Stock HTBK HERITAGE COMMERCE CORP
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Financials Heritage Commerce Corp

Equities

HTBK

US4269271098

Banks

Market Closed - Nasdaq
Other stock markets
 21:00:00 02/05/2024 BST 		5-day change 1st Jan Change
8.21 USD +0.98% Intraday chart for Heritage Commerce Corp -1.79% -17.24%
04-26 Sector Update: Financial Stocks Mixed Late Afternoon MT
04-26 Heritage Commerce Shares Down After Q1 Earnings, Revenue Fall MT

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 759.5 531.4 719.6 789.3 606.1 502.2 -
Enterprise Value (EV) 1 759.5 531.4 719.6 789.3 606.1 502.2 502.2
P/E ratio 15.3 x 15 x 15.1 x 11.9 x 9.45 x 11.2 x 10.2 x
Yield 3.74% 5.86% 4.36% 4% 5.24% 6.33% 6.33%
Capitalization / Revenue 5.35 x 3.5 x 4.62 x 4.15 x 3.15 x 2.88 x 2.72 x
EV / Revenue 5.35 x 3.5 x 4.62 x 4.15 x 3.15 x 2.88 x 2.72 x
EV / EBITDA - - - - - - -
EV / FCF - - - - - - -
FCF Yield - - - - - - -
Price to Book 1.32 x 0.92 x 1.2 x 1.25 x 0.93 x 0.73 x 0.72 x
Nbr of stocks (in thousands) 59,200 59,915 60,270 60,719 61,099 61,169 -
Reference price 2 12.83 8.870 11.94 13.00 9.920 8.210 8.210
Announcement Date 24/01/20 28/01/21 27/01/22 26/01/23 26/01/24 - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 142.1 151.8 155.8 190 192.2 174.3 184.8
EBITDA - - - - - - -
EBIT 1 68.24 62.3 66.76 95.13 91.17 63.93 71
Operating Margin 48.04% 41.04% 42.85% 50.07% 47.43% 36.68% 38.41%
Earnings before Tax (EBT) 1 56.31 49.07 65.87 94.37 90.42 63.17 69.59
Net income 1 40.46 35.3 47.7 66.56 64.44 45.01 49.73
Net margin 28.48% 23.25% 30.61% 35.03% 33.53% 25.82% 26.91%
EPS 2 0.8400 0.5900 0.7900 1.090 1.050 0.7300 0.8083
Free Cash Flow - - - - - - -
FCF margin - - - - - - -
FCF Conversion (EBITDA) - - - - - - -
FCF Conversion (Net income) - - - - - - -
Dividend per Share 2 0.4800 0.5200 0.5200 0.5200 0.5200 0.5200 0.5200
Announcement Date 24/01/20 28/01/21 27/01/22 26/01/23 26/01/24 - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 40.59 40.92 40.68 43.98 50.82 54.51 52.02 48.37 47.59 44.24 42.14 43.02 44.29 44.77 44.38
EBITDA - - - - - - - - - - - - - - -
EBIT 1 - 18.69 17.43 20.79 26.92 29.99 26.62 23.38 22.42 18.75 14.6 15.62 16.66 16.98 15.71
Operating Margin - 45.68% 42.84% 47.27% 52.98% 55.02% 51.17% 48.33% 47.11% 42.38% 34.66% 36.3% 37.61% 37.93% 35.39%
Earnings before Tax (EBT) 1 19.27 19.31 18 20.97 25.92 29.48 26.59 23.12 22.25 18.46 14.42 15.46 16.51 16.78 15.45
Net income 1 13.72 13.96 12.87 14.82 18.07 20.8 18.92 16.4 15.8 13.33 10.17 11.04 11.81 11.99 11.07
Net margin 33.8% 34.13% 31.63% 33.7% 35.55% 38.16% 36.36% 33.91% 33.19% 30.12% 24.12% 25.66% 26.66% 26.79% 24.94%
EPS 2 0.2300 0.2300 0.2100 0.2400 0.3000 0.3400 0.3100 0.2700 0.2600 0.2200 0.1700 0.1800 0.1933 0.1933 0.1800
Dividend per Share 2 0.1300 0.1300 0.1300 0.1300 0.1300 0.1300 0.1300 0.1300 0.1300 0.1300 0.1300 0.1300 0.1300 0.1300 0.1300
Announcement Date 28/10/21 27/01/22 28/04/22 28/07/22 27/10/22 26/01/23 27/04/23 27/07/23 26/10/23 26/01/24 25/04/24 - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt - - - - - - -
Net Cash position - - - - - - -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow - - - - - - -
ROE (net income / shareholders' equity) 9.51% 6.12% 8.15% 11% 9.88% 6.62% 7.13%
ROA (Net income/ Total Assets) 1.21% 0.8% 0.92% 1.23% 1.21% 0.85% 0.91%
Assets 1 3,344 4,412 5,185 5,411 5,326 5,285 5,465
Book Value Per Share 2 9.710 9.640 9.910 10.40 10.60 11.20 11.50
Cash Flow per Share - - - - - - -
Capex - - - - - - -
Capex / Sales - - - - - - -
Announcement Date 24/01/20 28/01/21 27/01/22 26/01/23 26/01/24 - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Heritage Commerce Corp

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
6
Last Close Price
8.21 USD
Average target price
10.33 USD
Spread / Average Target
+25.86%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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Commercial Banks
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  4. Financials Heritage Commerce Corp