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Financial Services - Banks - Regional - NASDAQ - US
$ 10.65
-0.187 %
$ 653 M
Market Cap
15.21
P/E
1. INTRINSIC VALUE

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.[ Read More ]

The intrinsic value of one HTBK stock under the base case scenario is HIDDEN Compared to the current market price of 10.7 USD, Heritage Commerce Corp is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart HTBK

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FINANCIALS
191 M REVENUE
0.78%
-749 K OPERATING INCOME
-0.72%
64.4 M NET INCOME
-3.17%
73 M OPERATING CASH FLOW
4.52%
70.2 M INVESTING CASH FLOW
110.48%
-41.7 M FINANCING CASH FLOW
89.58%
2.24 K REVENUE
-100.00%
14.4 M OPERATING INCOME
110066.77%
10.5 M NET INCOME
13.79%
5.86 M OPERATING CASH FLOW
-43.53%
25.2 M INVESTING CASH FLOW
-75.88%
277 M FINANCING CASH FLOW
3579.34%
Balance Sheet Decomposition Heritage Commerce Corp
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Current Assets 408 M
Cash & Short-Term Investments 408 M
Receivables 0
Other Current Assets 0
Non-Current Assets 622 M
Long-Term Investments 404 M
PP&E 41.5 M
Other Non-Current Assets 176 M
Current Liabilities 2.22 B
Accounts Payable 0
Short-Term Debt 6.66 M
Other Current Liabilities 2.21 B
Non-Current Liabilities 4.52 B
Long-Term Debt 64.5 M
Other Non-Current Liabilities 4.46 B
EFFICIENCY
Earnings Waterfall Heritage Commerce Corp
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Revenue 191 M
Cost Of Revenue 0
Gross Profit 191 M
Operating Expenses 192 M
Operating Income -749 K
Other Expenses -65.2 M
Net Income 64.4 M
RATIOS
100.00% GROSS MARGIN
100.00%
-0.39% OPERATING MARGIN
-0.39%
33.66% NET MARGIN
33.66%
9.58% ROE
9.58%
1.24% ROA
1.24%
-0.07% ROIC
-0.07%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Heritage Commerce Corp
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Net Income 64.4 M
Depreciation & Amortization 3.52 M
Capital Expenditures -1.67 M
Stock-Based Compensation 2.4 M
Change in Working Capital 8.48 M
Others -5.83 M
Free Cash Flow 71.3 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Heritage Commerce Corp
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Wall Street analysts predict an average 1-year price target for HTBK of $12.4 , with forecasts ranging from a low of $12 to a high of $13 .
HTBK Lowest Price Target Wall Street Target
12 USD 12.68%
HTBK Average Price Target Wall Street Target
12.4 USD 16.43%
HTBK Highest Price Target Wall Street Target
13 USD 22.07%
4. DIVIDEND ANALYSIS
1.32% DIVIDEND YIELD
0.13 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Heritage Commerce Corp
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
61.9 K USD 1
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
9 months ago
Jan 31, 2024
Sell 61.9 K USD
Conner Jack W
Director
- 6944
8.9201 USD
1 year ago
May 05, 2023
Bought 36.8 K USD
Conner Jack W
Director
+ 5000
7.3688 USD
1 year ago
May 02, 2023
Bought 76.1 K USD
Conner Jack W
Director
+ 10000
7.6083 USD
1 year ago
Mar 06, 2023
Bought 43.6 K USD
DiNapoli Jason Philip
Director
+ 3660
11.9151 USD
1 year ago
Mar 03, 2023
Sell 107 K USD
Moles Robert
Director
- 9000
11.9131 USD
1 year ago
Feb 22, 2023
Bought 24.5 K USD
Husain Kamran F
Director
+ 2000
12.2535 USD
1 year ago
Feb 07, 2023
Sell 250 K USD
Heitel Stephen G.
