NASDAQ:HTBK - Heritage Commerce Stock Price, News, & Analysis

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$14.49 +0.07 (+0.49 %)
(As of 11/18/2018 04:00 PM ET)
Previous Close$14.49
Today's Range$14.26 - $14.50
52-Week Range$13.67 - $18.10
Volume120,565 shs
Average Volume169,979 shs
Market Capitalization$627.11 million
P/E Ratio18.11
Dividend Yield3.04%
Beta0.48
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. It offers a range of deposit products for business banking and retail markets, including interest and non-interest bearing demand, savings accounts, certificate of deposit, money market accounts, and time deposits. The company also provides various loan products comprising 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; home equity lines of credit; consumer loans consisting of loans for financing automobiles, various consumer goods, and other personal purposes; and small business administration loans. In addition, it offers other banking services, including cashier's checks, bank-by-mail, ATMs, night depositories, safe deposit boxes, direct deposit, automated payroll, electronic funds transfer, online banking, online bill pay, homeowner association, remote deposit capture, automated clearing house origination, electronic data interchange, and check imaging services, as well as other customary banking and factoring financing services. The company provides its banking products and services through 11 full service branch offices in the southern and eastern regions of the general San Francisco Bay Area of California in the counties of Santa Clara, Alameda, Contra Costa, and San Benito. Heritage Commerce Corp was founded in 1997 and is based in San Jose, California.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:HTBK
Previous Symbol
CUSIP42692710
Phone408-947-6900

Debt

Debt-to-Equity Ratio0.11
Current Ratio0.70
Quick Ratio0.70

Price-To-Earnings

Trailing P/E Ratio18.11
Forward P/E Ratio14.79
P/E Growth2.11

Sales & Book Value

Annual Sales$116.52 million
Price / Sales5.38
Cash Flow$1.0056 per share
Price / Cash14.41
Book Value$8.17 per share
Price / Book1.77

Profitability

EPS (Most Recent Fiscal Year)$0.80
Net Income$23.82 million
Net Margins17.74%
Return on Equity12.45%
Return on Assets1.29%

Miscellaneous

Employees278
Outstanding Shares43,280,000
Market Cap$627.11 million
OptionableOptionable

Heritage Commerce (NASDAQ:HTBK) Frequently Asked Questions

What is Heritage Commerce's stock symbol?

Heritage Commerce trades on the NASDAQ under the ticker symbol "HTBK."

How often does Heritage Commerce pay dividends? What is the dividend yield for Heritage Commerce?

Heritage Commerce declared a quarterly dividend on Friday, October 26th. Shareholders of record on Tuesday, November 6th will be given a dividend of $0.11 per share on Tuesday, November 20th. This represents a $0.44 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend is Monday, November 5th. View Heritage Commerce's Dividend History.

How were Heritage Commerce's earnings last quarter?

Heritage Commerce Corp. (NASDAQ:HTBK) issued its quarterly earnings results on Thursday, October, 25th. The financial services provider reported $0.28 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.27 by $0.01. The financial services provider had revenue of $34.66 million for the quarter, compared to analysts' expectations of $34.56 million. Heritage Commerce had a net margin of 17.74% and a return on equity of 12.45%. View Heritage Commerce's Earnings History.

When is Heritage Commerce's next earnings date?

Heritage Commerce is scheduled to release their next quarterly earnings announcement on Thursday, January 24th 2019. View Earnings Estimates for Heritage Commerce.

What price target have analysts set for HTBK?

4 brokers have issued 12-month target prices for Heritage Commerce's shares. Their forecasts range from $17.00 to $19.00. On average, they anticipate Heritage Commerce's stock price to reach $18.3333 in the next twelve months. This suggests a possible upside of 26.5% from the stock's current price. View Analyst Price Targets for Heritage Commerce.

What is the consensus analysts' recommendation for Heritage Commerce?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Heritage Commerce in the last year. There are currently 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Heritage Commerce.

What are Wall Street analysts saying about Heritage Commerce stock?

Here are some recent quotes from research analysts about Heritage Commerce stock:
  • 1. Brean Capital analysts commented, "We calculate operating EPS of $0.13, which compares to our estimate of $0.16 and included the impact of the previously announced specific reserve of $6.1M. Q2 was a noisy one, with the closing of two acquisitions, the aforementioned specific reserve and another individual credit issue which cost a penny. In addition, our expense estimate was also too optimistic, as systems conversion for the two deals occurred later in the quarter, resulting in no material cost savings being realized. While quarterly comparisons are difficult, we are encouraged by the company’s 10% annualized legacy loan growth and core NIM expansion of 9 bps. We expect Q3 should present a cleaner view into the company’s attractive earnings power, which, combined with balance sheet flexibility, a high-quality commercial customer base and enhanced scarcity value, is deserving of a premium valuation, in our view." (7/27/2018)
  • 2. According to Zacks Investment Research, "Heritage Commerce Corp. is the holding company of Heritage Bank of Commerce, Heritage Bank East Bay, Heritage Bank South Valley and Bank of Los Altos. The company offers a range of loans, primarily commercial, including real estate, construction, Small Business Administration), inventory and accounts receivable, and equipment loans. The company also accepts checking, savings, and time deposits; NOW and money market deposit accounts; and provides travelers' checks, safe deposit, and other customary non-deposit banking services. " (7/20/2018)

Has Heritage Commerce been receiving favorable news coverage?

