Last $8.68 USD
Change Today -0.04 / -0.46%
Volume 11.3K
As of 8:10 PM 01/26/15 All times are local (Market data is delayed by at least 15 minutes).

heritage commerce corp (HTBK) Snapshot

Open
$8.78
Previous Close
$8.72
Day High
$8.78
Day Low
$8.53
52 Week High
12/29/14 - $9.00
52 Week Low
05/9/14 - $7.65
Market Cap
229.3M
Average Volume 10 Days
13.9K
EPS TTM
$0.44
Shares Outstanding
26.4M
EX-Date
02/6/15
P/E TM
19.7x
Dividend
$0.32
Dividend Yield
2.15%
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.

242 Employees
Last Reported Date: 01/23/15
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 Declares Quarterly Cash Dividends for Common and Preferred Stocks, Payable on February 25

Heritage Commerce the quarterly cash dividend 60% to $0.08 per share, from $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 February 25 to shareholders of record on February 10.

Heritage Commerce Corp. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended Dec. 31, 2014; Reports Net Charge-Offs for the Fourth Quarter Ended Dec. 31, 2014

Heritage Commerce Corp. reported unaudited consolidated earnings results for the quarter and year ended Dec. 31, 2014. For the quarter, the company reported interest income of $16.717 million compared to $13.623 million a year ago. Net interest income after provision for loan losses was $16.198 million compared to $13.061 million a year ago. Income before income taxes was $5.595 million compared to $5.108 million a year ago. Net income available to common shareholders was $3.322 million or $0.11 per diluted share compared to $3.186 million or $0.10 per diluted share a year ago. Annualized return on average equity was 7.72% compared to 7.74% a year ago. Annualized return on average tangible equity was 8.20% compared to 7.81% a year ago. Annualized return on average assets was 0.88% compared to 0.89% a year ago. Annualized return on average tangible assets was 0.89% compared to 0.89% a year ago. For the year, the company reported interest income of $59.256 million compared to $52.786 million a year ago. Net interest income after provision for loan losses was $57.441 million compared to $51.002 million a year ago. Income before income taxes was $20.965 million compared to $17.746 million a year ago. Net income available to common shareholders was $12.419 million or $0.42 per diluted share compared to $11.204 million or $0.36 per diluted share a year ago. Book value per share was $6.22 compared to $5.84 a year ago. Tangible book value per share was $5.60 compared to $5.78 a year ago. Annualized return on average equity was 7.44% compared to 6.77% a year ago. Annualized return on average tangible equity was 7.60% compared to 6.84% a year ago. Annualized return on average assets was 0.88% compared to 0.81% a year ago. Annualized return on average tangible assets was 0.88% compared to 0.81% a year ago. Net charge-offs totaled $56,000 for the fourth quarter of 2014, compared to net charge-offs of $166,000 for the fourth quarter of 2013.

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.

 

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HTBK Competitors

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Company Last Change
CU Bancorp $21.14 USD +0.40
Heritage Oaks Bancorp $8.07 USD -0.08
Pacific Continental Corp $13.18 USD +0.14
Pacific Premier Bancorp Inc $15.83 USD +0.05
Sierra Bancorp $16.39 USD +0.09
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Industry Analysis

HTBK

Industry Average

Valuation HTBK Industry Range
Price/Earnings 20.9x
Price/Sales 3.5x
Price/Book 1.4x
Price/Cash Flow 17.2x
TEV/Sales 1.4x
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