Director
- 20000
12.49 USD
1 year ago
Dec 06, 2022
Bought 23.5 K USD
DiNapoli Jason Philip
Director
+ 1727
13.62 USD
1 year ago
Dec 05, 2022
Bought 18.1 K USD
DiNapoli Jason Philip
Director
+ 1325
13.6668 USD
2 years ago
Nov 17, 2022
Sell 328 K USD
MCGOVERN LAWRENCE D
EVP/CFO
- 22500
14.593 USD
2 years ago
Nov 10, 2022
Bought 46.8 K USD
DiNapoli Jason Philip
Director
+ 3275
14.28 USD
2 years ago
Nov 10, 2022
Bought 41.8 K USD
DiNapoli Jason Philip
Director
+ 2900
14.4285 USD
2 years ago
Aug 24, 2022
Sell 249 K USD
Kaczmarek Walter Theodore
President and CEO
- 21419
11.6313 USD
2 years ago
Jun 03, 2022
Sell 28.4 K USD
MCGOVERN LAWRENCE D
EVP/CFO
- 2500
11.3683 USD
2 years ago
Mar 01, 2022
Bought 23 K USD
DiNapoli Jason Philip
Director
+ 2024
11.36 USD
2 years ago
Mar 01, 2022
Bought 17.7 K USD
DiNapoli Jason Philip
Director
+ 1555
11.4098 USD
2 years ago
Feb 03, 2022
Sell 112 K USD
Conner Jack W
Director
- 9119
12.245 USD
2 years ago
Feb 01, 2022
Sell 37.3 K USD
Conner Jack W
Director
- 3000
12.44 USD
2 years ago
Dec 15, 2021
Bought 119 K USD
DiNapoli Jason Philip
Director
+ 10200
11.6477 USD
2 years ago
Dec 14, 2021
Bought 29.6 K USD
DiNapoli Jason Philip
Director
+ 2706
10.9462 USD
3 years ago
Nov 11, 2021
Bought 60.7 K USD
DiNapoli Jason Philip
Director
+ 5000
12.1392 USD
3 years ago
Nov 10, 2021
Sell 328 K USD
Heitel Stephen G.
Director
- 26992
12.15 USD
3 years ago
Nov 09, 2021
Sell 4.35 K USD
Heitel Stephen G.
Director
- 358
12.15 USD
3 years ago
Nov 08, 2021
Sell 397 K USD
Heitel Stephen G.
Director
- 32650
12.1546 USD
3 years ago
Nov 08, 2021
Sell 332 K USD
Heitel Stephen G.
Director
- 27350
12.1502 USD
3 years ago
Nov 08, 2021
Sell 332 K USD
Heitel Stephen G.
Director
- 27350
12.1502 USD
3 years ago
Nov 04, 2021
Bought 60.6 K USD
DiNapoli Jason Philip
Director
+ 5000
12.1138 USD
3 years ago
Jun 10, 2021
Sell 52.7 K USD
Moles Robert
Director
- 4500
11.7041 USD
3 years ago
Feb 16, 2021
Sell 204 K USD
Kaczmarek Walter Theodore
Director
- 22083
9.2495 USD
3 years ago
Dec 14, 2020
Sell 41.6 K USD
Benito Michael Eugene
EVP
- 4500
9.243 USD
3 years ago
Dec 10, 2020
Bought 89.4 K USD
DiNapoli Jason Philip
Director
+ 10000
8.9399 USD
4 years ago
Jul 28, 2020
Sell 42.6 K USD
Benito Michael Eugene
EVP
- 6250
6.8102 USD
4 years ago
May 27, 2020
Sell 23.8 K USD
Wilton Keith
President and CEO
- 2730
8.7135 USD
4 years ago
May 04, 2020
Sell 31 K USD
Wilton Keith
President and CEO
- 3713
8.36 USD
4 years ago
Mar 10, 2020
Bought 43.2 K USD
DiNapoli Jason Philip
Director
+ 5094
8.4886 USD
4 years ago
Mar 09, 2020
Bought 3.29 K USD
Conner Jack W
Director
+ 400
8.2271 USD
4 years ago
Mar 09, 2020
Bought 4.94 K USD
Conner Jack W
Director
+ 600
8.23 USD
4 years ago
Mar 05, 2020
Bought 50.8 K USD
Hallgrimson Steven L.
Director
+ 5000
10.1576 USD
4 years ago
Mar 02, 2020
Bought 72.1 K USD
Conner Jack W
Director
+ 7000
10.3009 USD
4 years ago
Mar 02, 2020
Bought 52 K USD
Conner Jack W
Director
+ 5000
10.3974 USD
4 years ago
Feb 27, 2020
Bought 54.4 K USD
DiNapoli Jason Philip
Director
+ 5000
10.888 USD
4 years ago
Feb 24, 2020
Bought 7.99 K USD
Conner Jack W
Director
+ 700
11.4097 USD
4 years ago
Feb 06, 2020
Bought 119 K USD
DiNapoli Jason Philip
Director
+ 10000
11.8668 USD
4 years ago
Feb 04, 2020
Sell 361 K USD
Kaczmarek Walter Theodore
Director
- 30731
11.7576 USD
4 years ago
Jan 28, 2020
Bought 94.4 K USD
Hallgrimson Steven L.
