Shares Outstanding Shares Outstanding n/a Close	61.6M
Shares Change (YoY) Shares Change (YoY) n/a Close	0.31%
Shares Change (QoQ) Shares Change (QoQ) n/a Close	0.23%
Owned by Institutions (%) Owned by Institutions (%) n/a Close	76.47%
Shares Floating Shares Floating n/a Close	59.06M
Failed to Deliver (FTD) Shares Failed to Deliver (FTD) Shares n/a Close	39
FTD / Avg. Volume FTD / Avg. Volume n/a Close	0.01%

Short Selling Information

The latest short interest is 972.37K, so 1.58% of the outstanding shares have been sold short.

Short Interest Short Interest n/a Close	972.37K
Short % of Shares Out Short % of Shares Out n/a Close	1.58%
Short % of Float Short % of Float n/a Close	1.62%
Short Ratio (days to cover) Short Ratio (days to cover) n/a Close	3.38

Valuation Ratios

The PE ratio is 14.18 and the forward PE ratio is 11.06. Heritage Commerce Corp's PEG ratio is -0.38.

PE Ratio PE Ratio n/a Close	14.18
Forward PE Forward PE n/a Close	11.06
PS Ratio PS Ratio n/a Close	2.29
Forward PS Forward PS n/a Close	3
PB Ratio PB Ratio n/a Close	0.83
P/FCF Ratio P/FCF Ratio n/a Close	15.39
PEG Ratio PEG Ratio n/a Close	-0.38

Financial Ratio History

Enterprise Valuation

Heritage Commerce Corp has an Enterprise Value (EV) of -353.75M.

EV / Sales EV / Sales n/a Close	-1.41
EV / EBITDA EV / EBITDA n/a Close	-5.88
EV / EBIT EV / EBIT n/a Close	-9.08
EV / FCF EV / FCF n/a Close	-9.47

Financial Position

The company has a current ratio of 0.25, with a Debt / Equity ratio of 0.06.

Current Ratio Current Ratio n/a Close	0.25
Quick Ratio Quick Ratio n/a Close	0.25
Debt / Equity Debt / Equity n/a Close	0.06
Debt / EBITDA Debt / EBITDA n/a Close	0.66
Debt / FCF Debt / FCF n/a Close	1.06
Interest Coverage Interest Coverage n/a Close	0.72

Financial Efficiency

Return on Equity is 5.88% and Return on Invested Capital is 4.91%.

Return on Equity Return on Equity n/a Close	5.88%
Return on Assets Return on Assets n/a Close	0.72%
Return on Invested Capital Return on Invested Capital n/a Close	4.91%
Revenue Per Employee Revenue Per Employee n/a Close	$718,420
Profits Per Employee Profits Per Employee n/a Close	$115,794.29
Employee Count Employee Count n/a Close	350
Asset Turnover Asset Turnover n/a Close	0.04
Inventory Turnover Inventory Turnover n/a Close	n/a

Taxes

Income Tax Income Tax n/a Close	16.15M
Effective Tax Rate Effective Tax Rate n/a Close	28.49%

Stock Price Statistics

The stock price has increased by 18.88% in the last 52 weeks. The beta is 0.77, so Heritage Commerce Corp's price volatility has been higher than the market average.

Beta Beta n/a Close	0.77
52-Week Price Change 52-Week Price Change n/a Close	18.88%
50-Day Moving Average 50-Day Moving Average n/a Close	9.24
200-Day Moving Average 200-Day Moving Average n/a Close	9.7
Relative Strength Index (RSI) Relative Strength Index (RSI) n/a Close	62.92
Average Volume (20 Days) Average Volume (20 Days) n/a Close	337,080

Income Statement

In the last 12 months, Heritage Commerce Corp had revenue of 251.45M and earned 40.53M in profits. Earnings per share was 0.66.

Revenue Revenue n/a Close	251.45M
Gross Profit Gross Profit n/a Close	170.26M
Operating Income Operating Income n/a Close	56.67M
Net Income Net Income n/a Close	40.53M
EBITDA EBITDA n/a Close	60.2M
EBIT EBIT n/a Close	56.67M
Earnings Per Share (EPS) Earnings Per Share (EPS) n/a Close	0.66

Full Income Statement

Balance Sheet

The company has 968.12M in cash and 39.65M in debt, giving a net cash position of 928.47M.

Cash & Cash Equivalents Cash & Cash Equivalents n/a Close	968.12M
Total Debt Total Debt n/a Close	39.65M
Net Cash Net Cash n/a Close	928.47M
Retained Earnings Retained Earnings n/a Close	187.76M
Total Assets Total Assets n/a Close	5.51B
Working Capital Working Capital n/a Close	-3.57B

Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was 38.97M and capital expenditures -1.62M, giving a free cash flow of 37.35M.

Operating Cash Flow Operating Cash Flow n/a Close	38.97M
Capital Expenditures Capital Expenditures n/a Close	-1.62M
Free Cash Flow Free Cash Flow n/a Close	37.35M
FCF Per Share FCF Per Share n/a Close	0.61

Full Cash Flow Statement

Margins

Gross margin is 67.71%, with operating and profit margins of 22.54% and 16.12%.

Gross Margin Gross Margin n/a Close	67.71%
Operating Margin Operating Margin n/a Close	22.54%
Pretax Margin Pretax Margin n/a Close	22.54%
Profit Margin Profit Margin n/a Close	16.12%
EBITDA Margin EBITDA Margin n/a Close	23.94%
EBIT Margin EBIT Margin n/a Close	22.54%
FCF Margin FCF Margin n/a Close	14.85%

Dividends & Yields

HTBK pays an annual dividend of $0.65, which amounts to a dividend yield of 5.59%.

Dividend Per Share Dividend Per Share n/a Close	$0.65
Dividend Yield Dividend Yield n/a Close	5.59%
Dividend Growth (YoY) Dividend Growth (YoY) n/a Close	0%
Payout Ratio Payout Ratio n/a Close	95.59%
Earnings Yield Earnings Yield n/a Close	7.05%
FCF Yield FCF Yield n/a Close	6.5%

Dividend Details

Analyst Forecast

The average price target for HTBK is $11, which is 12.7% higher than the current price. The consensus rating is "Buy".

Price Target Price Target n/a Close	$11
Price Target Difference Price Target Difference n/a Close	12.7%
Analyst Consensus Analyst Consensus n/a Close	Buy
Analyst Count Analyst Count n/a Close	3

Stock Forecasts

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value Lynch Fair Value n/a Close	$3.3
Lynch Upside Lynch Upside n/a Close	-66.19%
Graham Number Graham Number n/a Close	12.94
Graham Upside Graham Upside n/a Close	32.58%

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 Last Split Date n/a Close	Feb 3, 2000
Split Type Split Type n/a Close	forward
Split Ratio Split Ratio n/a Close	11:10

Scores

Altman Z-Score Altman Z-Score n/a Close	-0.57
Piotroski F-Score Piotroski F-Score n/a Close	7