Heritage Commerce Corp
Prices are adjusted according to historical splits.
Vitals
- Today's Low:
- $8.45
- Today's High:
- $8.66
- Open Price:
- $8.56
- 52W Low:
- $6.4797
- 52W High:
- $14.2528
- Prev. Close:
- $8.55
- Volume:
- 172918
Company Statistics
- Market Cap.:
- $522.33 million
- Book Value:
- 10.7
- Revenue TTM:
- $203.92 million
- Operating Margin TTM:
- 51.55%
- Gross Profit TTM:
- $189.23 million
- Profit Margin:
- 36.38%
- Return on Assets TTM:
- 1.39%
- Return on Equity TTM:
- 11.77%
Company Profile
Heritage Commerce Corp had its IPO on 1998-07-30 under the ticker symbol HTBK.
The company operates in the Financial Services sector and Banks-Regional industry. Heritage Commerce Corp has a staff strength of 347 employees.
Stock update
Shares of Heritage Commerce Corp opened at $8.56 at the start of the last trading session i.e. 2023-09-12.
The stocks traded within a range of $8.45 - $8.66, and closed at $8.51.
This is a -0.47% slip from the previous day's closing price.
A total volume of 172,918 shares were traded at the close of the day’s session.
In the last one week, shares of Heritage Commerce Corp have slipped by -3.95%.
Heritage Commerce Corp's Key Ratios
Heritage Commerce Corp has a market cap of $522.33 million, indicating a price to book ratio of 1.3209 and a price to sales ratio of 4.5344.
In the last 12-months Heritage Commerce Corp’s revenue was $203.92 million with a gross profit of $189.23 million and an EBITDA of $0. The EBITDA ratio measures Heritage Commerce Corp's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Heritage Commerce Corp’s operating margin was 51.55% while its return on assets stood at 1.39% with a return of equity of 11.77%.
In Q2, Heritage Commerce Corp’s quarterly earnings growth was a positive 12% while revenue growth was a positive 8.9%.
Heritage Commerce Corp’s PE and PEG Ratio
- Forward PE
- 9.1408
- Trailing PE
- 7.0082
- PEG
- 1.88
Its diluted EPS in the last 12-months stands at $1.22 per share while it has a forward price to earnings multiple of 9.1408 and a PEG multiple of 1.88. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Heritage Commerce Corp’s profitability.
Heritage Commerce Corp stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 4.5344.
Heritage Commerce Corp stock pays annual dividends of $0.52 per share, indicating a yield of 6.04% and a payout ratio of 42.62%.
Balance sheet and cash flow metrics
- Total Assets
- $5.31 billion
- Total Liabilities
- $117.97 million
- Operating Cash Flow
- $-7902000.00
- Capital Expenditure
- $329000
- Dividend Payout Ratio
- 42.62%
Heritage Commerce Corp ended 2024 with $5.31 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $5.31 billion while shareholder equity stood at $653.67 million.
Heritage Commerce Corp ended 2024 with $0 in deferred long-term liabilities, $117.97 million in other current liabilities, 505075000.00 in common stock, $165.85 million in retained earnings and $167.63 million in goodwill. Its cash balance stood at $511.50 million and cash and short-term investments were $528609.00. The company’s total short-term debt was $62,653,000 while long-term debt stood at $39.43 million.
Heritage Commerce Corp’s total current assets stands at $528609.00 while long-term investments were $1.17 billion and short-term investments were $486.06 million. Its net receivables were $121.47 million compared to accounts payable of $117.97 million and inventory worth $0.
In 2024, Heritage Commerce Corp's operating cash flow was $-7902000.00 while its capital expenditure stood at $329000.
Comparatively, Heritage Commerce Corp paid $0.43 in dividends in 2024.
Other key metrics
- Current Trading Price
- $8.51
- 52-Week High
- $14.2528
- 52-Week Low
- $6.4797
- Analyst Target Price
- $11.25
Heritage Commerce Corp stock is currently trading at $8.51 per share. It touched a 52-week high of $14.2528 and a 52-week low of $14.2528. Analysts tracking the stock have a 12-month average target price of $11.25.
Its 50-day moving average was $8.95 and 200-day moving average was $9.75 The short ratio stood at 2.18 indicating a short percent outstanding of 0%.
Around 427.2% of the company’s stock are held by insiders while 7322.9% are held by institutions.
Frequently Asked Questions About Heritage Commerce Corp
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About
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. In addition, it offers other banking services, including cashier’s checks, bank by mail, night depositories, safe deposit boxes, direct deposit, automated payroll, electronic funds transfer, 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, factoring financing, and electronic banking services. Heritage Commerce Corp was founded in 1994 and is headquartered in San Jose, California.