Heritage Commerce (HTBK) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $9.49 to $9.83
• 50-Day Range: $9.47 to $10.97
• 52-Week Range: $7.66 to $11.27
• Volume: 847,342 shs
• Average Volume: 384,926 shs
• Market Capitalization: $587.90 million
• P/E Ratio: 13.51
• Dividend Yield: 5.42%
• Price Target: $11.50
• Consensus Rating: Buy

Heritage Commerce Stock Analysis - MarketRank™

Heritage Commerce scored higher than 77% of companies evaluated by MarketBeat, and ranked 329th out of 935 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.5 / 5
• Analyst Rating: Buy

Consensus Rating

Heritage Commerce has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Heritage Commerce has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 6.06%

Earnings Growth

Earnings for Heritage Commerce are expected to grow by 6.06% in the coming year, from $0.66 to $0.70 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Heritage Commerce is 13.51, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.39.

Price to Earnings Ratio vs. Sector

The P/E ratio of Heritage Commerce is 13.51, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 26.69.

Price to Book Value per Share Ratio

Heritage Commerce has a P/B Ratio of 0.87. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.60% of the float of Heritage Commerce has been sold short.

Short Interest Ratio / Days to Cover

Heritage Commerce has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Heritage Commerce has recently increased by 80.80%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

Heritage Commerce is a leading dividend payer. It pays a dividend yield of 5.03%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Heritage Commerce does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Heritage Commerce is 73.24%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Heritage Commerce will have a dividend payout ratio of 74.29% next year. This indicates that Heritage Commerce will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.60% of the float of Heritage Commerce has been sold short.

Short Interest Ratio / Days to Cover

Heritage Commerce has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Heritage Commerce has recently increased by 80.80%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.2 / 5
• News Sentiment: N/A

News Sentiment

Heritage Commerce has a news sentiment score of 1.76. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.75 average news sentiment score of Finance companies.

MarketBeat Follows

1 people have added Heritage Commerce to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Heritage Commerce insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 3.99% of the stock of Heritage Commerce is held by insiders.

Percentage Held by Institutions

75.55% of the stock of Heritage Commerce is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

HTBK Stock Analysis - Frequently Asked Questions

How have HTBK shares performed this year?

Heritage Commerce's stock was trading at $9.92 at the beginning of 2024. Since then, HTBK stock has decreased by 3.3% and is now trading at $9.59.
View the best growth stocks for 2024 here.

How were Heritage Commerce's earnings last quarter?

Heritage Commerce Corp (NASDAQ:HTBK) announced its quarterly earnings data on Thursday, October, 24th. The financial services provider reported $0.17 earnings per share for the quarter, hitting the consensus estimate of $0.17. The financial services provider earned $63.68 million during the quarter, compared to analyst estimates of $43.14 million. Heritage Commerce had a trailing twelve-month return on equity of 6.37% and a net margin of 17.61%.

Who are Heritage Commerce's major shareholders?

Heritage Commerce's top institutional investors include Wellington Management Group LLP (3.32%), State Street Corp (3.21%), Geode Capital Management LLC (2.32%) and The Manufacturers Life Insurance Company (2.15%). Insiders that own company stock include Jason Philip Dinapoli, Walter Theodore Kaczmarek, Jack W Conner, Lawrence D Mcgovern, Robert Moles, Stephen G Heitel and Kamran F Husain.
View institutional ownership trends.

How do I buy shares of Heritage Commerce?

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

What other stocks do shareholders of Heritage Commerce own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Heritage Commerce investors own include JPMorgan Chase & Co. (JPM), NVIDIA (NVDA), Tesla (TSLA), Advanced Micro Devices (AMD), Meta Platforms (META), Netflix (NFLX) and Home Depot (HD).

Company Calendar

• Last Earnings: 10/24/2024
• Ex-Dividend for 11/21 Dividend: 11/07/2024
• Dividend Payable: 11/21/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: State commercial banks
• Sub-Industry: Regional Banks
• Current Symbol: NASDAQ:HTBK
• CUSIP: 42692710
• CIK: 1053352
• Web: www.heritagecommercecorp.com
• Phone: (408) 947-6900
• Fax: 408-947-6910
• Employees: 353
• Year Founded: 1994

Price Target and Rating

• Average Stock Price Target: $11.50
• High Stock Price Target: $12.00
• Low Stock Price Target: $11.00
• Potential Upside/Downside: +19.9%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.71
• Trailing P/E Ratio: 13.51
• Forward P/E Ratio: 14.53
• P/E Growth: N/A
• Net Income: $64.44 million
• Net Margins: 17.61%
• Pretax Margin: 24.61%
• Return on Equity: 6.37%
• Return on Assets: 0.81%

Debt

• Debt-to-Equity Ratio: 0.06
• Current Ratio: 0.73
• Quick Ratio: 0.73

Sales & Book Value

• Annual Sales: $169.41 million
• Price / Sales: 3.47
• Cash Flow: $0.97 per share
• Price / Cash Flow: 9.89
• Book Value: $11.02 per share
• Price / Book: 0.87

Miscellaneous

• Outstanding Shares: 61,303,000
• Free Float: 58,857,000
• Market Cap: $587.90 million
• Optionable: Optionable
• Beta: 0.94