Director
+ 8000
11.7993 USD
4 years ago
Jan 28, 2020
Bought 25 K USD
Conner Jack W
Director
+ 2129
11.7399 USD
4 years ago
Dec 09, 2019
Bought 61.6 K USD
DiNapoli Jason Philip
Director
+ 5000
12.3112 USD
5 years ago
Nov 12, 2019
Bought 62.2 K USD
DiNapoli Jason Philip
Director
+ 5000
12.4369 USD
5 years ago
Oct 29, 2019
Bought 12 K USD
Hallgrimson Steven L.
Director
+ 1000
11.96 USD
5 years ago
Jun 07, 2019
Bought 60 K USD
DiNapoli Jason Philip
Director
+ 5000
12.0077 USD
5 years ago
May 31, 2019
Bought 108 K USD
Conner Jack W
Director
+ 9020
11.968 USD
5 years ago
May 30, 2019
Bought 60.5 K USD
DiNapoli Jason Philip
Director
+ 5000
12.0964 USD
5 years ago
May 24, 2019
Sell 68.1 K USD
Wilton Keith
EVP/COO
- 5575
12.2147 USD
5 years ago
May 24, 2019
Bought 2.43 K USD
Hallgrimson Steven L.
Director
+ 200
12.169 USD
5 years ago
May 24, 2019
Bought 1.22 K USD
Hallgrimson Steven L.
Director
+ 100
12.1528 USD
5 years ago
May 24, 2019
Bought 8.51 K USD
Hallgrimson Steven L.
Director
+ 700
12.1636 USD
5 years ago
May 22, 2019
Bought 35 K USD
Conner Jack W
Director
+ 2879
12.1676 USD
5 years ago
May 22, 2019
Bought 36.9 K USD
Conner Jack W
Director
+ 3000
12.2843 USD
5 years ago
May 22, 2019
Bought 24.6 K USD
Conner Jack W
Director
+ 2000
12.2853 USD
5 years ago
Feb 11, 2019
Sell 535 K USD
Moles Robert
Director
- 40000
13.385 USD
5 years ago
Feb 12, 2019
Sell 134 K USD
Moles Robert
Director
- 9900
13.5389 USD
5 years ago
Feb 12, 2019
Sell 547 K USD
Kaczmarek Walter Theodore
President & CEO/Director
- 40500
13.4989 USD
5 years ago
Jan 31, 2019
Bought 45.5 K USD
Conner Jack W
Director
+ 3500
12.9904 USD
5 years ago
Jan 29, 2019
Bought 66.6 K USD
Conner Jack W
Director
+ 5000
13.322 USD
5 years ago
Jan 29, 2019
Bought 74 K USD
Conner Jack W
Director
+ 5500
13.4592 USD
5 years ago
Dec 12, 2018
Bought 90.9 K USD
Hallgrimson Steven L.
