HTBK Heritage Commerce Corp

  1. Stocks
  2. Financial Services
  3. NASDAQ: HTBK

Price (delayed)

$8.49

Market cap

$518.73M

P/E Ratio

7.19

Dividend/share

$0.52

EPS

$1.18

Enterprise value

-$87.36M

Heritage Commerce Corp, a California corporation organized in 1998, is a bank holding company registered under the Bank Holding Company Act of 1956, as amended. The Company provides a wide ...

Highlights
HTBK's P/E is 43% below its 5-year quarterly average of 12.6 and 12% below its last 4 quarters average of 8.2
Heritage Commerce's gross profit has increased by 14% YoY
The EPS has increased by 20% year-on-year but it has declined by 3.3% since the previous quarter
HTBK's net income is up by 20% year-on-year but it is down by 3.1% since the previous quarter
Sector: Financial Services
Industry: Banks - Regional
Website: http://www.heritagecommercecorp.com
Peers: CATY CVBF TCBK PPBI

Key stats

What are the main financial stats of HTBK
Market
Shares outstanding
61.1M
Market cap
$518.73M
Enterprise value
-$87.36M
Valuations
Price to earnings (P/E)
7.19
Price to book (P/B)
0.78
Price to sales (P/S)
2.57
EV/EBIT
-0.86
EV/EBITDA
-0.83
EV/Sales
-0.43
Earnings
Revenue
$201.52M
EBIT
$101.44M
EBITDA
$105M
Free cash flow
$103.35M
Per share
EPS
$1.18
Free cash flow per share
$1.69
Book value per share
$10.84
Revenue per share
$3.3
TBVPS
$85.55
Balance sheet
Total assets
$5.4B
Total liabilities
$4.74B
Debt
$39.46M
Equity
$661.93M
Working capital
N/A
Liquidity
Debt to equity
0.06
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
-5.77
Margins
EBITDA margin
52.1%
Gross margin
100%
Net margin
35.7%
Operating margin
50.3%
Efficiency
Return on assets
1.3%
Return on equity
11.1%
Return on invested capital
2.1%
Return on capital employed
N/A
Return on sales
50.3%
Dividend
Dividend yield
6.12%
DPS
$0.52
Payout ratio
44.1%

HTBK stock price

How has the Heritage Commerce stock price performed over time
Intraday
-0.59%
1 week
-1.16%
1 month
2.17%
1 year
-40.25%
YTD
-34.69%
QTD
0.24%

Financial performance

How have Heritage Commerce's revenue and profit performed over time
Revenue
$201.52M
Gross profit
$201.52M
Operating income
$101.44M
Net income
$71.91M
Gross margin
100%
Net margin
35.7%
HTBK's operating income is up by 20% year-on-year but it is down by 3.5% since the previous quarter
HTBK's net income is up by 20% year-on-year but it is down by 3.1% since the previous quarter
Heritage Commerce's gross profit has increased by 14% YoY
The revenue has increased by 14% year-on-year

Growth

What is Heritage Commerce's growth rate over time

Valuation

What is Heritage Commerce stock price valuation
HTBK P/E details
P/E
7.19
P/B
0.78
P/S
2.57
EV/EBIT
-0.86
EV/EBITDA
-0.83
EV/Sales
-0.43
HTBK's P/E is 43% below its 5-year quarterly average of 12.6 and 12% below its last 4 quarters average of 8.2
The EPS has increased by 20% year-on-year but it has declined by 3.3% since the previous quarter
HTBK's P/B is 29% lower than its 5-year quarterly average of 1.1 and 13% lower than its last 4 quarters average of 0.9
The company's equity rose by 9% YoY
The stock's price to sales (P/S) is 32% less than its 5-year quarterly average of 3.8 and 11% less than its last 4 quarters average of 2.9
The revenue has increased by 14% year-on-year

Efficiency

How efficient is Heritage Commerce business performance
The ROA has increased by 18% YoY but it has decreased by 7% QoQ
HTBK's return on equity is up by 12% year-on-year but it is down by 5% since the previous quarter
The return on sales has increased by 6% year-on-year but it has declined by 2.3% since the previous quarter
The ROIC has increased by 5% YoY but it has decreased by 4.5% from the previous quarter

Dividends

What is HTBK's dividend history
Dividend details
DPS
$0.52
Dividend yield
6.12%
Payout ratio
44.1%
Recent dividends

Financial health

How did Heritage Commerce financials performed over time
The total assets is 14% greater than the total liabilities
Heritage Commerce's debt is 94% lower than its equity
The company's equity rose by 9% YoY

All financial data is based on trailing twelve months (TTM) periods - updated quarterly, unless otherwise specified.