As of May 3, 2024, the Heritage Commerce stock's PE ratio is 7.96. This results from the current EPS of $1.06 and stock price of $8.44. The P/E ratio has an increase of 5% from the past four quarters average of 7.6.
The PE ratio of Heritage Commerce has averaged 16.65 over the last ten years. The current PE ratio of 7.96 is 52% 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.
Maximum annual increase: 21.36% in 2017
Maximum annual decrease: -45.15% in 2018
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 9.36 | -20.81% |
| 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% |
HTBK's current P/E ratio is lower than the 3, 5 and 10-year averages.
Compared to its peers CVBF and PPBI, HTBK's PE ratio stands lower, however it is higher than CATY's. Heritage Commerce's PE ratio is trading below the peer group average of 9.71.
| Stock name | PE ratio | Market cap |
|---|---|---|
| CATY Cathay General Bancorp | 7.47 | $2.65B |
| HTBK Heritage Commerce Corp | 7.96 | $516.27M |
| CWBC Community West Bancshares. | 8.02 | $205.87M |
| BSRR Sierra Bancorp | 8.8 | $308.33M |
| TCBK Trico Bancshares | 10.61 | $1.25B |
| CVBF Cvb Financial Corp | 10.82 | $2.4B |
| BMRC Bank of Marin Bancorp | 12.55 | $251.97M |
| PPBI Pacific Premier Bancorp Inc | 163.93 | $2.21B |
As of May 3, 2024, HTBK stock has a price to earnings ratio of 7.96.
Over the last 3 years, the average price to earnings ratio for HTBK stock is 11.37.
Over the last 5 years, the average price to earnings ratio for HTBK stock is 12.3.
Over the last ten years, the quarterly PE ratio reached a historic high of 33.31 in the Jun 2018 quarter.
HTBK's price to earnings ratio is currently 52% below its 10-year historical average.
HTBK's PE ratio is low because the stock price is relatively cheap compared to the earnings generated by the company.
To determine the PE ratio, divide the most recent stock price by the TTM earnings per share (EPS). As of today (May 3, 2024), Heritage Commerce's stock price is $8.44. The earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $1.06. Therefore, Heritage Commerce's P/E ratio for today is 7.96. PE RATIO(7.96) = STOCK PRICE($8.44) / TTM EPS($1.06)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.