News headlines about HTBK stock have been trending neutral on Sunday, according to InfoTrie. The research firm identifies negative and positive media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Heritage Commerce earned a media sentiment score of 0.2 on InfoTrie's scale. They also gave headlines about the financial services provider a news buzz of 9.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the near term.

Who are some of Heritage Commerce's key competitors?

Who are Heritage Commerce's key executives?

Heritage Commerce's management team includes the folowing people:
  • Mr. Walter T. Kaczmarek, Pres, CEO & Director (Age 66)
  • Mr. Keith A. Wilton, Exec. VP & COO (Age 60)
  • Mr. Lawrence D. McGovern, Exec. VP & CFO (Age 63)
  • Ms. Margo G. Butsch, Exec. VP & Chief Credit Officer for Heritage Bank of Commerce (Age 54)
  • Mr. Michael Eugene Benito, Exec. VP of Banking Division - Heritage Bank of Commerce (Age 57)

Who are Heritage Commerce's major shareholders?

Heritage Commerce's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.98%), Dimensional Fund Advisors LP (4.96%), The Manufacturers Life Insurance Company (4.64%), Thrivent Financial for Lutherans (3.56%), Renaissance Technologies LLC (1.95%) and Phocas Financial Corp. (0.81%). Company insiders that own Heritage Commerce stock include David Porter, J Philip Dinapoli, Jack W Conner, Jason Philip Dinapoli, John M Eggemeyer III, Keith Wilton, Komas Julianne M Biagini, Michael Eugene Benito, W Kirk Wycoff and Walter Theodore Kaczmarek. View Institutional Ownership Trends for Heritage Commerce.

Which institutional investors are selling Heritage Commerce stock?

HTBK stock was sold by a variety of institutional investors in the last quarter, including Banc Funds Co. LLC, Martingale Asset Management L P, Maltese Capital Management LLC, Panagora Asset Management Inc., Bessemer Group Inc., Russell Investments Group Ltd., Globeflex Capital L P and TIAA CREF Investment Management LLC. Company insiders that have sold Heritage Commerce company stock in the last year include Jack W Conner, Keith Wilton and Michael Eugene Benito. View Insider Buying and Selling for Heritage Commerce.

Which institutional investors are buying Heritage Commerce stock?

HTBK stock was acquired by a variety of institutional investors in the last quarter, including Phocas Financial Corp., Assenagon Asset Management S.A., Stieven Capital Advisors L.P., Alliancebernstein L.P., Thrivent Financial for Lutherans, Dimensional Fund Advisors LP, BlackRock Inc. and Emerald Mutual Fund Advisers Trust. Company insiders that have bought Heritage Commerce stock in the last two years include J Philip Dinapoli, Jack W Conner and Jason Philip Dinapoli. View Insider Buying and Selling for Heritage Commerce.

How do I buy shares of Heritage Commerce?

Shares of HTBK can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Heritage Commerce's stock price today?

One share of HTBK stock can currently be purchased for approximately $14.49.

How big of a company is Heritage Commerce?

Heritage Commerce has a market capitalization of $627.11 million and generates $116.52 million in revenue each year. The financial services provider earns $23.82 million in net income (profit) each year or $0.80 on an earnings per share basis. Heritage Commerce employs 278 workers across the globe.

What is Heritage Commerce's official website?

The official website for Heritage Commerce is http://www.heritagecommercecorp.com.

How can I contact Heritage Commerce?

Heritage Commerce's mailing address is 150 ALMADEN BOULEVARD, SAN JOSE CA, 95113. The financial services provider can be reached via phone at 408-947-6900.


MarketBeat Community Rating for Heritage Commerce (NASDAQ HTBK)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  204 (Vote Outperform)
Underperform Votes:  244 (Vote Underperform)
Total Votes:  448
MarketBeat's community ratings are surveys of what our community members think about Heritage Commerce and other stocks. Vote "Outperform" if you believe HTBK will outperform the S&P 500 over the long term. Vote "Underperform" if you believe HTBK will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/18/2018 by MarketBeat.com Staff

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