HTBK - Heritage Commerce Corp Stock Price, Fair Value and News

8.51USD+0.10 (+1.19%)Market Closed

Market Summary

USD8.51+0.10

Market Closed

1.19%

HTBK Alerts

Big fall in Revenue (Y/Y)

Big fall in earnings (Y/Y)

HTBK Stock Price

View Fullscreen

HTBK RSI Chart

HTBK Valuation

Market Cap

521.3M

Price/Earnings (Trailing)

9.36

Price/Sales (Trailing)

2.42

EV/EBITDA

-0.08

Price/Free Cashflow

10.77

HTBK Price/Sales (Trailing)

HTBK Profitability

EBT Margin

36.32%

Return on Equity

8.23%

Return on Assets

1.06%

Free Cashflow Yield

9.29%

HTBK Fundamentals

HTBK Revenue

Revenue (TTM)

215.5M

Rev. Growth (Yr)

-20.74%

Rev. Growth (Qtr)

-32.47%

HTBK Earnings

Earnings (TTM)

55.7M

Earnings Growth (Yr)

-46.26%

Earnings Growth (Qtr)

-23.72%

Breaking Down HTBK Revenue

Last 7 days

1.3%

Last 30 days

8.4%

Last 90 days

1.7%

Trailing 12 Months

12.0%

How does HTBK drawdown profile look like?

HTBK Financial Health

HTBK Investor Care

Dividend Yield

6.11%

Dividend/Share (TTM)

0.52

Shares Dilution (1Y)

0.47%

Diluted EPS (TTM)

0.92

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	215.5M	0	0	0
2023	201.7M	209.2M	219.8M	227.1M
2022	157.9M	157.8M	168.0M	185.3M
2021	139.1M	142.9M	146.5M	151.8M
2020	150.2M	149.5M	152.5M	146.2M
2019	135.4M	136.9M	135.6M	142.7M
2018	110.1M	116.0M	122.6M	129.8M
2017	96.1M	98.7M	102.8M	106.9M
2016	81.8M	87.2M	93.3M	94.4M
2015	62.8M	66.8M	70.0M	76.2M
2014	53.8M	55.1M	56.2M	59.3M
2013	52.0M	51.5M	52.1M	52.8M
2012	52.5M	52.8M	52.6M	52.6M
2011	53.7M	52.5M	52.2M	52.0M
2010	0	59.9M	57.5M	55.1M
2009	0	0	0	62.3M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

Try For Just $1.99

Tracking the Latest Insider Buys and Sells of Heritage Commerce Corp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 07, 2024	cabral bruce h	acquired	11,238	4.55	2,470	-
May 02, 2024	peng coonley janice yuli	acquired	-	-	196	evp/chief people & culture
May 02, 2024	mcgovern lawrence d	acquired	-	-	4,677	evp/cfo
May 02, 2024	jones robertson clay jr	acquired	-	-	678	president and ceo
May 02, 2024	reuter deborah	acquired	-	-	226	evp/cro/corporate secretary
May 02, 2024	jones robertson clay jr	acquired	-	-	10,493	president and ceo
May 02, 2024	mcgovern lawrence d	acquired	-	-	301	evp/cfo
May 02, 2024	peng coonley janice yuli	acquired	-	-	3,041	evp/chief people & culture
May 02, 2024	reuter deborah	acquired	-	-	3,526	evp/cro/corporate secretary
May 01, 2024	sutton marina park	acquired	23,218	4.7	4,940	-

Which funds bought or sold HTBK recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-4.96	-113,183	522,659	-%
May 16, 2024	EJF Capital LLC	new	-	1,321,450	1,321,450	0.92%
May 16, 2024	Colony Group, LLC	new	-	147,000	147,000	-%
May 16, 2024	COMERICA BANK	reduced	-48.13	-1,318	1,072	-%
May 16, 2024	JANE STREET GROUP, LLC	reduced	-15.24	-115,209	316,499	-%
May 15, 2024	Aquatic Capital Management LLC	added	51.57	48,778	206,778	0.01%
May 15, 2024	FIRST MANHATTAN CO. LLC.	unchanged	-	-123,340	789,746	-%
May 15, 2024	Elequin Capital, LP	sold off	-100	-261,332	-	-%
May 15, 2024	BANK OF AMERICA CORP /DE/	reduced	-10.69	-306,904	1,041,680	-%
May 15, 2024	Siena Capital Partners GP, LLC	unchanged	-	-536,012	3,432,080	1.14%

Are Funds Buying or Selling HTBK?

