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Heritage Commerce NasdaqGS:HTBK Stock Report

Last Price

US$8.30

Market Cap

US$507.5m

7D

0.2%

1Y

-30.4%

Updated

03 Mar, 2024

Data

Company Financials +

Heritage Commerce Corp

NasdaqGS:HTBK Stock Report

Market Cap: US$507.5m

HTBK Stock Overview

Heritage Commerce Corp operates as the bank holding company for Heritage Bank of Commerce that provides various commercial and personal banking services to residents and the business/professional community in California.

HTBK fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends6/6

Heritage Commerce Corp Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Heritage Commerce
Historical stock prices
Current Share PriceUS$8.30
52 Week HighUS$12.02
52 Week LowUS$6.69
Beta0.92
1 Month Change-2.70%
3 Month Change-8.89%
1 Year Change-30.43%
3 Year Change-16.08%
5 Year Change-36.20%
Change since IPO-5.55%

Recent News & Updates

Recent updates

Heritage Commerce (NASDAQ:HTBK) Is Due To Pay A Dividend Of $0.13

Oct 31
Heritage Commerce (NASDAQ:HTBK) Is Due To Pay A Dividend Of $0.13

Heritage Commerce (NASDAQ:HTBK) Has Announced A Dividend Of $0.13

Aug 03
Heritage Commerce (NASDAQ:HTBK) Has Announced A Dividend Of $0.13

Heritage Commerce (NASDAQ:HTBK) Has Announced A Dividend Of $0.13

May 02
Heritage Commerce (NASDAQ:HTBK) Has Announced A Dividend Of $0.13

Heritage Commerce (NASDAQ:HTBK) Has Announced A Dividend Of $0.13

Feb 01
Heritage Commerce (NASDAQ:HTBK) Has Announced A Dividend Of $0.13

Heritage Commerce (NASDAQ:HTBK) Has Announced A Dividend Of $0.13

Nov 01
Heritage Commerce (NASDAQ:HTBK) Has Announced A Dividend Of $0.13

Heritage Commerce: Rapidly Rising Rates To Boost Earnings

Sep 22

Heritage Commerce (NASDAQ:HTBK) Is Paying Out A Dividend Of $0.13

Aug 08
Heritage Commerce (NASDAQ:HTBK) Is Paying Out A Dividend Of $0.13

Heritage Commerce: Strong Margin Growth To Drive Earnings This Year

Jul 09

Heritage Commerce (NASDAQ:HTBK) Is Due To Pay A Dividend Of US$0.13

May 08
Heritage Commerce (NASDAQ:HTBK) Is Due To Pay A Dividend Of US$0.13

Heritage Commerce: Dividend Yield And Capital Upside Supported By Rising Interest Rates

Apr 25

Heritage Commerce (NASDAQ:HTBK) Has Affirmed Its Dividend Of US$0.13

Feb 01
Heritage Commerce (NASDAQ:HTBK) Has Affirmed Its Dividend Of US$0.13

Heritage Commerce: Strong Top Line Growth To Lift Earnings

Jan 30

Heritage Commerce (NASDAQ:HTBK) Will Pay A Dividend Of US$0.13

Nov 02
Heritage Commerce (NASDAQ:HTBK) Will Pay A Dividend Of US$0.13

Heritage Commerce: 4.7% Dividend Yield With Secure Dividends

Aug 20

Heritage Commerce's (NASDAQ:HTBK) Dividend Will Be US$0.13

Jul 26
Heritage Commerce's (NASDAQ:HTBK) Dividend Will Be US$0.13

If You Like EPS Growth Then Check Out Heritage Commerce (NASDAQ:HTBK) Before It's Too Late

May 02
If You Like EPS Growth Then Check Out Heritage Commerce (NASDAQ:HTBK) Before It's Too Late

What Kind Of Investors Own Most Of Heritage Commerce Corp (NASDAQ:HTBK)?

Mar 16
What Kind Of Investors Own Most Of Heritage Commerce Corp (NASDAQ:HTBK)?

Shareholder Returns

HTBKUS BanksUS Market
7D0.2%0.8%1.2%
1Y-30.4%5.3%24.4%

Return vs Industry: HTBK underperformed the US Banks industry which returned 5.3% over the past year.

Return vs Market: HTBK underperformed the US Market which returned 24.4% over the past year.

Price Volatility

Is HTBK's price volatile compared to industry and market?
HTBK volatility
HTBK Average Weekly Movement4.2%
Banks Industry Average Movement4.6%
Market Average Movement6.1%
10% most volatile stocks in US Market17.0%
10% least volatile stocks in US Market3.1%

Stable Share Price: HTBK has not had significant price volatility in the past 3 months.

Volatility Over Time: HTBK's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1994348Clay Joneshttps://www.heritagecommercecorp.com

Heritage Commerce Corp operates as the bank holding company for Heritage Bank of Commerce that provides various commercial and personal banking services to residents and the business/professional community in California. Its deposit products for business banking and retail markets include interest and non-interest-bearing demand, savings, and money market accounts, as well as certificates of deposit and time deposits. The company’s loan portfolio comprises commercial loans, such as operating secured and unsecured loans advanced for working capital, equipment purchases, and other business purposes; commercial real estate loans; commercial construction loans for rental properties, commercial buildings, and homes; small business administration loans; home equity lines of credit; multifamily loans on residential properties; residential mortgage loans; and consumer loans consisting of loans for financing automobiles, various consumer goods, and other personal purposes.

Heritage Commerce Corp Fundamentals Summary

How do Heritage Commerce's earnings and revenue compare to its market cap?
HTBK fundamental statistics
Market capUS$507.52m
Earnings (TTM)US$64.44m
Revenue (TTM)US$191.47m

7.9x

P/E Ratio

0.8x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
HTBK income statement (TTM)
RevenueUS$191.47m
Cost of RevenueUS$0
Gross ProfitUS$191.47m
Other ExpensesUS$127.03m
EarningsUS$64.44m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)1.05
Gross Margin100.00%
Net Profit Margin33.66%
Debt/Equity Ratio5.9%

How did HTBK perform over the long term?

See historical performance and comparison

Dividends

6.3%

Current Dividend Yield

49%

Payout Ratio
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