Last $8.81 USD
Change Today +0.01 / 0.11%
Volume 77.9K
As of 8:10 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

heritage commerce corp (HTBK) Snapshot

Open
$8.76
Previous Close
$8.80
Day High
$8.82
Day Low
$8.72
52 Week High
11/13/14 - $8.94
52 Week Low
05/9/14 - $7.65
Market Cap
232.8M
Average Volume 10 Days
29.1K
EPS TTM
$0.42
Shares Outstanding
26.4M
EX-Date
11/4/14
P/E TM
21.2x
Dividend
$0.20
Dividend Yield
2.12%
Current Stock Chart for HERITAGE COMMERCE CORP (HTBK)

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heritage commerce corp (HTBK) Details

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. It offers a range of deposit products for retail and business banking markets, including checking accounts, interest-bearing transaction accounts, savings accounts, time deposits, and retirement accounts. The company also provides various loan products comprising 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; home equity lines of credit; consumer loans consisting of loans for financing automobiles, various consumer goods, and other personal purposes; and small business administration loans. In addition, it offers other banking services, including cashier's checks, traveler's checks, bank-by-mail, ATMs, night depositories, safe deposit boxes, direct deposit, automated payroll, electronic funds transfer, online banking, online bill pay, remote deposit capture, automated clearing house origination, electronic data interchange, and check imaging services. The company provides its banking products and services through 10 full service branch offices in the southern and eastern regions of the general San Francisco Bay Area of California in the counties of Santa Clara, Alameda, and Contra Costa. Heritage Commerce Corp was founded in 1993 and is based in San Jose, California.

200 Employees
Last Reported Date: 11/6/14
Founded in 1993

heritage commerce corp (HTBK) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $360.4K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $251.7K
Chief Credit Officer, Executive Vice Presiden...
Total Annual Compensation: $253.8K
Executive Vice President of Banking Division
Total Annual Compensation: $235.8K
Compensation as of Fiscal Year 2013.

heritage commerce corp (HTBK) Key Developments

Heritage Commerce Corp. Declares Quarterly Cash Dividend and Series C Preferred Stock, Payable on November 24, 2014

Heritage Commerce Corp. announced that its Board of Directors declared a quarterly cash dividend of $0.05 per share to holders of common stock and Series C Preferred Stock (on an as converted basis). The dividend will be payable on November 24, 2014, to shareholders of record on November 6, 2014.

Heritage Commerce Corp. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Reports Net Charge-Offs for the Third Quarter of 2014

Heritage Commerce Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net income of $3.4 million, or $0.11 per average diluted common share compared to $3.2 million or $0.10 per average diluted common share for the third quarter of 2013. Driven primarily by loan growth and increases in core deposits, net interest income increased 9% to $14.0 million compared to $12.8 million for the third quarter of 2013. Income before income taxes was $5,747,000 against $4,723,000 for the same period in the last year. Book value per share as at September 30, 2014 was $6.20 against $5.73 as at September 30, 2013. Tangible book value per share as at September 30, 2014 was $6.15 against $5.67 as at September 30, 2013. Annualized return on average equity was 7.46% against 7.58% a year ago. Annualized return on average tangible equity was 7.51% against 7.65% a year ago. Annualized return on average assets was 0.88% against 0.90% a year ago. Annualized return on average tangible assets was 0.88% against 0.90% a year ago. Interest income was $14.5 million compared to $13.5 million in last year. For the nine months, net income increased 20% to $9.8 million, or $0.31 per average diluted common share, from $8.2 million, or $0.26 per average diluted common share, for the nine months ended September 30, 2013. Net interest income increased 10% to $41.0 million compared to $37.1 million for the nine months ended September 30, 2013. Income before income taxes was $15,370,000 against $11,707,000 for the same period in the last year. Annualized return on average equity was 7.34% against 6.44% a year ago. Annualized return on average tangible equity was 7.40% against 6.51% a year ago. Annualized return on average assets was 0.88% against 0.78% a year ago. Annualized return on average tangible assets was 0.88% against 0.78% a year ago. Interest income was $42.5 million compared to $39.2 million in last year. The company reported net charge-offs of $27,000 for the third quarter of 2014, compared to net recoveries of $534,000 for the third quarter of 2013.

Heritage Commerce Corp. Announces the Resignation of Celeste Ford as A Board of Director Effective August 1, 2014

On July 24, 2014, the Board of Directors of Heritage Commerce Corp. accepted Celeste Ford’s resignation from the Board of Directors to be effective August 1, 2014.

 

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HTBK Competitors

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Heritage Oaks Bancorp $7.79 USD 0.00
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Industry Analysis

HTBK

Industry Average

Valuation HTBK Industry Range
Price/Earnings 21.5x
Price/Sales 3.7x
Price/Book 1.4x
Price/Cash Flow 17.7x
TEV/Sales 1.0x
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