Director
+ 7000
12.991 USD
5 years ago
Dec 04, 2018
Bought 25 K USD
Conner Jack W
Director
+ 1828
13.669 USD
5 years ago
Dec 04, 2018
Bought 13.7 K USD
Conner Jack W
Director
+ 1000
13.6695 USD
5 years ago
Nov 28, 2018
Sell 81.1 K USD
Wilton Keith
EVP/COO
- 5649
14.359 USD
5 years ago
Nov 21, 2018
Bought 24.9 K USD
Conner Jack W
Director
+ 1755
14.2006 USD
5 years ago
Nov 21, 2018
Bought 25.1 K USD
Conner Jack W
Director
+ 1758
14.2679 USD
6 years ago
Nov 12, 2018
Bought 100 K USD
Conner Jack W
Director
+ 6944
14.43 USD
6 years ago
Nov 12, 2018
Bought 50 K USD
Conner Jack W
Director
+ 3474
14.39 USD
6 years ago
Oct 30, 2018
Bought 147 K USD
DiNapoli Jason Philip
Director
+ 10000
14.6867 USD
6 years ago
Aug 06, 2018
Bought 74.1 K USD
DiNapoli Jason Philip
Director
+ 5000
14.824 USD
6 years ago
May 25, 2018
Sell 59.6 K USD
Wilton Keith
EVP/COO
- 3500
17.0198 USD
6 years ago
May 24, 2018
Sell 102 K USD
Benito Michael Eugene
EVP
- 6000
17 USD
6 years ago
May 10, 2018
Sell 390 K USD
Conner Jack W
Director
- 23000
16.9766 USD
6 years ago
Feb 08, 2018
Sell 379 K USD
Conner Jack W
Director
- 24500
15.4662 USD
7 years ago
Aug 28, 2017
Sell 49.8 K USD
BIAGINI KOMAS JULIANNE M
Director
- 3650
13.6468 USD
7 years ago
Aug 10, 2017
Bought 67.7 K USD
DINAPOLI J PHILIP
Director
+ 5000
13.5342 USD
7 years ago
Mar 10, 2017
Sell 82.2 K USD
Kaczmarek Walter Theodore
President & CEO/Director
- 5908
13.9051 USD
7 years ago
Mar 13, 2017
Sell 114 K USD
Kaczmarek Walter Theodore
President & CEO/Director
- 8092
14.0757 USD
7 years ago
Mar 02, 2017
Sell 153 K USD
Conner Jack W
Director
- 10833
14.139 USD
7 years ago
Dec 05, 2016
Sell 64.9 K USD
PORTER DAVID
EVP/CCO
- 5000
12.9726 USD
7 years ago
Dec 01, 2016
Sell 29.6 M USD
WYCOFF W KIRK
Director
- 2416083
12.2501 USD
7 years ago
Dec 01, 2016
Sell 5.11 M USD
WYCOFF W KIRK
Director
- 417419
12.2501 USD
7 years ago
Nov 30, 2016
Sell 5.21 M USD
WYCOFF W KIRK
Director
- 426349
12.2166 USD
7 years ago
Nov 30, 2016
Sell 900 K USD
WYCOFF W KIRK
Director
- 73651
12.2166 USD
7 years ago
Nov 29, 2016
Sell 58.4 K USD
Wilton Keith
EVP/COO
- 4680
12.4777 USD
7 years ago
Nov 28, 2016
Sell 1.07 M USD
WYCOFF W KIRK
Director
- 85270
12.5 USD
7 years ago
Nov 28, 2016
Sell 184 K USD
WYCOFF W KIRK
Director
- 14730
12.5 USD
7 years ago
Nov 22, 2016
Sell 8.97 M USD
EGGEMEYER JOHN M III
Director
- 739137
12.137 USD
7 years ago
Nov 21, 2016
Sell 10.2 M USD
WYCOFF W KIRK
Director
- 852698
12 USD
7 years ago
Nov 21, 2016
Sell 1.77 M USD
WYCOFF W KIRK
Director
- 147302
12 USD
7 years ago
Nov 21, 2016
Sell 1.56 M USD
EGGEMEYER JOHN M III
Director
- 124088
12.5338 USD
8 years ago
Nov 18, 2016
Sell 12.4 M USD
EGGEMEYER JOHN M III
Director
- 1050000
11.7691 USD
8 years ago
Nov 17, 2016
Sell 21 M USD
EGGEMEYER JOHN M III
Director
- 1786744
11.7585 USD
8 years ago
Nov 16, 2016
Sell 600 K USD
EGGEMEYER JOHN M III
Director
