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Cash flow data
Operating cash flow (TTM)58.09M
Capital expenditures (TTM)3.16M
Free cash flow (TTM)54.93M
Dividends paid (TTM)31.08M

Financial returns

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Financial returns data
Return on Equity6.11%
Return on Assets0.76%
Return on Invested Capital5.72%
Cash Return on Invested Capital8.89%
COMPANY DETAILS
HTBK (Heritage Commerce Corp) company logo
Marketcap
767.19M
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. The company operates through nineteen full-service branch offices located in the general San Francisco Bay Area of California. Heritage Commerce Corp was founded in 1994 and is headquartered in San Jose, California.
Employees
325
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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COMPANY NEWS
All newsPress releases
Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...
December 22, 2021
The move could signal a succession plan is underway at one of the Bay Area's largest community banks.
December 15, 2021
SAN JOSE, Calif., Dec. 13, 2021 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (Nasdaq: HTBK), the holding company (the “Company”) of Heritage Bank of Commerce (the “Bank”), today announced that the Board...
December 13, 2021
SAN JOSE, Calif., Dec. 13, 2021 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (Nasdaq: HTBK), the holding company (the “Company”) for Heritage Bank of Commerce (the “Bank”), today announced the appointme...
December 13, 2021
Stephen G Heitel, Insider at Heritage Commerce (NASDAQ:HTBK), made a large insider sell on November 8, according to a new SEC filing. What Happened: A Form 4 filing from the U.S. Securities and Exchan...
November 11, 2021
Strengthens Commitment to Growth in the San Francisco Bay Area by Tapping Experienced Regional BankerSAN JOSE, Calif., Nov. 10, 2021 (GLOBE NEWSWIRE) -- Heritage Bank of Commerce (the “Bank”), a subsi...
November 10, 2021
Heritage Commerce (HTBK) delivered earnings and revenue surprises of 9.52% and 2.55%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?
October 28, 2021
The lawsuit comes after a previous legal action filed against the bank last year by two former employees alleging labor violations and sexual harassment. Litigation in those cases are still ongoing.
October 28, 2021
SAN JOSE, Calif., Oct. 28, 2021 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (Nasdaq: HTBK), the holding company for Heritage Bank of Commerce, today announced that its Board of Directors declared its r...
October 28, 2021
SAN JOSE, Calif., Oct. 28, 2021 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (Nasdaq: HTBK), the holding company (the “Company”) for Heritage Bank of Commerce (the “Bank”), today announced third quarter...
October 28, 2021
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