NASDAQ:HTBK - Heritage Commerce Stock Price, Price Target & More

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$17.59 +0.03 (+0.17 %)
(As of 06/20/2018 04:00 PM ET)
Previous Close$17.56
Today's Range$17.51 - $17.75
52-Week Range$12.76 - $18.10
Volume206,000 shs
Average Volume148,234 shs
Market Capitalization$705.61 million
P/E Ratio21.99
Dividend Yield2.50%
Beta0.6
Heritage Commerce logoHeritage 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

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
SymbolNASDAQ:HTBK
CUSIP42692710
Phone408-947-6900

Debt

Debt-to-Equity Ratio0.14
Current Ratio0.66
Quick Ratio0.66

Price-To-Earnings

Trailing P/E Ratio21.99
Forward P/E Ratio15.99
P/E Growth1.6

Sales & Book Value

Annual Sales$116.52 million
Price / Sales6.06
Cash Flow$1.0069 per share
Price / Cash17.47
Book Value$7.10 per share
Price / Book2.48

Profitability

EPS (Most Recent Fiscal Year)$0.80
Net Income$23.82 million
Net Margins21.93%
Return on Equity12.22%
Return on Assets1.18%

Miscellaneous

Employees278
Outstanding Shares40,160,000

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 announced a quarterly dividend on Friday, April 27th. Shareholders of record on Thursday, May 10th will be paid a dividend of $0.11 per share on Thursday, May 24th. This represents a $0.44 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend is Wednesday, May 9th. View Heritage Commerce's Dividend History.

How were Heritage Commerce's earnings last quarter?

Heritage Commerce Corp (NASDAQ:HTBK) posted its earnings results on Thursday, April, 26th. The financial services provider reported $0.23 earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by $0.01. The financial services provider earned $28.54 million during the quarter, compared to analysts' expectations of $29.45 million. Heritage Commerce had a return on equity of 12.22% and a net margin of 21.93%. 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, July, 26th 2018. View Earnings Estimates for Heritage Commerce.

What price target have analysts set for HTBK?

3 brokers have issued 12-month price targets for Heritage Commerce's stock. Their forecasts range from $17.50 to $19.00. On average, they anticipate Heritage Commerce's stock price to reach $18.25 in the next year. 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. 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. " (5/3/2018)
  • 2. Brean Capital analysts commented, "After the close, HTBK announced a small, in-market deal with its acquisition of Tri-Valley Bank (TRVB – NR) in an all-stock deal valued at ~$31.6M. The acquisition enhances HTBK’s Bay Area presence while also providing consolidation opportunities, resulting in elevated projected cost savings. While not a material deal in terms of size, we are encouraged with management’s efforts to continue expanding the franchise in an accretive manner (both on earnings and TBV). Given the pending tax reform, we had estimated HTBK’s TCE levels would fall below 8% while its Total Capital ratio would remain full (14%+). Commentary suggests at closing that TCE will be modestly above 8%, which, combined with a healthy valuation, excess liquidity and an attractive earnings profile (lower tax rate helps too), positions the company to continue pursuing external growth as a complement to healthy organic expansion prospects." (12/22/2017)

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)

Has Heritage Commerce been receiving favorable news coverage?

Media stories about HTBK stock have been trending somewhat positive this week, according to Accern. The research group scores the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Heritage Commerce earned a coverage optimism score of 0.04 on Accern's scale. They also assigned media stories about the financial services provider an impact score of 44.89 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the near future.

Who are Heritage Commerce's major shareholders?

Heritage Commerce's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.47%), Dimensional Fund Advisors LP (4.66%), The Manufacturers Life Insurance Company (4.48%), Thrivent Financial for Lutherans (3.01%), Westwood Holdings Group Inc. (2.18%) and Banc Funds Co. LLC (2.18%). Company insiders that own Heritage Commerce stock include David Porter, J Philip Dinapoli, Jack W Conner, 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 major 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, Millennium Management LLC, Penn Capital Management Co. Inc., GSA Capital Partners LLP, Granite Investment Partners LLC, Citadel Advisors LLC, Trexquant Investment LP and Wells Fargo & Company MN. Company insiders that have sold Heritage Commerce company stock in the last year include Jack W Conner, Keith Wilton, Komas Julianne M Biagini and Michael Eugene Benito. View Insider Buying and Selling for Heritage Commerce.

Which major investors are buying Heritage Commerce stock?

HTBK stock was purchased by a variety of institutional investors in the last quarter, including Thrivent Financial for Lutherans, Maltese Capital Management LLC, Dimensional Fund Advisors LP, BlackRock Inc., ClariVest Asset Management LLC, Hillsdale Investment Management Inc., WBI Investments Inc. and Westwood Holdings Group Inc.. 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 $17.59.

How big of a company is Heritage Commerce?

Heritage Commerce has a market capitalization of $705.61 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.

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 (HTBK)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  168 (Vote Outperform)
Underperform Votes:  207 (Vote Underperform)
Total Votes:  375
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 6/20/2018 by MarketBeat.com Staff

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