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Last $10.58 USD
Change Today -0.05 / -0.47%
Volume 60.6K
HTBK On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

heritage commerce corp (HTBK) Snapshot

Open
$10.53
Previous Close
$10.63
Day High
$10.58
Day Low
$10.48
52 Week High
08/5/15 - $11.69
52 Week Low
10/24/14 - $8.10
Market Cap
339.3M
Average Volume 10 Days
64.4K
EPS TTM
$0.52
Shares Outstanding
32.1M
EX-Date
08/11/15
P/E TM
20.2x
Dividend
$0.32
Dividend Yield
2.74%
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, as well as other customary banking services. The company provides its banking products and services through 11 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.

243 Employees
Last Reported Date: 07/23/15
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 Executive Appointments

Heritage Commerce Corp. announced that on August 20, 2015, it completed its previously announced merger of its wholly-owned bank subsidiary Heritage Bank of Commerce with Focus Business Bank. The merger, which was first announced on April 23, 2015, was concluded following receipt of approval from Heritage and Focus Business Bank shareholders and all required regulatory approvals. Two independent members of Focus Bank's board of directors were appointed to the board of directors of Heritage and Heritage Bank of Commerce: J. Philip Di Napoli and Julianne Biagini-Komas. In addition, Robert Gionfriddo and Teresa Powell, Focus Bank Executive Vice Presidents, will join Heritage as Executive Vice Presidents.

Heritage Commerce Corp Declares Quarterly Cash Dividend to Common Stock and Series C Preferred Stock, Payable on August 27, 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 August 27, 2015, to shareholders of record on August 13, 2015.

Heritage Commerce Corp. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Heritage Commerce Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net interest income before provision for loan losses was $17,642,000 against $13,685,000 a year ago. Net interest income after provision for loan losses was $17,620,000 against $13,883,000 a year ago. Income before income taxes was $7,167,000 against $5,161,000 a year ago. Net income available to common shareholders was $4,029,000 or $0.14 per diluted share against $3,100,000 or $0.10 per diluted share a year ago. Annualized return on average equity was 9.59% against 7.45% a year ago. Annualized return on average tangible equity was 10.49% against 7.51% a year ago. Annualized return on average assets was 1.08% against 0.91% a year ago. Annualized return on average tangible assets was 1.09% against 0.91% a year ago. For the six months, net interest income before provision for loan losses was $34,500,000 against $27,019,000 a year ago. Net interest income after provision for loan losses was $34,538,000 against $27,227,000 a year ago. Income before income taxes was $13,735,000 against $9,976,000 a year ago. Net income available to common shareholders was $7,719,000 or $0.27 per diluted share against $5,952,000 or $0.20 per diluted share a year ago. Annualized return on average equity was 9.32% against 7.28% a year ago. Annualized return on average tangible equity was 10.20% against 7.33% a year ago. Annualized return on average assets was 1.05% against 0.88% a year ago. Annualized return on average tangible assets was 1.06% against 0.88% a year ago. Book value per share as at the end of the period was $6.30 compared to $6.14 a year ago. Tangible book value per share as at the end of the period was $5.70 compared to $6.09 a year ago.

 

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HTBK Competitors

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Bank of Marin Bancorp $48.00 USD +0.22
First Foundation Inc $21.20 USD -0.17
Heritage Oaks Bancorp $7.77 USD +0.11
Pacific Continental Corp $12.92 USD +0.06
Sierra Bancorp $17.00 USD +0.15
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Industry Analysis

HTBK

Industry Average

Valuation HTBK Industry Range
Price/Earnings 21.9x
Price/Sales 3.9x
Price/Book 1.7x
Price/Cash Flow 18.1x
TEV/Sales 1.8x
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