Heritage Commerce Corp

8.71
-0.77 (-8.12%)
At close: Apr 03, 2025, 3:59 PM
8.75
0.36%
After-hours: Apr 03, 2025, 04:25 PM EDT

Heritage Commerce Corp Statistics

Share Statistics

Heritage Commerce Corp has 61.44M shares outstanding. The number of shares has increased by 0.31% in one year.

Shares Outstanding 61.44M
Shares Change (YoY) 0.31%
Shares Change (QoQ) 0.23%
Owned by Institutions (%) 76.36%
Shares Floating 58.94M
Failed to Deliver (FTD) Shares 536
FTD / Avg. Volume 0.14%

Short Selling Information

The latest short interest is 853.11K, so 1.39% of the outstanding shares have been sold short.

Short Interest 853.11K
Short % of Shares Out 1.39%
Short % of Float 1.45%
Short Ratio (days to cover) 2.77

Valuation Ratios

The PE ratio is 14.18 and the forward PE ratio is 11.01. Heritage Commerce Corp's PEG ratio is -0.38.

PE Ratio 14.18
Forward PE 11.01
PS Ratio 3.38
Forward PS 2.9
PB Ratio 0.83
P/FCF Ratio 15.39
PEG Ratio -0.38
Financial Ratio History

Enterprise Valuation

Heritage Commerce Corp has an Enterprise Value (EV) of 584.51M.

EV / Sales 3.43
EV / EBITDA 0
EV / EBIT 15
EV / FCF 15.65

Financial Position

The company has a current ratio of 0.31, with a Debt / Equity ratio of 0.06.

Current Ratio 0.31
Quick Ratio 0.31
Debt / Equity 0.06
Debt / EBITDA -
Debt / FCF 1.06
Interest Coverage 0

Financial Efficiency

Return on Equity is 5.88% and Return on Invested Capital is 1.17%.

Return on Equity 5.88%
Return on Assets 0.72%
Return on Invested Capital 1.17%
Revenue Per Employee $493.5K
Profits Per Employee $117.47K
Employee Count 345
Asset Turnover 0.03
Inventory Turnover n/a

Taxes

Income Tax 16.15M
Effective Tax Rate 28.49%

Stock Price Statistics

The stock price has increased by 14.91% in the last 52 weeks. The beta is 0.9, so Heritage Commerce Corp's price volatility has been higher than the market average.

Beta 0.9
52-Week Price Change 14.91%
50-Day Moving Average 9.95
200-Day Moving Average 9.78
Relative Strength Index (RSI) 38.67
Average Volume (20 Days) 380.04K

Income Statement

In the last 12 months, Heritage Commerce Corp had revenue of 170.26M and earned 40.53M in profits. Earnings per share was 0.66.

Revenue 170.26M
Gross Profit 170.26M
Operating Income 90.66M
Net Income 40.53M
EBITDA 0
EBIT 135.72K
Earnings Per Share (EPS) 0.66
Full Income Statement

Balance Sheet

The company has 29.86M in cash and 39.65M in debt, giving a net cash position of -9.79M.

Cash & Cash Equivalents 29.86M
Total Debt 39.65M
Net Cash -9.79M
Retained Earnings 187.76M
Total Assets 5.65B
Working Capital 286.14K
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was 38.97M and capital expenditures 0, giving a free cash flow of 37.35M.

Operating Cash Flow 38.97M
Capital Expenditures 0
Free Cash Flow 37.35M
FCF Per Share 0.61
Full Cash Flow Statement

Margins

Gross margin is 100%, with operating and profit margins of 53.25% and 23.8%.

Gross Margin 100%
Operating Margin 53.25%
Pretax Margin 33.29%
Profit Margin 23.8%
EBITDA Margin n/a
EBIT Margin 53.25%
FCF Margin 21.94%

Dividends & Yields

HTBK pays an annual dividend of $0.65, which amounts to a dividend yield of 5.09%.

Dividend Per Share $0.65
Dividend Yield 5.09%
Dividend Growth (YoY) 0%
Payout Ratio 98.48%
Earnings Yield 7.05%
FCF Yield 6.5%
Dividend Details

Analyst Forecast

The average price target for HTBK is $11.5, which is 21.3% higher than the current price. The consensus rating is "Buy".

Price Target $11.5
Price Target Difference 21.3%
Analyst Consensus Buy
Analyst Count 3
Stock Forecasts

Stock Splits

The last stock split was on Feb 3, 2000. It was a forward split with a ratio of 11:10.

Last Split Date Feb 3, 2000
Split Type forward
Split Ratio 11:10

Scores

Altman Z-Score 0.15
Piotroski F-Score 4