Heritage Commerce Corp. Company Profile (NASDAQ:HTBK)

About Heritage Commerce Corp. (NASDAQ:HTBK)

Heritage Commerce Corp. logoHeritage Commerce Corp is a bank holding company. The Company, through its subsidiary Heritage Bank of Commerce (the Bank), provides a range of banking services. The Bank is a California state-chartered multi-community independent bank that offers a range of commercial banking services to small and medium-sized businesses and their owners, managers and employees. As of December 31, 2016, the Company operated through 11 service branch offices located 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. The Company's subsidiary, CSNK Working Capital Finance Corp., doing business as Bay View Funding, provides business-essential working capital factoring financing to various industries across the United States. As of December 31, 2016, the Bank operated automated teller machines (ATMs) at five different locations.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Regional - Pacific Banks
  • Sub-Industry: Regional Banks
  • Symbol: NASDAQ:HTBK
  • CUSIP: 42692710
  • Web: www.heritagecommercecorp.com
Capitalization:
  • Market Cap: $518.48 million
  • Outstanding Shares: 38,012,000
Average Prices:
  • 50 Day Moving Avg: $14.10
  • 200 Day Moving Avg: $13.74
  • 52 Week Range: $9.91 - $14.87
P/E:
  • Trailing P/E Ratio: 18.76
  • Foreward P/E Ratio: 14.99
  • P/E Growth: 1.80
Sales & Book Value:
  • Annual Revenue: $101.77 million
  • Price / Sales: 5.09
  • Book Value: $6.95 per share
  • Price / Book: 1.96
Dividend:
  • Annual Dividend: $0.40
  • Dividend Yield: 2.9%
Profitability:
  • Net Margins: 25.82%
  • Return on Equity: 11.23%
  • Return on Assets: 1.14%
Debt:
  • Current Ratio: 0.80%
  • Quick Ratio: 0.80%
Misc:
  • Average Volume: 82,508 shs.
  • Beta: 0.71
  • Short Ratio: 2.33
 

Frequently Asked Questions for Heritage Commerce Corp. (NASDAQ:HTBK)

What is Heritage Commerce Corp.'s stock symbol?

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

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

Heritage Commerce Corp. announced a quarterly dividend on Friday, April 28th. Investors of record on Thursday, May 11th will be given a dividend of $0.10 per share on Thursday, May 25th. This represents a $0.40 annualized dividend and a yield of 2.93%. The ex-dividend date is Tuesday, May 9th. View Heritage Commerce Corp.'s Dividend History.

How were Heritage Commerce Corp.'s earnings last quarter?

Heritage Commerce Corp. (NASDAQ:HTBK) released its quarterly earnings data on Thursday, January, 26th. The company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. The company had revenue of $26.16 million for the quarter, compared to analyst estimates of $26.35 million. Heritage Commerce Corp. had a return on equity of 11.23% and a net margin of 25.82%. View Heritage Commerce Corp.'s Earnings History.

Where is Heritage Commerce Corp.'s stock going? Where will Heritage Commerce Corp.'s stock price be in 2017?

2 equities research analysts have issued twelve-month price objectives for Heritage Commerce Corp.'s shares. Their predictions range from $15.00 to $16.00. On average, they anticipate Heritage Commerce Corp.'s stock price to reach $15.50 in the next year. View Analyst Ratings for Heritage Commerce Corp..

Who are some of Heritage Commerce Corp.'s key competitors?

Who owns Heritage Commerce Corp. stock?

Heritage Commerce Corp.'s stock is owned by a number of of institutional and retail investors. Top institutional investors include Wellington Management Group LLP (9.48%), Dimensional Fund Advisors LP (3.85%), Vanguard Group Inc. (3.68%), Westwood Holdings Group Inc. (2.00%), Zweig DiMenna Associates LLC (1.85%) and Thrivent Financial For Lutherans (1.76%). Company insiders that own Heritage Commerce Corp. stock include David Porter, J Philip Dinapoli, Jack W Conner, John M Eggemeyer III, Keith Wilton, Komas Julianne M Biagini, Michael Eugene Benito, Steven L Hallgrimson, W Kirk Wycoff and Walter Theodore Kaczmarek. View Institutional Ownership Trends for Heritage Commerce Corp..