Are funds buying HTBK calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own HTBK

No. of Funds

Unveiling Heritage Commerce Corp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Mar 05, 2024	fj capital management llc	5.24%	3,202,856	SC 13G
Feb 16, 2024	t. rowe price investment management, inc.	4.8%	2,939,089	SC 13G/A
Feb 14, 2024	t. rowe price investment management, inc.	4.8%	2,939,089	SC 13G
Feb 13, 2024	vanguard group inc	5.21%	3,185,168	SC 13G
Jan 23, 2024	blackrock inc.	13.7%	8,394,654	SC 13G/A
Jul 07, 2023	blackrock inc.	12.3%	7,524,143	SC 13G
Feb 14, 2023	t. rowe price investment management, inc.	9.3%	5,621,035	SC 13G
Feb 14, 2023	price t rowe associates inc /md/	0.5%	288,799	SC 13G/A
Feb 08, 2023	fj capital management llc	4.62%	2,804,416	SC 13G/A
Feb 03, 2023	blackrock inc.	8.2%	4,971,935	SC 13G/A

Recent SEC filings of Heritage Commerce Corp

View All Filings

Date Filed	Form Type	Document
May 09, 2024	10-Q	Quarterly Report
May 08, 2024	4	Insider Trading
May 06, 2024	4	Insider Trading
May 06, 2024	4	Insider Trading
May 06, 2024	4	Insider Trading
May 06, 2024	4	Insider Trading
May 06, 2024	8-K	Current Report
May 03, 2024	4	Insider Trading
Apr 26, 2024	8-K	Current Report
Apr 11, 2024	ARS	ARS

Peers (Alternatives to Heritage Commerce Corp)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	588.1B	174.7B	13.73%	46.82%	11.68	3.37	53.11%	19.83%
BAC	307.4B	137.9B	11.58%	38.08%	12.28	2.23	56.12%	-12.56%
WFC	213.0B	85.8B	6.86%	51.95%	11.35	2.48	35.02%	26.14%
C	122.2B	125.0B	10.16%	38.13%	15.29	0.98	37.85%	-
CFG	16.9B	10.4B	12.51%	41.04%	11.81	1.62	26.22%	-33.87%
KEY	14.5B	8.1B	6.72%	53.23%	16.61	1.78	32.15%	-50.93%
MID-CAP
CMA	7.3B	4.2B	10.08%	41.38%	10.46	1.71	34.68%	-45.96%
ZION	6.6B	4.1B	14.23%	65.05%	10.55	1.63	32.93%	-30.73%
ABCB	3.5B	1.3B	13.35%	57.95%	12.32	2.65	30.60%	-12.99%
ASB	3.4B	2.0B	11.57%	43.03%	20.88	1.65	47.11%	-59.32%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
AROW	417.1M	173.1M	15.06%	27.00%	14.3	2.41	26.54%	-34.86%
ALRS	390.4M	152.4M	-0.90%	32.84%	39.27	2.56	16.94%	-73.84%
ACNB	295.5M	98.7M	10.19%	20.01%	10.04	2.99	6.27%	-22.90%
ASRV	48.0M	62.5M	8.95%	-1.75%	-16.24	0.77	18.83%	-145.18%

