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HTBK Heritage Commerce PE ratio, current and historical analysis

As of Feb 28, 2024, the Heritage Commerce stock's PE ratio is 6.91. This results from the current EPS of $1.18 and stock price of $8.15. The P/E ratio has decreased by 16% from the past four quarters average of 8.2.

HTBK PE ratio history

How has HTBK's PE ratio performed in the past

The PE ratio of Heritage Commerce has averaged 16.94 over the last ten years. The current PE ratio of 6.91 is 59% below the historical average. In the past ten years, HTBK's PE ratio was at its highest in the Jun 2018 quarter at 33.31, when the stock price was $16.99 and the EPS was $0.51. The lowest value was in the Jun 2023 quarter, when it reached 6.79 with a price of $8.28 and an EPS of $1.22.

Average
16.94
Median
16.29
Minimum
6.79
Maximum
33.31

Heritage Commerce PE ratio by year

Maximum annual increase: 21.36% in 2017

Maximum annual decrease: -45.15% in 2018

Year PE ratio Change
2022 11.82 -21.77%
2021 15.11 0.53%
2020 15.03 1.9%
2019 14.75 10.57%
2018 13.34 -45.15%
2017 24.32 21.36%
2016 20.04 -19.58%
2015 24.92 18.55%
2014 21.02 -8.17%
2013 22.89 -11.45%

HTBK average PE ratio chart

What is the average PE ratio of HTBK for the past years

HTBK's current P/E ratio is lower than the 3, 5 and 10-year averages.

3-year avg
12
5-year avg
12.51
10-year avg
16.94
15-year avg
17.41

HTBK PE vs peers

What is HTBK's PE ratio compared to its peers

Compared to its peer stocks CATY and CVBF, HTBK's PE ratio stands lower. Heritage Commerce's PE ratio is trading below the peer group average of 8.36.

Stock name PE ratio Market cap
HTBK Heritage Commerce Corp 7.03 $507.12M
CATY Cathay General Bancorp 7.7 $2.84B
BSRR Sierra Bancorp 7.71 $273.16M
BMRC Bank of Marin Bancorp 8.25 $267.59M
TCBK Trico Bancshares 8.74 $1.12B
CVBF Cvb Financial Corp 9.94 $2.37B
PPBI Pacific Premier Bancorp Inc 73.68 $2.19B

Frequently asked questions

What is Heritage Commerce's PE ratio?

As of Feb 28, 2024, HTBK stock has a price to earnings ratio of 6.91.

What is the 3-year average PE ratio for Heritage Commerce (HTBK)?

Over the last 3 years, the average price to earnings ratio for HTBK stock is 12.0.

What is the 5-year average PE ratio for Heritage Commerce (HTBK)?

Over the last 5 years, the average price to earnings ratio for HTBK stock is 12.51.

What is the highest PE ratio for HTBK?

Over the last ten years, the quarterly PE ratio reached a historic high of 33.31 in the Jun 2018 quarter.

How does the current PE ratio for HTBK compare to its historical average?

HTBK's price to earnings ratio is currently 59% below its 10-year historical average.

Why is Heritage Commerce's PE ratio so low?

HTBK's PE ratio is low because the stock price is relatively cheap compared to the earnings generated by the company.

How is HTBK's PE ratio calculated (Heritage Commerce PE ratio formula)?

To determine the PE ratio, divide the most recent stock price by the TTM earnings per share (EPS). As of today (Feb 28, 2024), Heritage Commerce's stock price is $8.15. The earnings per share for the trailing twelve months (TTM) ending Sep 2023 is $1.18. Therefore, Heritage Commerce's P/E ratio for today is 6.91. PE RATIO(6.91) = STOCK PRICE($8.15) / TTM EPS($1.18)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.