Who sold Heritage Commerce Corp. stock? Who is selling Heritage Commerce Corp. stock?

Heritage Commerce Corp.'s stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Renaissance Technologies LLC, JCSD Capital LLC, JPMorgan Chase & Co., Morgan Stanley, Alliancebernstein L.P., Victory Capital Management Inc. and Martingale Asset Management L P. Company insiders that have sold Heritage Commerce Corp. stock in the last year include David Porter, Jack W Conner, John M Eggemeyer III, Keith Wilton, Komas Julianne M Biagini, W Kirk Wycoff and Walter Theodore Kaczmarek. View Insider Buying and Selling for Heritage Commerce Corp..

Who bought Heritage Commerce Corp. stock? Who is buying Heritage Commerce Corp. stock?

Heritage Commerce Corp.'s stock was purchased by a variety of institutional investors in the last quarter, including Thrivent Financial For Lutherans, Wellington Management Group LLP, Dimensional Fund Advisors LP, Vanguard Group Inc., Menta Capital LLC, John W. Rosenthal Capital Management Inc., State Board of Administration of Florida Retirement System and TIAA CREF Investment Management LLC. Company insiders that have bought Heritage Commerce Corp. stock in the last two years include J Philip Dinapoli and Jack W Conner. View Insider Buying and Selling for Heritage Commerce Corp..

How do I buy Heritage Commerce Corp. stock?

Shares of Heritage Commerce Corp. can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Heritage Commerce Corp. stock cost?

One share of Heritage Commerce Corp. stock can currently be purchased for approximately $13.64.

Analyst Ratings

Consensus Ratings for Heritage Commerce Corp. (NASDAQ:HTBK) (?)
Ratings Breakdown: 1 Hold Rating, 1 Buy Rating
Consensus Rating:Buy (Score: 2.50)
Consensus Price Target: $15.50 (13.64% upside)

Analysts' Ratings History for Heritage Commerce Corp. (NASDAQ:HTBK)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
4/28/2017Brean CapitalSet Price TargetBuy$16.00LowView Rating Details
1/30/2017Keefe, Bruyette & WoodsDowngradeOutperform -> Market Perform$14.00 -> $15.00N/AView Rating Details
12/18/2015FIG PartnersUpgradeMarket Perform -> OutperformN/AView Rating Details
11/23/2015Sandler O'NeillUpgradeHold -> BuyN/AView Rating Details
(Data available from 5/23/2015 forward)

Earnings

Earnings History for Heritage Commerce Corp. (NASDAQ:HTBK)
Earnings by Quarter for Heritage Commerce Corp. (NASDAQ:HTBK)
Earnings History by Quarter for Heritage Commerce Corp. (NASDAQ:HTBK)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
1/26/2017Q4 2016$0.19$0.19$26.35 million$26.16 millionViewN/AView Earnings Details
10/27/2016Q3$0.19$0.18$26.35 million$25.36 millionViewN/AView Earnings Details
7/28/2016Q2$0.18$0.19$25.95 million$26.40 millionViewN/AView Earnings Details
4/28/2016Q1$0.16$0.16$24.80 million$24.92 millionViewN/AView Earnings Details
1/28/2016Q4$0.13$0.12$24.10 million$24.97 millionViewN/AView Earnings Details
10/26/2015Q3$0.15$0.10$20.35 million$21.75 millionViewN/AView Earnings Details
7/23/2015Q2$0.14$0.14$19.85 million$19.81 millionViewN/AView Earnings Details
4/23/2015Q115$0.11$0.13$19.15 million$18.78 millionViewN/AView Earnings Details
1/22/2015Q4 2014$0.12$0.11$17.27 million$17.90 millionViewN/AView Earnings Details
10/23/2014Q3$0.11$0.11$16.27 million$15.86 millionViewN/AView Earnings Details
7/24/2014Q2 2014$0.11$0.10$15.60 million$15.73 millionViewN/AView Earnings Details
4/24/2014Q1 2014$0.10$0.10$15.20 million$15.35 millionViewN/AView Earnings Details
1/23/2014Q4$0.10$0.10ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Heritage Commerce Corp. (NASDAQ:HTBK)
2017 EPS Consensus Estimate: $0.84
2018 EPS Consensus Estimate: $1.00
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$0.18$0.19$0.19
Q2 20172$0.20$0.21$0.21
Q3 20172$0.20$0.23$0.22
Q4 20172$0.22$0.24$0.23
Q1 20181$0.23$0.23$0.23
Q2 20181$0.24$0.24$0.24
Q3 20181$0.26$0.26$0.26
Q4 20181$0.27$0.27$0.27
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Heritage Commerce Corp. (NASDAQ:HTBK)
Next Dividend:5/25/2017
Annual Dividend:$0.40
Dividend Yield:2.93%
Payout Ratio:55.56% (Trailing 12 Months of Earnings)
50.63% (Based on This Year's Estimates)
43.96% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Heritage Commerce Corp. (NASDAQ:HTBK)

