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Last $9.11 USD
Change Today +0.02 / 0.22%
Volume 668.0
HTBK On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 9:30 AM 05/28/15 All times are local (Market data is delayed by at least 15 minutes).

heritage commerce corp (HTBK) Snapshot

Open
$9.11
Previous Close
$9.09
Day High
$9.11
Day Low
$9.11
52 Week High
04/28/15 - $9.39
52 Week Low
06/17/14 - $7.75
Market Cap
241.6M
Average Volume 10 Days
23.9K
EPS TTM
$0.47
Shares Outstanding
26.5M
EX-Date
05/12/15
P/E TM
19.2x
Dividend
$0.32
Dividend Yield
2.86%
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.

251 Employees
Last Reported Date: 05/8/15
Founded in 1993

heritage commerce corp (HTBK) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $368.5K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $260.8K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $243.0K
Chief Credit Officer, Executive Vice Presiden...
Total Annual Compensation: $260.7K
Executive Vice President of Banking Division
Total Annual Compensation: $244.8K
Compensation as of Fiscal Year 2014.

heritage commerce corp (HTBK) Key Developments

Heritage Commerce Corp. Announces Unaudited Consolidated Financial Results for the First Quarter Ended March 31, 2015

Heritage Commerce Corp. announced unaudited consolidated financial results for the first quarter ended March 31, 2015. For the quarter, the company reported interest income of $17,366,000 against $13,855,000 a year ago. Income before income taxes was $6,568,000 against $4,815,000 a year ago. Net income available to common shareholders was $3,690,000 or $0.13 per basic and diluted share against $2,852,000 or $0.10 per basic and diluted share a year ago. Book value per share as on March 31, 2015 was $6.31 against $5.96 a year ago. Tangible book value per share as on March 31, 2015 was $5.70 against $5.91 a year ago. Annualized return on average equity was 9.04% against 7.10% a year ago. Annualized return on average tangible equity was 9.89% against 7.16% a year ago. Annualized return on average assets was 1.03% against 0.86% a year ago. Annualized return on average tangible assets was 1.04% against 0.86% a year ago. As a result of growth in the loan portfolio, contribution to revenue from a full quarter of operations from Bay View Funding, and increases in core deposits, net interest income increased 26% for the first quarter of 2015.

Focus Business Bank, Heritage Bank of Commerce, Heritage Commerce Corp. - M&A Call

To discuss Heritage Commerce Corp. acquisition of Focus Business Bank by merging Focus Business Bank with and into Heritage Bank of Commerce

Heritage Commerce Corp Declares Quarterly Cash Dividend on Common Stock and Series C Preferred Stock, Payable on May 28, 2015

Heritage Commerce Corp. announced that its Board of Directors declared a quarterly cash dividend of $0.08 per share to holders of common stock and Series C Preferred Stock (on an as converted basis). The dividend will be payable on May 28, 2015, to shareholders of record on May 14, 2015.

 

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HTBK Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Bank of Marin Bancorp $46.83 USD 0.00
Heritage Oaks Bancorp $7.86 USD 0.00
Pacific Continental Corp $13.01 USD +0.01
Provident Financial Holdings Inc $17.44 USD -0.05
Sierra Bancorp $16.99 USD 0.00
View Industry Companies
 

Industry Analysis

HTBK

Industry Average

Valuation HTBK Industry Range
Price/Earnings 20.0x
Price/Sales 3.5x
Price/Book 1.4x
Price/Cash Flow 16.4x
TEV/Sales 1.0x
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