HTBK Heritage Commerce Corp

Price (delayed)

$10.485

Market cap

$642.27M

P/E Ratio

11.4

Dividend/share

$0.52

EPS

$0.92

Enterprise value

$140.45M

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
Heritage Commerce's debt has shrunk by 88% YoY
The company's equity rose by 4.5% YoY
HTBK's P/E is 35% above its last 4 quarters average of 8.2 but 9% below its 5-year quarterly average of 12.2
HTBK's net income is down by 23% year-on-year and by 14% since the previous quarter
The EPS has declined by 23% year-on-year and by 13% since the previous quarter

Key stats

What are the main financial stats of HTBK
Market
Shares outstanding
61.26M
Market cap
$642.27M
Enterprise value
$140.45M
Valuations
Price to book (P/B)
0.95
Price to sales (P/S)
3.53
EV/EBIT
1.79
EV/EBITDA
1.72
EV/Sales
0.77
Earnings
Revenue
$181.44M
EBIT
$78.25M
EBITDA
$81.75M
Free cash flow
$48.4M
Per share
EPS
$0.92
Free cash flow per share
$0.79
Book value per share
$11.06
Revenue per share
$2.97
TBVPS
$83.05
Balance sheet
Total assets
$5.26B
Total liabilities
$4.58B
Debt
$39.54M
Equity
$676.3M
Working capital
N/A
Liquidity
Debt to equity
0.06
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
-6.14
Margins
EBITDA margin
45.1%
Gross margin
100%
Net margin
30.7%
Operating margin
43.1%
Efficiency
Return on assets
1.1%
Return on equity
8.4%
Return on invested capital
1.7%
Return on capital employed
N/A
Return on sales
43.1%
Dividend
Dividend yield
4.96%
DPS
$0.52
Payout ratio
56.5%

HTBK stock price

How has the Heritage Commerce stock price performed over time
Intraday
3.1%
1 week
5.27%
1 month
32.05%
1 year
13.84%
YTD
5.7%
QTD
20.52%

Financial performance

How have Heritage Commerce's revenue and profit performed over time
Revenue
$181.44M
Gross profit
$181.44M
Operating income
$78.25M
Net income
$55.69M
Gross margin
100%
Net margin
30.7%
HTBK's operating income is down by 24% year-on-year and by 13% since the previous quarter
HTBK's net income is down by 23% year-on-year and by 14% since the previous quarter
HTBK's operating margin is down by 16% YoY and by 9% from the previous quarter
Heritage Commerce's net margin has decreased by 15% YoY and by 9% QoQ

Growth

What is Heritage Commerce's growth rate over time

Valuation

What is Heritage Commerce stock price valuation
P/E
11.4
P/B
0.95
P/S
3.53
EV/EBIT
1.79
EV/EBITDA
1.72
EV/Sales
0.77
HTBK's P/E is 35% above its last 4 quarters average of 8.2 but 9% below its 5-year quarterly average of 12.2
The EPS has declined by 23% year-on-year and by 13% since the previous quarter
HTBK's P/B is 15% higher than its last 4 quarters average of 0.8 but 8% lower than its 5-year quarterly average of 1.0
The company's equity rose by 4.5% YoY
The stock's price to sales (P/S) is 23% more than its last 4 quarters average of 2.8 but 7% less than its 5-year quarterly average of 3.7
The revenue has declined by 9% year-on-year and by 5% since the previous quarter

Efficiency

How efficient is Heritage Commerce business performance
HTBK's return on equity is down by 28% year-on-year and by 14% since the previous quarter
The ROIC has decreased by 23% YoY and by 11% from the previous quarter
The ROA has decreased by 21% YoY and by 8% QoQ
The return on sales has declined by 16% year-on-year and by 9% since the previous quarter

Dividends

What is HTBK's dividend history
DPS
$0.52
Dividend yield
4.96%
Payout ratio
56.5%
Recent dividends

Financial health

How did Heritage Commerce financials performed over time
The total assets is 15% greater than the total liabilities
HTBK's total liabilities is down by 6% YoY
The total assets is down by 5% year-on-year
Heritage Commerce's debt is 94% lower than its equity
Heritage Commerce's debt has shrunk by 88% YoY
The debt to equity has dropped by 88% year-on-year

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