Heritage Commerce Corp (HTBK)
Heritage Commerce Corp Statistics
Share Statistics
Heritage Commerce Corp has 61.61M shares outstanding. The number of shares has increased by 0.31% in one year.
| Shares Outstanding | 61.61M |
| Shares Change (YoY) | 0.31% |
| Shares Change (QoQ) | 0.23% |
| Owned by Institutions (%) | 76.38% |
| Shares Floating | 59.1M |
| Failed to Deliver (FTD) Shares | 536 |
| FTD / Avg. Volume | 0.14% |
Short Selling Information
The latest short interest is 1.18M, so 1.92% of the outstanding shares have been sold short.
| Short Interest | 1.18M |
| Short % of Shares Out | 1.92% |
| Short % of Float | 1.97% |
| Short Ratio (days to cover) | 4.47 |
Valuation Ratios
The PE ratio is 14.18 and the forward PE ratio is 10.31. Heritage Commerce Corp's PEG ratio is -0.38.
| PE Ratio | 14.18 |
| Forward PE | 10.31 |
| PS Ratio | 3.38 |
| Forward PS | 2.8 |
| PB Ratio | 0.83 |
| P/FCF Ratio | 15.39 |
| PEG Ratio | -0.38 |
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 11.61% in the last 52 weeks. The beta is 0.79, so Heritage Commerce Corp's price volatility has been higher than the market average.
| Beta | 0.79 |
| 52-Week Price Change | 11.61% |
| 50-Day Moving Average | 9.59 |
| 200-Day Moving Average | 9.81 |
| Relative Strength Index (RSI) | 52.19 |
| Average Volume (20 Days) | 384.56K |
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 |
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 |
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 |
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% |
Analyst Forecast
The average price target for HTBK is $11.5, which is 26% higher than the current price. The consensus rating is "Buy".
| Price Target | $11.5 |
| Price Target Difference | 26% |
| Analyst Consensus | Buy |
| Analyst Count | 3 |
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 | 0.14 |
| Piotroski F-Score | 4 |