Dividend History by Quarter for Heritage Commerce Corp. (NASDAQ:HTBK)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
4/28/2017quarterly$0.102.8%5/9/20175/11/20175/25/2017
1/27/2017quarterly$0.102.77%2/8/20172/10/20172/24/2017
10/28/2016quarterly$0.093.27%11/4/201611/8/201611/22/2016
7/29/2016quarterly$0.093.44%8/5/20168/9/20168/24/2016
4/29/2016quarterly$0.093.45%5/6/20165/10/20165/25/2016
2/1/2016quarterly$0.093.28%2/8/20162/10/20162/25/2016
10/27/2015quarterly$0.082.96%11/6/201511/10/201511/24/2015
7/24/2015quarterly$0.082.93%8/11/20158/13/20158/27/2015
4/24/2015quarterly$0.083.53%5/12/20155/14/20155/28/2015
1/27/2015quarterly$0.083.76%2/6/20152/10/20152/25/2015
10/23/2014quarterly$0.052.41%11/4/201411/6/201411/24/2014
7/24/2014quarterly$0.052.5%8/5/20148/7/20148/27/2014
4/24/2014quarterly$0.041.94%5/5/20145/7/20145/28/2014
1/23/2014quarterly$0.042%2/3/20142/5/20142/25/2014
10/24/2013quarterly$0.031.52%11/5/201311/7/201311/25/2013
8/12/2013quarterly$0.031.68%8/21/20138/23/20139/20/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Heritage Commerce Corp. (NASDAQ:HTBK)
Insider Ownership Percentage: 19.72%
Institutional Ownership Percentage: 58.42%
Insider Trades by Quarter for Heritage Commerce Corp. (NASDAQ:HTBK)
Institutional Ownership by Quarter for Heritage Commerce Corp. (NASDAQ:HTBK)
Insider Trades by Quarter for Heritage Commerce Corp. (NASDAQ:HTBK)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
3/13/2017Walter Theodore KaczmarekCEOSell14,000$14.00$196,000.00View SEC Filing  
12/5/2016David PorterEVPSell5,000$12.97$64,850.00View SEC Filing  
11/30/2016W Kirk WycoffDirectorSell500,000$12.22$6,110,000.00View SEC Filing  
11/29/2016Keith WiltonCOOSell4,680$12.48$58,406.40View SEC Filing  
11/28/2016W Kirk WycoffDirectorSell100,000$12.50$1,250,000.00View SEC Filing  
11/22/2016John M Eggemeyer IIIDirectorSell739,137$12.14$8,973,123.18View SEC Filing  
11/21/2016John M Eggemeyer IIIDirectorSell124,088$12.53$1,554,822.64View SEC Filing  
11/18/2016John M Eggemeyer IIIDirectorSell1,050,000$11.77$12,358,500.00View SEC Filing  
11/17/2016John M Eggemeyer IIIDirectorSell1,786,744$11.76$21,012,109.44View SEC Filing  
11/16/2016John M Eggemeyer IIIDirectorSell49,962$12.01$600,043.62View SEC Filing  
11/14/2016John M Eggemeyer IIIDirectorSell994$12.30$12,226.20View SEC Filing  
11/11/2016John M Eggemeyer IIIDirectorSell12,300$12.33$151,659.00View SEC Filing  
9/8/2016W Kirk WycoffDirectorSell6,968$11.50$80,132.00View SEC Filing  
9/7/2016W Kirk WycoffDirectorSell600$11.50$6,900.00View SEC Filing  
9/6/2016W Kirk WycoffDirectorSell7,701$11.50$88,561.50View SEC Filing  
9/2/2016W Kirk WycoffDirectorSell21,138$11.50$243,087.00View SEC Filing  
9/1/2016W Kirk WycoffDirectorSell38,705$11.50$445,107.50View SEC Filing  
8/31/2016John M Eggemeyer IIIDirectorSell83,100$11.54$958,974.00View SEC Filing  
