Heritage Commerce (NasdaqGS:HTBK) Stock Price & Quote Analysis

HTBK fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	2/6
Past Performance	5/6
Financial Health	6/6
Dividends	3/6

HTBK Stock Overview

Rewards

Trading at 47.3% below our estimate of its fair value

Earnings are forecast to grow 14.24% per year

Earnings grew by 31.7% over the past year

Risk Analysis

Unstable dividend track record

Heritage Commerce Corp Competitors

Community Trust Bancorp

NasdaqGS:CTBI

US$856.1m

Byline Bancorp

NYSE:BY

US$840.6m

W.T.B. Financial

OTCPK:WTBF.B

US$888.8m

FirstSun Capital Bancorp

OTCPK:FSUN

US$946.4m

Price History & Performance

Summary of all time highs, changes and price drops for Heritage Commerce
Historical stock prices
Current Share Price	US$14.48
52 Week High	US$14.87
52 Week Low	US$10.42
Beta	1.01
1 Month Change	9.20%
3 Month Change	25.04%
1 Year Change	29.87%
3 Year Change	15.84%
5 Year Change	-10.56%
Change since IPO	64.77%

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

Nov 01

Recent updates

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

May 02

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

Mar 16

Don't Ignore The Fact That This Insider Just Sold Some Shares In Heritage Commerce Corp (NASDAQ:HTBK)

Feb 18

Is Heritage Commerce Corp (NASDAQ:HTBK) An Attractive Dividend Stock?

Feb 05

If You Had Bought Heritage Commerce's (NASDAQ:HTBK) Shares Three Years Ago You Would Be Down 43%

Jan 10

Trade Alert: The Independent Director Of Heritage Commerce Corp (NASDAQ:HTBK), Jason Omega DiNapoli, Has Just Spent US$89k Buying 3.0% More Shares

Dec 15

What Is The Ownership Structure Like For Heritage Commerce Corp (NASDAQ:HTBK)?

Nov 27

Shareholder Returns

	HTBK	US Banks	US Market
7D	-0.4%	1.9%	1.3%
1Y	29.9%	-14.0%	-18.5%

Return vs Industry: HTBK exceeded the US Banks industry which returned -14.1% over the past year.

Return vs Market: HTBK exceeded the US Market which returned -18.5% over the past year.

Price Volatility

Is HTBK's price volatile compared to industry and market?
HTBK volatility
HTBK Average Weekly Movement	4.3%
Banks Industry Average Movement	4.0%
Market Average Movement	7.4%
10% most volatile stocks in US Market	15.6%
10% least volatile stocks in US Market	3.3%

Stable Share Price: HTBK is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

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

About the Company

Founded	Employees	CEO	Website
1994	327	Clay Jones	https://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 Cap	US$879.21m
Earnings (TTM)	US$59.72m
Revenue (TTM)	US$176.76m

14.7x

P/E Ratio

1.4x

P/B Ratio

Is HTBK overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
HTBK income statement (TTM)
Revenue	US$176.76m
Cost of Revenue	US$0
Gross Profit	US$176.76m
Other Expenses	US$117.04m
Earnings	US$59.72m

Last Reported Earnings

Sep 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	0.98
Gross Margin	100.00%
Net Profit Margin	33.79%
Debt/Equity Ratio	6.4%

How did HTBK perform over the long term?

See historical performance and comparison

Dividends

3.6%

Current Dividend Yield

53%

Payout Ratio

HTBK Stock Overview

Rewards

Risk Analysis

Heritage Commerce Corp Competitors

NasdaqGS:CTBI

US$856.1m

NYSE:BY

US$840.6m

OTCPK:WTBF.B

US$888.8m

OTCPK:FSUN

US$946.4m

Price History & Performance

Recent News & Updates

Executive VP & CFO exercised options and sold US$158k worth of stock

Independent Director recently bought US$89k worth of stock

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

High number of new directors

Price target increased to US$15.33

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Recent updates

Executive VP & CFO exercised options and sold US$158k worth of stock

Independent Director recently bought US$89k worth of stock

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

High number of new directors

Price target increased to US$15.33

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Heritage Commerce Corp Declares Regular Quarterly Cash Dividend to Holders of Common Stock, Payable on November 22, 2022

High number of new directors

President recently sold US$249k worth of stock

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

Upcoming dividend of US$0.13 per share

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

Heritage Commerce Corp and Heritage Bank of Commerce Announces Management Changes, Effective September 15, 2022

Executive VP & CFO notifies of intention to sell stock

Executive VP & CFO recently sold US$80k worth of stock

Heritage Commerce Corp announced that it has received $40 million in funding

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

Upcoming dividend of US$0.13 per share

First quarter 2022 earnings: EPS exceeds analyst expectations

Heritage Commerce Corp Announces Executive Changes, Effective June 1, 2022

Heritage Commerce Corp, Annual General Meeting, May 26, 2022

Full year 2021 earnings: EPS exceeds analyst expectations

Independent Chairman of the Board recently sold US$112k worth of stock

Independent Director exercised options to buy US$164k worth of stock.

Upcoming dividend of US$0.13 per share

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

Full year 2021 earnings: EPS exceeds analyst expectations

Heritage Commerce Corp Announces the Resignation of Frank G. Bisceglia from the Board of Directors

Heritage Commerce Corp Declares Regular Quarterly Cash Dividend, Payable on February 24, 2022

Independent Director recently bought US$119k worth of stock

Independent Director recently sold US$729k worth of stock

Independent Director recently bought US$61k worth of stock

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

Third quarter 2021 earnings released: EPS US$0.23 (vs US$0.19 in 3Q 2020)

Insider exercised options to buy US$402k worth of stock.

Upcoming dividend of US$0.13 per share

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

Second quarter 2021 earnings released: EPS US$0.15 (vs US$0.18 in 2Q 2020)

Independent Director recently sold US$53k worth of stock

First quarter 2021 earnings released

Upcoming dividend of US$0.13 per share

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

Consensus EPS estimates increase to US$0.74

First quarter 2021 earnings released: EPS US$0.19 (vs US$0.031 in 1Q 2020)

Price target increased to US$11.80

Price target increased to US$10.50

Heritage Commerce Corp and Heritage Bank of Commerce Announce Retirement of Keith Wilton as Chief Executive Officer

CEO, President & Director Keith Wilton has left the company

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

Full year 2020 earnings released: EPS US$0.59 (vs US$0.87 in FY 2019)

Earnings beat expectations, revenue disappoints

New 90-day high: US$9.89

Don't Ignore The Fact That This Insider Just Sold Some Shares In Heritage Commerce Corp (NASDAQ:HTBK)

Is Heritage Commerce Corp (NASDAQ:HTBK) An Attractive Dividend Stock?

Full year 2020 earnings released: EPS US$0.59 (vs US$0.87 in FY 2019)

Earnings beat expectations, revenue disappoints

If You Had Bought Heritage Commerce's (NASDAQ:HTBK) Shares Three Years Ago You Would Be Down 43%

New 90-day high: US$9.73

Independent Director recently bought US$89k worth of stock