- 49962
12.005 USD
8 years ago
Nov 14, 2016
Sell 12.2 K USD
EGGEMEYER JOHN M III
Director
- 994
12.3 USD
8 years ago
Nov 11, 2016
Sell 152 K USD
EGGEMEYER JOHN M III
Director
- 12300
12.3348 USD
8 years ago
Sep 08, 2016
Sell 68.3 K USD
WYCOFF W KIRK
Director
- 5942
11.501 USD
8 years ago
Sep 08, 2016
Sell 11.8 K USD
WYCOFF W KIRK
Director
- 1026
11.501 USD
8 years ago
Sep 07, 2016
Sell 5.88 K USD
WYCOFF W KIRK
Director
- 511
11.5 USD
8 years ago
Sep 07, 2016
Sell 1.02 K USD
WYCOFF W KIRK
Director
- 89
11.5 USD
8 years ago
Sep 06, 2016
Sell 30.5 K USD
BIAGINI KOMAS JULIANNE M
Director
- 2650
11.491 USD
8 years ago
Sep 06, 2016
Sell 75.5 K USD
WYCOFF W KIRK
Director
- 6567
11.5024 USD
8 years ago
Sep 06, 2016
Sell 13 K USD
WYCOFF W KIRK
Director
- 1134
11.5024 USD
8 years ago
Sep 02, 2016
Sell 207 K USD
WYCOFF W KIRK
Director
- 18024
11.5 USD
8 years ago
Sep 02, 2016
Sell 35.8 K USD
WYCOFF W KIRK
Director
- 3114
11.5 USD
8 years ago
Sep 01, 2016
Sell 380 K USD
WYCOFF W KIRK
Director
- 33004
11.503 USD
8 years ago
Sep 01, 2016
Sell 65.6 K USD
WYCOFF W KIRK
Director
- 5701
11.503 USD
8 years ago
Aug 31, 2016
Sell 308 K USD
WYCOFF W KIRK
Director
- 26763
11.506 USD
8 years ago
Aug 31, 2016
Sell 53.2 K USD
WYCOFF W KIRK
Director
- 4623
11.506 USD
8 years ago
Aug 31, 2016
Sell 959 K USD
EGGEMEYER JOHN M III
Director
- 83100
11.5351 USD
8 years ago
Aug 30, 2016
Sell 35.3 K USD
EGGEMEYER JOHN M III
Director
- 2975
11.8518 USD
8 years ago
Aug 30, 2016
Sell 985 K USD
WYCOFF W KIRK
Director
- 85270
11.5542 USD
8 years ago
Aug 30, 2016
Sell 170 K USD
WYCOFF W KIRK
Director
- 14730
11.5542 USD
8 years ago
Aug 29, 2016
Sell 10.7 M USD
EGGEMEYER JOHN M III
Director
- 915000
11.7025 USD
8 years ago
Aug 25, 2016
Sell 809 K USD
WYCOFF W KIRK
Director
- 68216
11.8604 USD
8 years ago
Aug 25, 2016
Sell 140 K USD
WYCOFF W KIRK
Director
- 11784
11.8604 USD
8 years ago
Aug 18, 2016
Sell 58.2 K USD
BIAGINI KOMAS JULIANNE M
Director
- 5086
11.4504 USD
8 years ago
Aug 19, 2016
Sell 196 K USD
WYCOFF W KIRK
Director
- 17054
11.5187 USD
8 years ago
Aug 19, 2016
Sell 33.9 K USD
WYCOFF W KIRK
Director
- 2946
11.5187 USD
8 years ago
Aug 19, 2016
Sell 3.46 K USD
Conner Jack W
Director
- 300
11.54 USD
8 years ago
Aug 02, 2016
Bought 52.1 K USD
DINAPOLI J PHILIP
Director
+ 5000
10.4275 USD
8 years ago
Jun 03, 2016
Bought 10.8 K USD
DINAPOLI J PHILIP
Director
+ 1000
10.7783 USD
8 years ago
May 25, 2016
Sell 26.9 K USD
BIAGINI KOMAS JULIANNE M
Director
- 2500
10.75 USD
8 years ago
May 18, 2016
Sell 5.4 K USD
Benito Michael Eugene
EVP
- 540
10 USD
8 years ago
May 09, 2016
Sell 18.8 K USD
PORTER DAVID
EVP/CCO
- 1800
10.4527 USD
8 years ago
Feb 02, 2016
Bought 39.9 K USD
Conner Jack W
Director
+ 4166
9.5738 USD
8 years ago
Feb 02, 2016
Bought 19.9 K USD
Conner Jack W
Director
+ 2083
9.57 USD
9 years ago
Sep 01, 2015
Sell 4.12 K USD
Hallgrimson Steven L.
