Financial Services -
Banks - Regional - NASDAQ - US
$ 8.45
-0.236 %
$ 519 M
Market Cap
12.8
P/E
1. INTRINSIC VALUE
Balance Sheet
Heritage Commerce Corp
| Current Assets | 29.9 M |
| Cash & Short-Term Investments | 29.9 M |
| Receivables | 0 |
| Other Current Assets | 0 |
| Non-Current Assets | 5.62 B |
| Long-Term Investments | 0 |
| PP&E | 10.1 M |
| Other Non-Current Assets | 5.61 B |
| Current Liabilities | 95.6 M |
| Accounts Payable | 0 |
| Short-Term Debt | 0 |
| Other Current Liabilities | 95.6 M |
| Non-Current Liabilities | 4.86 B |
| Long-Term Debt | 39.7 M |
| Other Non-Current Liabilities | 4.82 B |
EFFICIENCY
Earnings Waterfall
Heritage Commerce Corp
| Revenue | 170 M |
| Cost Of Revenue | 0 |
| Gross Profit | 170 M |
| Operating Expenses | 79.6 M |
| Operating Income | 90.7 M |
| Other Expenses | 50.1 M |
| Net Income | 40.5 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Heritage Commerce Corp
| Net Income | 40.5 M |
| Depreciation & Amortization | 0 |
| Capital Expenditures | 0 |
| Stock-Based Compensation | 0 |
| Change in Working Capital | 0 |
| Others | -1.56 M |
| Free Cash Flow | 37.3 M |
Wall Street Analysts Price Targets
Heritage Commerce Corp
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
42.01%
HTBK Average Price Target
Wall Street Target
12.4 USD
46.75%
HTBK Highest Price Target
Wall Street Target
13 USD
53.85%
4. DIVIDEND
ANALYSIS
1.39%
DIVIDEND YIELD
0.13 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Heritage Commerce Corp
Sold
0-3 MONTHS
108 K USD 3
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
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
7. News
New Strong Buy Stocks for March 27th
HTBK, TAP, ASLE, EFSC and HSNGY have been added to the Zacks Rank #1 (Strong Buy) List on March 27, 2025.
zacks.com
- 3 weeks ago
Best Income Stocks to Buy for March 27th
HSNGY, HTBK and TAP made it to the Zacks Rank #1 (Strong Buy) income stocks list on March 27, 2025.
zacks.com
- 3 weeks ago
Heritage Commerce Corp and Heritage Bank of Commerce Announce Appointment of Janisha Sabnani as General Counsel
SAN JOSE, Calif., Feb. 03, 2025 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ: HTBK) (“Company”), parent company of Heritage Bank of Commerce (“Bank”), today announced the appointment of Janisha Sabnani as Executive Vice President and General Counsel of the Company and the Bank. As General Counsel, Ms. Sabnani will report directly to Chief Executive Officer (“CEO”) Robertson “Clay” Jones and will have primary responsibility for advising executive management, directors, and business unit executives on all legal and regulatory matters. With over fifteen years' experience in financial services and private practice, Ms. Sabnani brings a wealth of knowledge and expertise to our team.
globenewswire.com
- 2 months ago
Here's What Key Metrics Tell Us About Heritage Commerce (HTBK) Q4 Earnings
The headline numbers for Heritage Commerce (HTBK) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
zacks.com
- 2 months ago
Heritage Commerce (HTBK) Misses Q4 Earnings Estimates
Heritage Commerce (HTBK) came out with quarterly earnings of $0.17 per share, missing the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.22 per share a year ago.
zacks.com
- 2 months ago
Heritage Commerce Corp Declares Regular Quarterly Cash Dividend of $0.13 Per Share
SAN JOSE, Calif., Jan. 23, 2025 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (Nasdaq: HTBK), the holding company for Heritage Bank of Commerce, 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 February 20, 2025, to shareholders of record at the close of the business day on February 6, 2025. Heritage Commerce Corp has paid a cash dividend each quarter since 2013.
globenewswire.com
- 2 months ago
Heritage Commerce Corp Reports Robust Loan and Deposit Growth in 2024
SAN JOSE, Calif., Jan. 23, 2025 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (Nasdaq: HTBK), (the “Company”), the holding company for Heritage Bank of Commerce (the “Bank”), today announced that its fourth quarter 2024 net income was $10.6 million, or $0.17 per average diluted common share, compared to $10.5 million, or $0.17 per average diluted common share, for the third quarter of 2024, and $13.3 million, or $0.22 per average diluted common share, for the fourth quarter of 2023. For the year ended December 31, 2024, net income was $40.5 million, or $0.66 per average diluted common share, compared to $64.4 million, or $1.05 per average diluted common share, for the year ended December 31, 2023. All data are unaudited.
globenewswire.com
- 2 months ago
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
- 5 months 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
- 5 months 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
- 5 months 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
- 5 months 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
- 5 months ago
8. Profile
Summary
Heritage Commerce Corp HTBK
COUNTRY
US
INDUSTRY
Banks - Regional
MARKET CAP
$ 519 M
Dividend Yield
1.39%
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
345
Officers
Ms. Deborah K. Reuter
Executive Vice President, Chief Risk Officer & Corporate Secretary
Glen E. Shu
Executive Vice President & President of Specialty Finance Group
Mr. Michael V. Hansen
Senior Vice President of Corporate Finance Division
Ms. Janisha Sabnani
Executive Vice President & General Counsel
Ms. Suzanne Crocker
Senior Vice President of Marketing & Communications
Mr. Thomas A. Sa CPA
Executive Vice President, Interim Chief Financial Officer & Chief Operating Officer
Mr. Sachin Vaidya
Executive Vice President & Chief Information Officer
Ms. May K. Y. Wong
Executive Vice President & Controller
Mr. Jeffrey Perkins
Senior Vice President & Central Coast Regional Manager
Mr. Robertson Jones
President, Chief Executive Officer & Director