Last $8.10 USD
Change Today +0.01 / 0.12%
Volume 13.3K
HTBK On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

heritage commerce corp (HTBK) Snapshot

Open
$8.07
Previous Close
$8.09
Day High
$8.20
Day Low
$8.07
52 Week High
01/3/14 - $8.50
52 Week Low
09/3/13 - $6.75
Market Cap
213.6M
Average Volume 10 Days
31.7K
EPS TTM
$0.39
Shares Outstanding
26.4M
EX-Date
05/5/14
P/E TM
20.8x
Dividend
$0.16
Dividend Yield
1.98%
Current Stock Chart for HERITAGE COMMERCE CORP (HTBK)

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heritage commerce corp (HTBK) Details

Heritage Commerce Corp operates as a 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; small business administration loans; commercial real estate loans; commercial construction loans for rental properties, commercial buildings, and homes; home equity line loans; and consumer loans consisting of loans for financing automobiles, various consumer goods, and other personal purposes. In addition, it offers other banking services, including cashier's checks, bank-by-mail, ATM, 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 operating 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.

195 Employees
Last Reported Date: 05/8/14
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
Chief Administrative Officer and Executive Vi...
Total Annual Compensation: $252.8K
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 and Heritage Bank of Commerce Announces Resignation of Dan Kawamoto as Chief Administrative Officer, Effective July 24, 2014

Heritage Commerce Corp. announced that Dan Kawamoto, Chief Administrative Officer, will be leaving the company and its bank subsidiary, Heritage Bank of Commerce effective July 24, 2014.

Heritage Commerce Corp. Presents at D.A. Davidson 16th Annual Financial Services Conference, May-13-2014 01:50 PM

Heritage Commerce Corp. Presents at D.A. Davidson 16th Annual Financial Services Conference, May-13-2014 01:50 PM. Venue: Embassy Suites Denver, Downtown/Convention Center, Denver, CO 80202, United States. Speakers: Walter T. Kaczmarek, Chief Executive Officer, President, Director, Member of Finance & Investment Committee, Member of Strategic Issues Committee, Chief Executive Officer for Heritage Bank of Commerce, President for Heritage Bank of Commerce and Director for Heritage Bank of Commerce.

Heritage Commerce Corp. Announces Unaudited Consolidated Financial Results for the First Quarter Ended March 31, 2014; Reports Net Charge-Offs for the First Quarter of 2014

Heritage Commerce Corp. announced unaudited consolidated financial results for the first quarter ended March 31, 2014. For the quarter, the company reported interest income of $13,855,000 against $12,867,000 a year ago. Income before income taxes was $4,627,000 against $3,035,000 a year ago. Net income available to common shareholders was $2,852,000 or $0.10 per basic and diluted share against $2,180,000 or $0.07 per basic and diluted share a year ago. Book value per share as on March 31, 2014 was $5.96 against $5.75 a year ago. Tangible book value per share as on March 31, 2014 was $5.91 against $5.67 a year ago. Annualized return on average equity was 7.10% against 5.20% a year ago. Annualized return on average tangible equity was 7.16% against 5.26% a year ago. Annualized return on average assets was 0.86% against 0.89% a year ago. Annualized return on average tangible assets was 0.86% against 0.61% a year ago. Net interest income increased 10% to $13.3 million compared to $12.2 million for the first quarter of 2013 driven primarily by loan growth and increases in core deposits. The company also announced impairment charges for the first quarter of 2014. For the period, net charge-offs totaled $337,000 compared to net charge-offs of $166,000 for the fourth quarter of 2013.

 

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Industry Analysis

HTBK

Industry Average

Valuation HTBK Industry Range
Price/Earnings 20.9x
Price/Sales 3.6x
Price/Book 1.4x
Price/Cash Flow 17.2x
TEV/Sales 1.8x
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