8/30/2016John M Eggemeyer IIIDirectorSell2,975$11.85$35,253.75View SEC Filing  
8/29/2016John M Eggemeyer IIIDirectorSell915,000$11.70$10,705,500.00View SEC Filing  
8/25/2016W Kirk WycoffDirectorSell80,000$11.86$948,800.00View SEC Filing  
8/19/2016Jack W ConnerDirectorSell300$11.54$3,462.00View SEC Filing  
8/18/2016Komas Julianne M BiaginiDirectorSell5,086$11.45$58,234.70View SEC Filing  
8/2/2016J Philip DinapoliDirectorBuy5,000$10.43$52,150.00View SEC Filing  
6/3/2016J Philip DinapoliDirectorBuy1,000$10.78$10,780.00View SEC Filing  
5/25/2016Komas Julianne M BiaginiDirectorSell2,500$10.75$26,875.00View SEC Filing  
5/18/2016Michael Eugene BenitoEVPSell540$10.00$5,400.00View SEC Filing  
5/9/2016David PorterEVPSell1,800$10.45$18,810.00View SEC Filing  
2/2/2016Jack W ConnerDirectorBuy6,249$9.57$59,802.93View SEC Filing  
9/1/2015Steven L HallgrimsonDirectorSell400$10.31$4,124.00View SEC Filing  
8/31/2015Jack W ConnerDirectorBuy2,500$10.54$26,350.00View SEC Filing  
12/9/2013Jack ConnerDirectorBuy6,000$8.30$49,800.00View SEC Filing  
11/6/2013Jack ConnerDirectorSell6,000$7.46$44,760.00View SEC Filing  
6/18/2013Lawrence D McgovernCFOSell3,500$6.78$23,730.00View SEC Filing  
6/17/2013Dan Toshio KawamotoEVPSell3,500$6.75$23,625.00View SEC Filing  
8/20/2012Celeste Volz FordDirectorBuy7,000$6.65$46,550.00View SEC Filing  
8/10/2012Jack W ConnerDirectorBuy31,400$6.38$200,332.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Heritage Commerce Corp. (NASDAQ:HTBK)
Latest Headlines for Heritage Commerce Corp. (NASDAQ:HTBK)
Source:
DateHeadline
finance.yahoo.com logoHeritage Commerce Corp. breached its 50 day moving average in a Bearish Manner : HTBK-US : May 15, 2017
finance.yahoo.com - May 15 at 11:01 AM
finance.yahoo.com logoHeritage Commerce Corp. : HTBK-US: Dividend Analysis : May 11th, 2017 (record date) : By the numbers : May 9, 2017
finance.yahoo.com - May 9 at 5:33 PM
finance.yahoo.com logoHeritage Commerce Corp to Participate in the D.A. Davidson 19th Annual Financial Institutions Conference in Denver
finance.yahoo.com - May 8 at 5:26 PM
thestreet.com logoHeritage Commerce About To Put More Money In Your Pocket (HTBK)
www.thestreet.com - May 5 at 5:46 PM
americanbankingnews.com logoBrokers Issue Forecasts for Heritage Commerce Corp.'s Q2 2017 Earnings (HTBK)
www.americanbankingnews.com - May 4 at 12:38 PM
americanbankingnews.com logo$0.20 Earnings Per Share Expected for Heritage Commerce Corp. (HTBK) This Quarter
www.americanbankingnews.com - May 4 at 11:23 AM
americanbankingnews.com logoQ3 2017 Earnings Forecast for Heritage Commerce Corp. Issued By FIG Partners (HTBK)
www.americanbankingnews.com - May 3 at 10:54 AM
americanbankingnews.com logoDA Davidson Weighs in on Heritage Commerce Corp.'s Q3 2017 Earnings (HTBK)