Director
- 400
10.31 USD
9 years ago
Sep 01, 2015
Bought 26.2 K USD
Conner Jack W
Director
+ 2500
10.47 USD
9 years ago
Sep 01, 2015
Bought 26.2 K USD
Conner Jack W
Director
+ 2500
10.467 USD
9 years ago
Aug 31, 2015
Bought 26.3 K USD
Conner Jack W
Director
+ 2500
10.5399 USD
9 years ago
Aug 31, 2015
Bought 26.3 K USD
Conner Jack W
Director
+ 2500
10.5184 USD
10 years ago
Dec 09, 2013
Bought 49.8 K USD
Conner Jack W
Director
+ 6000
8.2999 USD
11 years ago
Nov 06, 2013
Sell 44.8 K USD
Conner Jack W
Director
- 6000
7.4625 USD
11 years ago
Jun 17, 2013
Sell 23.6 K USD
Kawamoto Dan Toshio
EVP/Chief Adm Officer
- 3500
6.75 USD
11 years ago
Jun 17, 2013
Sell 20.3 K USD
MCGOVERN LAWRENCE D
Chief Financial Officer
- 3000
6.7748 USD
11 years ago
Jun 18, 2013
Sell 3.42 K USD
MCGOVERN LAWRENCE D
Chief Financial Officer
- 500
6.836 USD
12 years ago
Aug 20, 2012
Bought 46.6 K USD
FORD CELESTE VOLZ
Director
+ 7000
6.65 USD
12 years ago
Aug 10, 2012
Sell 4.26 K USD
BIAGGIO WILLIAM DEL JR
Business Development
- 669
6.37 USD
12 years ago
Aug 10, 2012
Sell 27.4 K USD
BIAGGIO WILLIAM DEL JR
Business Development
- 4331
6.32 USD
12 years ago
Aug 10, 2012
Bought 200 K USD
Conner Jack W
Director
+ 31400
6.38 USD
12 years ago
Jul 31, 2012
Bought 12.4 K USD
Roden Laura
Director
+ 2000
6.1852 USD
12 years ago
Jun 06, 2012
Sell 215 K USD
Conner Jack W
Director
- 35000
6.13 USD
12 years ago
May 29, 2012
Sell 3.07 K USD
Conner Jack W
Director
- 500
6.133 USD
12 years ago
May 24, 2012
Sell 29.6 K USD
Conner Jack W
Director
- 4750
6.2342 USD
12 years ago
May 23, 2012
Sell 4.09 K USD
Conner Jack W
Director
- 653
6.26 USD
12 years ago
May 15, 2012
Bought 13.4 K USD
Roden Laura
Director
+ 2000
6.68 USD
7. News
Heritage Commerce Corp Announces Chief Financial Officer Succession Lawrence D. McGovern to Depart Company in February 2025; Thomas A. Sa to Serve as Interim Chief Financial Officer Lawrence D. McGovern to Depart Company in February 2025; Thomas A. Sa to Serve as Interim Chief Financial Officer globenewswire.com - 3 days ago
Heritage Commerce (HTBK) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates The headline numbers for Heritage Commerce (HTBK) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals. zacks.com - 3 weeks ago
Heritage Commerce (HTBK) Q3 Earnings Match Estimates Heritage Commerce (HTBK) came out with quarterly earnings of $0.17 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.26 per share a year ago. zacks.com - 3 weeks ago
Heritage Commerce Corp Declares Regular Quarterly Cash Dividend of $0.13 Per Share SAN JOSE, Calif., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (Nasdaq: HTBK), the holding company for Heritage Bank of Commerce (the “Bank”), today announced that its Board of Directors had declared its regular quarterly cash dividend of $0.13 per share to holders of its common stock. The dividend will be payable on November 21, 2024, to shareholders of record at the close of the business day on November 7, 2024. Heritage Commerce Corp has paid a cash dividend each quarter since 2013. globenewswire.com - 3 weeks ago
Heritage Commerce Corp Reports Client Deposit Growth of 6% in the Third Quarter of 2024 SAN JOSE, Calif., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (Nasdaq: HTBK), (the “Company”), the holding company for Heritage Bank of Commerce (the “Bank”), today announced that its third quarter 2024 net income was $10.5 million, or $0.17 per average diluted common share, compared to $9.2 million, or $0.15 per average diluted common share, for the second quarter of 2024, and $15.8 million, or $0.26 per average diluted common share, for the third quarter of 2023. For the nine months ended September 30, 2024, net income was $29.9 million, or $0.49 per average diluted common share, compared to $51.1 million, or $0.83 per average diluted common share, for the nine months ended September 30, 2023. All data are unaudited. globenewswire.com - 3 weeks ago
Earnings Preview: Heritage Commerce (HTBK) Q3 Earnings Expected to Decline Heritage Commerce (HTBK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. zacks.com - 1 month ago
