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HTBK Heritage Commerce Corp

Price (delayed)

$10.37

Market cap

$638.75M

P/E Ratio

15.25

Dividend/share

$0.52

EPS

$0.68

Enterprise value

-$66.61M

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
The company's equity rose by 2.9% YoY
The EPS has declined by 26% year-on-year but it has increased by 3% since the previous quarter
HTBK's net income is down by 25% year-on-year but it is up by 3.6% since the previous quarter
HTBK's P/E is 24% above its 5-year quarterly average of 12.3 and 15% above its last 4 quarters average of 13.3

Key stats

What are the main financial stats of HTBK
Market
Shares outstanding
61.6M
Market cap
$638.75M
Enterprise value
-$66.61M
Valuations
Price to earnings (P/E)
15.25
Price to book (P/B)
0.92
Price to sales (P/S)
3.66
EV/EBIT
-1.14
EV/EBITDA
-1.07
EV/Sales
-0.38
Earnings
Revenue
$174.08M
Gross profit
$174.08M
Operating income
$58.58M
Net income
$41.99M
EBIT
$58.58M
EBITDA
$62.06M
Free cash flow
$45.29M
Per share
EPS
$0.68
EPS diluted
$0.68
Free cash flow per share
$0.74
Book value per share
$11.33
Revenue per share
$2.83
TBVPS
$86.92
Balance sheet
Total assets
$5.51B
Total liabilities
$4.82B
Debt
$39.69M
Equity
$696.19M
Working capital
N/A
Liquidity
Debt to equity
0.06
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
-11.37
Margins
EBITDA margin
35.6%
Gross margin
100%
Net margin
24.1%
Operating margin
33.7%
Efficiency
Return on assets
0.8%
Return on equity
6.1%
Return on invested capital
1.3%
Return on capital employed
N/A
Return on sales
33.7%
Dividend
Dividend yield
5.01%
DPS
$0.52
Payout ratio
76.5%

HTBK stock price

How has the Heritage Commerce stock price performed over time
Intraday
-0.96%
1 week
-2.99%
1 month
7.8%
1 year
14.46%
YTD
10.55%
QTD
4.43%

Financial performance

How have Heritage Commerce's revenue and profit performed over time
Revenue
$174.08M
Gross profit
$174.08M
Operating income
$58.58M
Net income
$41.99M
Gross margin
100%
Net margin
24.1%

HTBK financials

HTBK's net income is down by 25% year-on-year but it is up by 3.6% since the previous quarter
HTBK's operating income is down by 25% year-on-year but it is up by 3.4% since the previous quarter
HTBK's operating margin is down by 22% YoY
Heritage Commerce's net margin has decreased by 21% YoY

Price vs fundamentals

How does HTBK's price correlate with its fundamentals

HTBK Price vs fundamentals

HTBK Earnings waterfall

HTBK Price vs fair value

Growth

What is Heritage Commerce's growth rate over time

HTBK growth chart

Valuation

What is Heritage Commerce stock price valuation
P/E
15.25
P/B
0.92
P/S
3.66
EV/EBIT
-1.14
EV/EBITDA
-1.07
EV/Sales
-0.38

Valuation vs average

Price to earnings (P/E)

The EPS has declined by 26% year-on-year but it has increased by 3% since the previous quarter
HTBK's P/E is 24% above its 5-year quarterly average of 12.3 and 15% above its last 4 quarters average of 13.3

Price to book (P/B)

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 2.9% YoY

Price to sales (P/S)

The stock's price to sales (P/S) is 11% more than its last 4 quarters average of 3.3
The revenue has declined by 4.1% year-on-year but it has increased by 2.2% since the previous quarter

Efficiency

How efficient is Heritage Commerce business performance
The ROA has decreased by 27% YoY but it has increased by 14% QoQ
HTBK's return on equity is down by 27% year-on-year but it is up by 3.4% since the previous quarter
The ROIC has decreased by 24% YoY
The return on sales has declined by 22% year-on-year

Dividends

What is HTBK's dividend history
DPS
$0.52
Dividend yield
5.01%
Payout ratio
76.5%
Recent dividends

Special dividends are included in TTM DPS and yield

Financial health

How did Heritage Commerce financials performed over time

Assets vs liabilities

The total assets is 14% greater than the total liabilities
The total assets is up by 4.9% year-on-year but it is down by 2.3% since the previous quarter
HTBK's total liabilities is up by 5% YoY but it is down by 2.8% from the previous quarter

Debt vs equity

Heritage Commerce's debt is 94% lower than its equity
The company's equity rose by 2.9% YoY

Balance sheet

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