www.americanbankingnews.com - May 3 at 10:54 AM
americanbankingnews.com logoSomewhat Critical Press Coverage Somewhat Unlikely to Affect Heritage Commerce Corp. (HTBK) Stock Price
www.americanbankingnews.com - May 3 at 9:28 AM
americanbankingnews.com logoBrean Capital Reiterates "$16.00" Price Target for Heritage Commerce Corp. (HTBK)
www.americanbankingnews.com - April 29 at 12:10 PM
americanbankingnews.com logoHeritage Commerce Corp. to Issue Quarterly Dividend of $0.10 (HTBK)
www.americanbankingnews.com - April 28 at 10:44 PM
finance.yahoo.com logoETFs with exposure to Heritage Commerce Corp. : April 28, 2017
finance.yahoo.com - April 28 at 6:46 PM
marketbeat.com logoHeritage Commerce posts 1Q profit
marketbeat.com - April 27 at 7:45 PM
finance.yahoo.com logoHeritage Commerce Corp Declare Quarterly Cash Dividend of $0.10 Per Share
finance.yahoo.com - April 27 at 6:22 PM
americanbankingnews.com logoHeritage Commerce Corp. (HTBK) Earns News Impact Rating of -0.12
www.americanbankingnews.com - April 26 at 1:26 PM
americanbankingnews.com logoHeritage Commerce Corp. (HTBK) Expected to Post FY2018 Earnings of $0.89 Per Share
www.americanbankingnews.com - April 25 at 2:49 PM
finance.yahoo.com logoHeritage Commerce Corp. breached its 50 day moving average in a Bullish Manner : HTBK-US : April 20, 2017
finance.yahoo.com - April 20 at 11:41 AM
americanbankingnews.com logoZacks: Analysts Anticipate Heritage Commerce Corp. (HTBK) Will Post Quarterly Sales of $26.55 Million
www.americanbankingnews.com - April 15 at 9:33 AM
americanbankingnews.com logoHeritage Commerce Corp. (HTBK) Earning Somewhat Critical Media Coverage, AlphaOne Reports
www.americanbankingnews.com - April 14 at 10:30 AM
americanbankingnews.com logo$0.19 Earnings Per Share Expected for Heritage Commerce Corp. (HTBK) This Quarter
www.americanbankingnews.com - April 13 at 9:10 AM
feeds.benzinga.com logoHeritage Bank of Commerce Provides $9 Million Facility to Vivex, Inc.
feeds.benzinga.com - April 5 at 1:16 PM
feeds.benzinga.com logoKeith A. Wilton Promoted to President of Heritage Bank of Commerce
feeds.benzinga.com - March 30 at 3:16 PM
biz.yahoo.com logoHERITAGE COMMERCE CORP Files SEC form 8-K, Change in Directors or Principal Officers, Other Events
biz.yahoo.com - March 28 at 5:24 PM
prnewswire.com logoFame and Partners Launches Custom Evening Wear Collection
www.prnewswire.com - March 26 at 5:23 PM
seekingalpha.com logoPVH's (PVH) CEO Manny Chirico on Q4 2016 Results - Earnings Call Transcript
seekingalpha.com - March 24 at 5:51 PM
finance.yahoo.com logoFrieslandCampina Asia Wins Winsemius Award for Sustainability & Innovation
finance.yahoo.com - March 24 at 5:51 PM
bizjournals.com logoHow new CEO Jerome Griffith plans to bolster Lands' End's prospects
www.bizjournals.com - March 21 at 5:46 PM
