HTBK Heritage Commerce PE ratio, current and historical analysis
As of Oct 22, 2024, the Heritage Commerce stock's PE ratio is 11.99. This results from the current EPS of $0.8 and stock price of $9.59. The P/E ratio has an increase of 31% from the past four quarters average of 9.2.
HTBK PE ratio history
The PE ratio of Heritage Commerce has averaged 16.13 over the last ten years. The current PE ratio of 11.99 is 26% 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.
Heritage Commerce PE ratio by year
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 average PE ratio chart
HTBK's current P/E ratio is above the 3-year historical average, but it is lower than the 5 and 10-year averages.
HTBK PE vs peers
Compared to its peers CVBF and TCBK, HTBK's PE ratio stands lower, however it is higher than CATY's and BSRR's. Heritage Commerce's PE ratio is trading below the peer group average of 13.23.
| Stock name | PE ratio | Market cap |
|---|---|---|
| CATY Cathay General Bancorp | 10.91 | $3.29B |
| BSRR Sierra Bancorp | 11.64 | $417.29M |
| HTBK Heritage Commerce Corp | 12.16 | $596.39M |
| TCBK Trico Bancshares | 12.8 | $1.44B |
| CVBF Cvb Financial Corp | 12.82 | $2.65B |
| CWBC Community West Bancshares. | 18.33 | $354.19M |
| PPBI Pacific Premier Bancorp Inc | N/A | $2.49B |
| BMRC Bank of Marin Bancorp | N/A | $353.84M |
Frequently asked questions
What is Heritage Commerce's PE ratio?
As of Oct 22, 2024, HTBK stock has a price to earnings ratio of 11.99.
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 10.41.
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 12.24.
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 26% below its 10-year historical average.
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 (Oct 22, 2024), Heritage Commerce's stock price is $9.59. The earnings per share for the trailing twelve months (TTM) ending Jun 2024 is $0.8. Therefore, Heritage Commerce's P/E ratio for today is 11.99. PE RATIO(11.99) = STOCK PRICE($9.59) / TTM EPS($0.8)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.