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Heritage Commerce Corp HTBK

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Price alert · HTBK

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13.45 USD 0.00 0.00%

At close · Apr 17

13.51 +0.06 +0.45%

After hours · Apr 17, 4:00 PM ET

Bid
13.43 × 2
Ask
13.44 × 2
13.21 Day range 13.74
7.66 52-week range 11.27
YTD
+11.99%
1 year
+54.60%
Open
13.22
Prev close
13.45
Mkt cap
583.61M
Vol
3.20M
Avg vol
335.21K
EPS
0.71
P/E
13.41
Div yield
5.42%
More statistics
Low
13.21
High
13.74
Forward P/E
13.60
Beta
0.91
Short ratio
2.55
Inst. own
78.19%
Dividend
0.52
Ex-div date
Nov 6, 2024
Earnings
Jan 23, 2025
50-d avg
10.22
200-d avg
9.25
1y target
11.75

2Y chart

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Key statistics

Market cap
583.61M
Enterprise value
-296.88M
Trailing P/E
13.41
Forward P/E
13.60
PEG ratio
0.00
Price / sales
3.45
Price / book
0.85
EPS (TTM)
0.71
Beta
0.91
Dividend yield
5.42%
Payout ratio
73.24%
Profit margin
25.56%
Revenue (TTM)
169.17M
Revenue growth
-11.40%
Free cash flow
0
Total cash
956.31M
Total debt
71.53M
Return on equity
6.42%
Shares outstanding
61.30M
Short % of float
1.87%
50-day average
10.22
200-day average
9.25

Analyst view

Consensus: buy

Buy
Price target (mean) 11.75 -12.6% downside
Target (low)
11.00
Target (mean)
11.75
Target (high)
12.50
Ratings (0m) 6 5 buy · 1 hold · 0 sell
  • Strong buy3
  • Buy2
  • Hold1
  • Sell0
  • Strong sell0

Next earnings

Jan 23, 2025

Expected Jan 23, 2025. Consensus EPS estimate 0.17167.

Earnings history

Financials — quick view

All financials
HTBK Revenue — quarterly 53.01M
2022-Q1 20222022-Q2 20222022-Q3 20222022-Q4 20222023-Q1 20232023-Q2 20232023-Q3 20232023-Q4 20232024-Q1 20242024-Q2 20242024-Q3 20242024-Q4 20242025-Q1 20252025-Q2 20252025-Q3 20252025-Q4 2025
HTBK Net income — quarterly 15.12M
2022-Q1 20222022-Q2 20222022-Q3 20222022-Q4 20222023-Q1 20232023-Q2 20232023-Q3 20232023-Q4 20232024-Q1 20242024-Q2 20242024-Q3 20242024-Q4 20242025-Q1 20252025-Q2 20252025-Q3 20252025-Q4 2025
HTBK EPS — quarterly 0.25
2022-Q1 20222022-Q2 20222022-Q3 20222022-Q4 20222023-Q1 20232023-Q2 20232023-Q3 20232023-Q4 20232024-Q1 20242024-Q2 20242024-Q3 20242024-Q4 20242025-Q1 20252025-Q2 20252025-Q3 20252025-Q4 2025

Earnings

HTBK recent earnings
Report dateQuarter endingEPS estimateEPS reportedSurpriseSurprise %
Jan 23, 2025Dec 1, 20240.18———
Oct 24, 2024Sep 1, 20240.170.170.000.00%
Jul 25, 2024Jun 1, 20240.190.15-0.04-21.05%
Apr 25, 2024Mar 1, 20240.190.17-0.02-10.53%
Jan 25, 2024Dec 1, 20230.240.22-0.02-8.33%
Oct 26, 2023Sep 1, 20230.260.260.000.00%

Upgrades / downgrades

HTBK analyst upgrades and downgrades
DateFirmActionFromTo
Jul 26, 2024Piper SandlermainOverweightOverweight
Jul 26, 2024Keefe, Bruyette & WoodsmainOutperformOutperform
Apr 26, 2024Piper SandlermainOverweightOverweight
Jan 26, 2024Piper SandlermainOverweightOverweight
Jan 26, 2024Keefe, Bruyette & WoodsmainOutperformOutperform
Jan 5, 2024Raymond JamesmainOutperformOutperform

About Heritage Commerce Corp

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.

Sector
Financial Services
Industry
Banks - Regional
Country
United States

News

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Insider holders

HTBK insider holders
InsiderRelationLatest transactionDateShares held
CABRAL BRUCE HDirectorConversion of Exercise of derivative securityNov 25, 2024124,202
CONNER JACK WDirectorStock Award(Grant)Mar 7, 2024165,876
DINAPOLI JASON PHILIPDirectorStock Award(Grant)Mar 7, 2024392,612
HUSAIN KAMRAN FDirectorStock Award(Grant)Mar 7, 202419,072
JONES ROBERTSON CLAY JRChief Executive OfficerConversion of Exercise of derivative securityNov 25, 2024245,439
MCGOVERN LAWRENCE DChief Financial OfficerStock Award(Grant)May 1, 2024139,689

Institution ownership

HTBK institution ownership
Holder% heldSharesValueReported
Blackrock Inc.13.43%8,230,84478.36MSep 29, 2024
FJ Capital Management LLC5.93%3,635,57034.61MSep 29, 2024
Vanguard Group Inc5.59%3,427,21532.63MSep 29, 2024
Dimensional Fund Advisors LP5.32%3,262,54431.06MSep 29, 2024
JP Morgan Chase & Company3.77%2,313,03522.02MSep 29, 2024
Wellington Management Group, LLP3.32%2,033,71519.36MSep 29, 2024

Fund ownership

HTBK fund ownership
Holder% heldSharesValueReported
Vanguard Total Stock Market Index Fund3.00%1,838,76117.51MSep 29, 2024
iShares Russell 2000 ETF2.98%1,824,47717.37MOct 30, 2024
Vanguard Extended Market Index Fund1.63%999,9629.52MSep 29, 2024
Avantis U.S. Small Cap Value ETF1.48%905,7288.62MSep 29, 2024
John Hancock Regional Bank Fund (Investors Tr)1.10%675,8676.43MOct 30, 2024
BlackRock Advantage Small Cap Core Fund1.09%667,3856.35MAug 30, 2024
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