Heritage Commerce Corp News

Latest updates

Heritage Commerce Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-32.5%	45.00	66.00	61.00	44.00	56.00	59.00	50.00	37.00	40.00	41.00	40.00	37.00	34.00	36.00	36.00	33.00	41.00	42.00	33.00	33.00	33.00
EBITDA Margin	-2.8%	1.17*	1.20*	1.34*	1.44*	1.46*	1.48*	1.49*	1.49*	1.38*	1.40*	1.40*	1.38*	-	-	-	-	-	-	-	-	-
Interest Expenses	-5.2%	40.00	42.00	45.00	46.00	49.00	52.00	48.00	42.00	38.00	38.00	38.00	35.00	35.00	34.00	34.00	35.00	39.00	39.00	31.00	31.00	31.00
Income Taxes	-17.2%	4.00	5.00	6.00	7.00	8.00	9.00	8.00	6.00	5.00	5.00	6.00	3.00	4.00	4.00	4.00	4.00	1.00	2.00	5.00	5.00	5.00
Earnings Before Taxes	-21.9%	14.00	18.00	22.00	23.00	27.00	29.00	26.00	21.00	18.00	19.00	19.00	12.00	16.00	16.00	15.00	15.00	3.00	8.00	16.00	16.00	17.00
EBT Margin	-8.8%	0.36*	0.40*	0.46*	0.50*	0.51*	0.51*	0.50*	0.49*	0.43*	0.43*	0.43*	0.41*	-	-	-	-	-	-	-	-	-
Net Income	-23.7%	10.00	13.00	16.00	16.00	19.00	21.00	18.00	15.00	13.00	14.00	14.00	9.00	11.00	12.00	11.00	11.00	2.00	6.00	11.00	11.00	12.00
Net Income Margin	-8.9%	0.26*	0.28*	0.33*	0.35*	0.36*	0.36*	0.36*	0.35*	0.31*	0.31*	0.31*	0.30*	-	-	-	-	-	-	-	-	-
Free Cashflow	237.7%	7.00	-5.02	16.00	30.00	30.00	27.00	16.00	9.00	17.00	17.00	18.00	11.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	1.2%	5,256	5,194	5,403	5,312	5,537	5,158	5,431	5,357	5,427	5,499	5,463	5,073	5,001	4,634	4,607	4,614	4,078	4,109	3,182	3,108	3,116
Cash Equivalents	32.6%	541	408	646	512	740	307	682	877	1,217	1,306	1,621	1,328	1,443	1,131	960	926	443	457	416	276	235
Net PPE	1.3%	10.00	10.00	10.00	9.00	9.00	9.00	9.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	9.00	8.00	7.00	7.00	7.00
Goodwill	0%	168	168	168	168	168	168	168	168	168	168	168	168	168	168	168	168	167	167	84.00	84.00	84.00
Liabilities	1.3%	4,580	4,521	4,741	4,658	4,889	4,525	4,822	4,750	4,826	4,901	4,873	4,489	4,420	4,056	4,029	4,040	3,507	3,533	2,787	2,720	2,737
Shareholder's Equity	0.5%	676	673	662	654	647	632	610	607	601	598	590	583	582	578	578	575	571	577	395	388	379
Retained Earnings	1.2%	181	179	174	166	157	146	133	123	116	111	105	99.00	98.00	95.00	91.00	88.00	85.00	97.00	98.00	92.00	86.00
Shares Outstanding	0.2%	61.00	61.00	61.00	61.00	61.00	61.00	61.00	61.00	60.00	60.00	60.00	60.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	400	-	-	-	508	-	-	-	514	-	-	-	354	-	-	-	372	-

Cashflow (Last 12 Months)

(In Millions)

Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	260.2%	7.00	-4.58	17.00	31.00	30.00	27.00	16.00	10.00	17.00	17.00	18.00	11.00	10.00	22.00	9.00	16.00	10.00	17.00	16.00	5.00	13.00
Cashflow From Investing	339.2%	67.00	-28.12	50.00	-7.90	56.00	-101	-272	-265	-28.88	-358	-99.63	-183	-55.42	132	42.00	-59.85	31.00	90.00	63.00	59.00	60.00
Cashflow From Financing	128.6%	59.00	-204	67.00	-251	348	-300	62.00	-84.40	-76.95	26.00	374	58.00	357	16.00	-17.39	526	-55.09	-65.34	61.00	-22.67	-2.21
Dividend Payments	0.1%	8.00	8.00	8.00	8.00	8.00	8.00	8.00	8.00	8.00	8.00	8.00	8.00	8.00	8.00	8.00	8.00	8.00	7.00	5.00	5.00	5.00

Get Full Access to Grufity – and Unlimited Downloads

Gain full access to fair value, watchlists, stock screener, unlimited page visits, and additional features by joining as a member today for just $1.99.

Try For Just $1.99

HTBK Income Statement

2024-03-31

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Interest income:
Loans, including fees	$ 44,600	$ 44,112
Securities, taxable	6,183	7,056
Securities, exempt from Federal tax	226	247
Other investments, interest-bearing deposits in other financial institutions and Federal funds sold	6,542	4,859
Total interest income	57,551	56,274
Interest expense:
Deposits	16,920	5,901
Short-term borrowings		578
Subordinated debt	538	537
Total interest expense	17,458	7,016
Net interest income before provision for credit losses on loans	40,093	49,258
Provision for credit losses on loans	184	32
Net interest income after provision for credit losses on loans	39,909	49,226
Noninterest income:
Service charges and fees on deposit accounts	877	1,743
Increase in cash surrender value of life insurance	518	493
Gain on sales of SBA loans	178	76
Servicing income	90	131
Termination fees	13	11
Other	371	312
Total noninterest income	2,047	2,766
Noninterest expense:
Salaries and employee benefits	15,509	14,809
Occupancy and equipment	2,443	2,400
Professional fees	1,327	1,399
Other	8,257	6,793
Total noninterest expense	27,536	25,401
Income before income taxes	14,420	26,591
Income tax expense	4,254	7,674
Net income	$ 10,166	$ 18,917
Earnings per common share:
Basic (in dollars per share)	$ 0.17	$ 0.31
Diluted (in dollars per share)	$ 0.17	$ 0.31