Heritage Commerce Corp and Heritage Bank of Commerce Announce Appointment of New Chief Operating Officer Thomas A. Sa SAN JOSE, Calif., Oct. 02, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ: HTBK) (“Company”), parent company of Heritage Bank of Commerce (“Bank”), today announced the appointment of Thomas A. Sa as the Chief Operating Officer (“COO”) of the Company and the Bank. As COO, Mr. Sa will report directly to Chief Executive Officer (“CEO”) Robertson “Clay” Jones and will have primary responsibility for banking operations, risk management, and information technology systems. Mr. Sa had previously served as President, Chief Operating Officer and Chief Financial Officer of California BanCorp and its subsidiary, California Bank of Commerce, which merged with Southern California Bancorp in July 2024. Mr. Sa has more than thirty years' experience in a variety of increasingly responsible positions in California-based community and regional banks. globenewswire.com - 1 month ago
Ranson W. Webster to Retire from Heritage Commerce Corp Board of Directors and Julianne M. Biagini-Komas to be named Vice Chair of Board SAN JOSE, Calif., Aug. 15, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ: HTBK) (the "Company"), the parent company of Heritage Bank of Commerce (the "Bank"), today announced the retirement of Ranson W. Webster from the Board of Directors, effective October 1, 2024. As one of the original founders, Webster joined the Board in 2004 and has served as Vice Chair of the Boards of Directors of the Company and the Bank. Director Julianne M. Biagini-Komas will assume the role of Vice Chair of both boards effective on the same date. globenewswire.com - 3 months ago
Here's What Key Metrics Tell Us About Heritage Commerce (HTBK) Q2 Earnings The headline numbers for Heritage Commerce (HTBK) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals. zacks.com - 3 months ago
Heritage Commerce (HTBK) Misses Q2 Earnings and Revenue Estimates Heritage Commerce (HTBK) came out with quarterly earnings of $0.15 per share, missing the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.27 per share a year ago. zacks.com - 3 months ago
Heritage Commerce Corp Announces $15 Million Share Repurchase SAN JOSE, Calif., July 25, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ: HTBK) (the "Company") the holding company of Heritage Bank of Commerce (the "Bank") today announced that its Board of Directors (the “Board”) adopted a share repurchase program (the “Repurchase Program”) under which the Company is authorized to repurchase up to $15 million of the Company's shares of its issued and outstanding common stock. globenewswire.com - 3 months ago
Heritage Commerce Corp Declares Regular Quarterly Cash Dividend of $0.13 Per Share SAN JOSE, Calif., July 25, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (Nasdaq: HTBK), the holding company for Heritage Bank of Commerce (the “Bank”), today announced that its Board of Directors had declared its regular quarterly cash dividend of $0.13 per share to holders of its common stock. The dividend will be payable on August 22, 2024, to shareholders of record at the close of the business day on August 8, 2024. Heritage Commerce Corp has paid a cash dividend each quarter since 2013. globenewswire.com - 3 months ago
8. Profile Summary

Heritage Commerce Corp HTBK

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COUNTRY US
INDUSTRY Banks - Regional
MARKET CAP $ 653 M
Dividend Yield 1.32%
Description 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. The company operates through 17 full-service branch offices located in the general San Francisco Bay Area of California. Heritage Commerce Corp was founded in 1994 and is headquartered in San Jose, California.
Contact 224 Airport Parkway, San Jose, CA, 95110 https://www.heritagecommercecorp.com
IPO Date July 20, 1998
Employees 353
Officers Mr. Robertson Jones President, Chief Executive Officer & Director Ms. Suzanne Crocker Senior Vice President of Marketing & Communications Mr. Michael V. Hansen Senior Vice President of Corporate Finance Division Ms. May K. Y. Wong Executive Vice President & Controller Mr. Thomas A. Sa CPA Executive Vice President & Chief Operating Officer Glen E. Shu Executive Vice President & President of Specialty Finance Group Mr. Lawrence D. McGovern Executive Vice President & Chief Financial Officer Mr. Sachin Vaidya Executive Vice President & Chief Information Officer Mr. Jeffrey Perkins Senior Vice President & Central Coast Regional Manager Ms. Deborah K. Reuter Executive Vice President, Chief Risk Officer & Corporate Secretary