bloomberg.com logoGOP Bill's Medicaid Cuts Draw Fire From Insurers, Governors
www.bloomberg.com - March 21 at 5:46 PM
finance.yahoo.com logoHERITAGE COMMERCE CORP Financials
finance.yahoo.com - March 9 at 3:50 PM
finance.yahoo.com logoHeritage Commerce Corp to Participate in the Sandler O’Neil West Coast Financial Services Conference
finance.yahoo.com - March 6 at 9:13 AM
biz.yahoo.com logoHERITAGE COMMERCE CORP Files SEC form 10-K, Annual Report
biz.yahoo.com - March 3 at 5:44 PM
biz.yahoo.com logoHERITAGE COMMERCE CORP Files SEC form 8-K, Material Modification to Rights of Security Holders, Change in Directors o
biz.yahoo.com - February 16 at 5:40 PM
feeds.benzinga.com logoHeritage Commerce Corp to Participate in FIG Partners Annual West Coast Bank CEO Forum in Los Angeles, February 1 – 2, 2017
feeds.benzinga.com - January 31 at 9:15 PM
us.rd.yahoo.com logoHeritage Commerce Corp. downgraded by Keefe Bruyette
us.rd.yahoo.com - January 30 at 11:31 PM
finance.yahoo.com logoHeritage Commerce Corp Earns $7.2 Million in Fourth Quarter 2016, Up 63% from ...
finance.yahoo.com - January 28 at 6:00 AM
us.rd.yahoo.com logoHeritage Commerce Corp Earns $7.2 Million in Fourth Quarter 2016, Up 63% from Fourth Quarter 2015; Achieves Record Net Income of $27.4 Million for Full Year 2016
us.rd.yahoo.com - January 27 at 12:24 AM
us.rd.yahoo.com logo6:41 pm Heritage Commerce Corp. reports Q4 EPS of $0.19 vs $0.19 Capital IQ Consensus; increases quarterly cash dividend 11% to $0.10 per share
us.rd.yahoo.com - January 27 at 12:24 AM
finance.yahoo.com logoHeritage Commerce Corp Increases Quarterly Cash Dividend 11% to $0.10 Per Share
finance.yahoo.com - January 26 at 7:24 PM
finance.yahoo.com logoCoverage initiated on Heritage Commerce Corp. by Brean Capital
finance.yahoo.com - January 10 at 6:40 PM
biz.yahoo.com logoHERITAGE COMMERCE CORP Files SEC form 8-K, Change in Directors or Principal Officers
biz.yahoo.com - December 21 at 6:37 PM
247wallst.com logoHuge West Coast Bank Trades Highlight Insider Selling: Invesco, WebMD, Palo Alto Networks and More
247wallst.com - December 10 at 10:09 AM
biz.yahoo.com logoHERITAGE COMMERCE CORP Files SEC form 10-Q, Quarterly Report
biz.yahoo.com - November 4 at 4:33 PM
biz.yahoo.com logoHERITAGE COMMERCE CORP Files SEC form 8-K, Results of Operations and Financial Condition, Other Events, Financial Sta
biz.yahoo.com - November 1 at 5:46 PM
nasdaq.com logoHeritage Commerce Corp Reports Strong Third Quarter 2016 Earnings of $6.8 Million
www.nasdaq.com - October 28 at 5:22 PM
finance.yahoo.com logo2:12 am Heritage Commerce Corp. misses by $0.01
finance.yahoo.com - October 28 at 8:49 AM

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Chart

Heritage Commerce Corp. (HTBK) Chart for Tuesday, May, 23, 2017

This page was last updated on 5/23/2017 by MarketBeat.com Staff