HTBK Balance Sheet

2024-03-31

CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Assets
Cash and due from banks	$ 32,543,000	$ 41,592,000
Other investments and interest-bearing deposits in other financial institutions	508,816,000	366,537,000
Total cash and cash equivalents	541,359,000	408,129,000
Securities available-for-sale, at fair value	404,474,000	442,636,000
Securities held-to-maturity, at amortized cost, net of allowance for credit losses of $12 (fair value of $542,858 and $564,127, respectively)	636,249,000	650,565,000
Loans held-for-sale - SBA, at lower of cost or fair value, including deferred costs	1,946,000	2,205,000
Loans, net of deferred fees	3,336,102,000	3,350,378,000
Allowance for credit losses on loans	(47,888,000)	(47,958,000)
Loans, net	3,288,214,000	3,302,420,000
Federal Home Loan Bank ("FHLB"), Federal Reserve Bank ("FRB") stock and other investments, at cost	32,544,000	32,540,000
Company-owned life insurance	80,007,000	79,489,000
Premises and equipment, net	9,986,000	9,857,000
Goodwill	167,631,000	167,631,000
Other intangible assets	8,074,000	8,627,000
Accrued interest receivable and other assets	85,590,000	89,996,000
Total assets	5,256,074,000	5,194,095,000
Deposits:
Demand, noninterest-bearing	1,242,059,000	1,292,486,000
Demand, interest-bearing	925,100,000	914,066,000
Savings and money market	1,124,900,000	1,087,518,000
Time deposits - under $250	38,105,000	38,055,000
Time deposits - $250 and over	200,739,000	192,228,000
Insured Cash Sweep ("ICS")/Certificates of Deposit Account Registry Service ("CDARS") - interest-bearing demand, money market and time deposits	913,757,000	854,105,000
Total deposits	4,444,660,000	4,378,458,000
Subordinated debt, net of issuance costs	39,539,000	39,502,000
Accrued interest payable and other liabilities	95,579,000	103,234,000
Total liabilities	4,579,778,000	4,521,194,000
Shareholders' equity:
Common stock, no par value; 100,000,000 shares authorized; 61,253,625 and 61,146,835 shares issued and outstanding, respectively	507,578,000	506,539,000
Retained earnings	181,306,000	179,092,000
Accumulated other comprehensive loss	(12,588,000)	(12,730,000)
Total shareholders' equity	676,296,000	672,901,000
Total liabilities and shareholders' equity	$ 5,256,074,000	$ 5,194,095,000

About Heritage Commerce Corp

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.

CEO	Mr. Robertson Jones
WEBSITE	heritagecommercecorp.com
INDUSTRY	Banks Diversified
EMPLOYEES	347

Heritage Commerce Corp Frequently Asked Questions

What is the ticker symbol for Heritage Commerce Corp? What does HTBK stand for in stocks?

HTBK is the stock ticker symbol of Heritage Commerce Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Heritage Commerce Corp (HTBK)?

As of Fri May 17 2024, market cap of Heritage Commerce Corp is 521.29 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of HTBK stock?

You can check HTBK's fair value in chart for subscribers.

What is the fair value of HTBK stock?

You can check HTBK's fair value in chart for subscribers. The fair value of Heritage Commerce Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Heritage Commerce Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for HTBK so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Heritage Commerce Corp a good stock to buy?

The fair value guage provides a quick view whether HTBK is over valued or under valued. Whether Heritage Commerce Corp is cheap or expensive depends on the assumptions which impact Heritage Commerce Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for HTBK.

What is Heritage Commerce Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, HTBK's PE ratio (Price to Earnings) is 9.36 and Price to Sales (PS) ratio is 2.42. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. HTBK PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Heritage Commerce Corp's stock?

In the past 10 years, Heritage Commerce Corp has provided 0.041 (multiply by 100 for percentage) rate of return.