Ticker
HTBK

Price
11.85
Stock movement up
+0.17 (1.46%)
Company name
Heritage Commerce Corp
Exchange
(NASDAQ
,
Currency
USD
)
Sector
Financial Services >
Banks-Regional
Market cap
716.27M
Ent value
4.33B
Price/Sales
4.50
Price/Book
1.19
Div yield
4.39%
Div growth
7.63%
Growth years
8
FCF payout
49.80%
Trailing P/E
14.51
Forward P/E
9.33
PEG
2.07
EPS growth
15.10%
1 year return
5.52%
3 year return
0.86%
5 year return
-2.43%
10 year return
6.22%
Last updated: 2022-08-25

DIVIDENDS

Dividend yield - 5y

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Dividend yield data
Dividend per share0.52
Dividend yield4.39%
Payout frequencyQuarterly
Maximum yield8.39%
Average yield4.38%
Minimum yield2.44%
Discount to avg yield0.17%
Upside potential0.17%
Yield as % of max yield52.32%

Yield distribution (inverse percentile) - 5y

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Yield distribution data
Dividend yield4.39%
Current yield distribution42.38%
Yield at 100% (Min)2.44%
Yield at 90%2.72%
Yield at 80%2.93%
Yield at 50% (Median)4.25%
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 date10 Aug 2022
EPS (TTM)0.81
EPS (1y forward)1.27
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%15.44%
DGR TTM-7.80%
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 announced983 days
EPS growth (5y)15.10%
EPS growth (5y forward)7.00%

Payout ratio

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Payout ratio data
EPS coverageFCF coverage
TTM63.47%49.80%
Average--
Forward40.94%-

VALUATION

Valuation Ratios

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Valuation Ratios data
Trailing P/E14.51
Price to OCF11.30
Price to FCF11.39
Price to EBITDA5.74
EV to EBITDA34.67

Valuation (Sales/Book Value)

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Valuation (Sales/Book Value) data
Price to Sales4.50
Price to Book1.19
EV to Sales27.16

FINANCIALS

Per share

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Per share data
Current share count60.44M
EPS (TTM)0.81
FCF per share (TTM)1.03

Income statement

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Income statement data
Revenue (TTM)159.24M
Gross profit (TTM)164.40M
Operating income (TTM)161.96M
Net income (TTM)49.36M
EPS (TTM)0.81
EPS (1y forward)1.27

Margins

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Margins data
Gross margin (TTM)103.24%
Operating margin (TTM)101.71%
Profit margin (TTM)31.00%

Balance Sheet

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Balance Sheet data
Cash1.22B
Net receivables79.29M
Total current assets1.30B
Goodwill167.63M
Intangible assets13.01M
Property, plant and equipment0.00
Total assets5.43B
Accounts payable96.45M
Short/Current long term debt39.99M
Total current liabilities4.69B
Total liabilities4.83B
Shareholder's equity601.06M
Net tangible assets420.42M

Cash flow

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Cash flow data
Operating cash flow (TTM)63.38M
Capital expenditures (TTM)472.00K
Free cash flow (TTM)62.90M
Dividends paid (TTM)31.33M

Financial returns

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Financial returns data
Return on Equity8.21%
Return on Assets0.91%
Return on Invested Capital7.70%
Cash Return on Invested Capital9.81%

STOCK INFORMATION

Stock chart

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Stock price data
Open11.76
Daily high11.85
Daily low11.72
Daily Volume91K
All-time high27.25
1y analyst estimate13.58
Beta0.99
EPS (TTM)0.81
Dividend per share0.52
Ex-div date10 Aug 2022
Next earnings date26 Oct 2022

Downside potential

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Downside potential data
HTBKS&P500
Current price drop from All-time high-56.51%-12.18%
Highest price drop-90.83%-56.47%
Date of highest drop9 Nov 20099 Mar 2009
Avg drop from high-51.93%-11.38%
Avg time to new high105 days12 days
Max time to new high3911 days1805 days
COMPANY DETAILS
HTBK (Heritage Commerce Corp) company logo
Marketcap
716.27M
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 17 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
The board of Heritage Commerce Corp ( NASDAQ:HTBK ) has announced that it will pay a dividend on the 25th of August...
August 2, 2022
Heritage Commerce (HTBK) delivered earnings and revenue surprises of 0% and 3.20%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
July 28, 2022
SAN JOSE, Calif., July 28, 2022 (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...
July 28, 2022
SAN JOSE, Calif., July 28, 2022 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (Nasdaq: HTBK), the holding company (the “Company”) for Heritage Bank of Commerce (the “Bank”), today announced second quarte...
July 28, 2022
Clay Jones Named President and CEO Clay Jones Named President and CEO of HeritageCommerce Corp SAN JOSE, Calif., July 28, 2022 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (Nasdaq: HTBK), the holding co...
July 28, 2022
Expands footprint with 18th location in Bay AreaSAN JOSE, Calif., July 18, 2022 (GLOBE NEWSWIRE) -- Heritage Bank of Commerce (the “Bank”), a subsidiary of Heritage Commerce Corp. (Nasdaq: HTBK), toda...
July 18, 2022
The average of price targets set by Wall Street analysts indicates a potential upside of 27% in Heritage Commerce (HTBK). While the effectiveness of this highly sought-after metric is questionable, th...
July 12, 2022
Talented Industry Veteran Brings Extensive Human Resources Experience Jan Coonley Heritage Bank of Commerce Chief People and Diversity Officer SAN JOSE, Calif., July 12, 2022 (GLOBE NEWSWIRE) -- Herit...
July 12, 2022
HTBK, DELL, and R made it to the Zacks Rank #1 (Strong Buy) income stocks list on June 23, 2022.
June 23, 2022
Every investor in Heritage Commerce Corp ( NASDAQ:HTBK ) should be aware of the most powerful shareholder groups...
June 22, 2022
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