How to buy Heritage Commerce stock

Heritage Commerce Corp is a banks-regional business based in the US. Heritage Commerce shares (HTBK) are listed on the NASDAQ and all prices are listed in US Dollars. Heritage Commerce employs 325 staff and has a trailing 12-month revenue of around 0.00.

Heritage Commerce share price

Use our graph to track the performance of HTBK stocks over time.

Heritage Commerce shares at a glance

• Key figures

Information last updated 2021-04-29.

52-week range	$5.93 - $12.51
50-day moving average	$11.87
200-day moving average	$9.57
Wall St. target price	$13.40
PE ratio	16.3551
Dividend yield	$0.52 (4.32%)
Earnings per share (TTM)	$0.75

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Is it a good time to buy Heritage Commerce stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of Heritage Commerce Corp by TradingView

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Is Heritage Commerce under- or over-valued?

Valuing Heritage Commerce stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Heritage Commerce's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Heritage Commerce's P/E ratio

Heritage Commerce's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 16x. In other words, Heritage Commerce shares trade at around 16x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Heritage Commerce's PEG ratio

Heritage Commerce's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.88. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Heritage Commerce's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Heritage Commerce financials

Revenue TTM	$148.8 million
Operating margin TTM	41.72%
Gross profit TTM	$138.6 million
Return on assets TTM	0.98%
Return on equity TTM	7.74%
Profit margin	29.99%
Book value	$9.71
Market capitalisation	$734.2 million

TTM: trailing 12 months

Shorting Heritage Commerce shares

There are currently 2.2 million Heritage Commerce shares held short by investors – that's known as Heritage Commerce's "short interest". This figure is 73.6% up from 1.3 million last month.

There are a few different ways that this level of interest in shorting Heritage Commerce shares can be evaluated.

Heritage Commerce's "short interest ratio" (SIR)

Heritage Commerce's "short interest ratio" (SIR) is the quantity of Heritage Commerce shares currently shorted divided by the average quantity of Heritage Commerce shares traded daily (recently around 438730.58350101). Heritage Commerce's SIR currently stands at 4.97. In other words for every 100,000 Heritage Commerce shares traded daily on the market, roughly 4970 shares are currently held short.

However Heritage Commerce's short interest can also be evaluated against the total number of Heritage Commerce shares, or, against the total number of tradable Heritage Commerce shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Heritage Commerce's short interest could be expressed as 0.04% of the outstanding shares (for every 100,000 Heritage Commerce shares in existence, roughly 40 shares are currently held short) or 0.0429% of the tradable shares (for every 100,000 tradable Heritage Commerce shares, roughly 43 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Heritage Commerce.

Find out more about how you can short Heritage Commerce stock.

Heritage Commerce share dividends

Dividend payout ratio: 54.43% of net profits

Recently Heritage Commerce has paid out, on average, around 54.43% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 4.3% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Heritage Commerce shareholders could enjoy a 4.3% return on their shares, in the form of dividend payments. In Heritage Commerce's case, that would currently equate to about $0.52 per share.

Heritage Commerce's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

Heritage Commerce's most recent dividend payout was on 26 May 2021. The latest dividend was paid out to all shareholders who bought their shares by 11 May 2021 (the "ex-dividend date").

Have Heritage Commerce's shares ever split?

Heritage Commerce's shares were split on a 11:10 basis on 2 February 2000. So if you had owned 10 shares the day before before the split, the next day you'd have owned 11 shares. This wouldn't directly have changed the overall worth of your Heritage Commerce shares – just the quantity. However, indirectly, the new 9.1% lower share price could have impacted the market appetite for Heritage Commerce shares which in turn could have impacted Heritage Commerce's share price.

Heritage Commerce share price volatility

Over the last 12 months, Heritage Commerce's shares have ranged in value from as little as $5.9345 up to $12.51. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Heritage Commerce's is 1.2471. This would suggest that Heritage Commerce's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).

Heritage Commerce overview

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. Its deposit products for business banking and retail markets include interest and non-interest bearing demand, savings, and money market accounts, as well as certificates of deposit and time deposits. The company's loan portfolio comprises 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; small business administration loans; home equity lines of credit; multifamily loans on residential properties; residential mortgage 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, night depositories, safe deposit boxes, direct deposit, automated payroll, electronic funds transfer, online bill pay, homeowner association, remote deposit capture, automated clearing house origination, electronic data interchange, and check imaging services, as well as other customary banking, factoring financing, and electronic banking services. The company operates through nineteen full-service branch offices located in the general San Francisco Bay Area of California. Heritage Commerce Corp was founded in 1994 and is headquartered in San Jose, California. .

Frequently asked questions

What percentage of Heritage Commerce is owned by insiders or institutions?
Currently 3.88% of Heritage Commerce shares are held by insiders and 71.397% by institutions. How many people work for Heritage Commerce?
Latest data suggests 325 work at Heritage Commerce. When does the fiscal year end for Heritage Commerce?
Heritage Commerce's fiscal year ends in December. Where is Heritage Commerce based?
Heritage Commerce's address is: 224 Airport Parkway, San Jose, CA, United States, 95110 What is Heritage Commerce's ISIN number?
Heritage Commerce's international securities identification number is: US4269271098 What is Heritage Commerce's CUSIP number?
Heritage Commerce's Committee on Uniform Securities Identification Procedures number is: 426927109