HTBK RSI Chart
Last 7 days
4.8%
Last 30 days
2.3%
Last 90 days
2.2%
Trailing 12 Months
21.0%
Historical Charts for Stock Metrics
Year | Q1 | Q2 | Q3 | Q4 |
---|---|---|---|---|
2023 | 201.7M | 209.2M | 219.8M | 227.1M |
2022 | 157.9M | 157.8M | 168.0M | 185.3M |
2021 | 139.1M | 142.9M | 146.5M | 151.8M |
2020 | 150.2M | 149.5M | 152.5M | 146.2M |
2019 | 135.4M | 136.9M | 135.6M | 142.7M |
2018 | 110.1M | 116.0M | 122.6M | 129.8M |
2017 | 96.1M | 98.7M | 102.8M | 106.9M |
2016 | 81.8M | 87.2M | 93.3M | 94.4M |
2015 | 62.8M | 66.8M | 70.0M | 76.2M |
2014 | 53.8M | 55.1M | 56.2M | 59.3M |
2013 | 52.0M | 51.5M | 52.1M | 52.8M |
2012 | 52.5M | 52.8M | 52.6M | 52.6M |
2011 | 53.7M | 52.5M | 52.2M | 52.0M |
2010 | 0 | 59.9M | 57.5M | 55.1M |
2009 | 0 | 0 | 0 | 62.3M |
Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index
Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>
Returns of $10,000 invested in:
Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224
Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
May 02, 2024 | reuter deborah | acquired | - | - | 3,526 | evp/cro/corporate secretary |
May 02, 2024 | peng coonley janice yuli | acquired | - | - | 3,041 | evp/chief people & culture |
May 02, 2024 | peng coonley janice yuli | acquired | - | - | 196 | evp/chief people & culture |
May 02, 2024 | mcgovern lawrence d | acquired | - | - | 301 | evp/cfo |
May 02, 2024 | jones robertson clay jr | acquired | - | - | 10,493 | president and ceo |
May 02, 2024 | jones robertson clay jr | acquired | - | - | 678 | president and ceo |
May 02, 2024 | reuter deborah | acquired | - | - | 226 | evp/cro/corporate secretary |
May 02, 2024 | mcgovern lawrence d | acquired | - | - | 4,677 | evp/cfo |
May 01, 2024 | sutton marina park | acquired | 23,218 | 4.7 | 4,940 | - |
Mar 08, 2024 | conner jack w | acquired | - | - | 10,011 | - |
Which funds bought or sold HTBK recently?
View All DetailsDatesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
May 06, 2024 | Quantbot Technologies LP | added | 15.02 | -481 | 92,767 | -% |
May 06, 2024 | TEACHER RETIREMENT SYSTEM OF TEXAS | added | 16.28 | 2,000 | 438,000 | -% |
May 06, 2024 | Empowered Funds, LLC | added | 8.12 | -79,047 | 1,139,720 | 0.02% |
May 06, 2024 | SG Americas Securities, LLC | reduced | -14.09 | -106,000 | 307,000 | -% |
May 06, 2024 | Parallel Advisors, LLC | reduced | -15.00 | -35,336 | 98,078 | -% |
May 06, 2024 | NEW YORK LIFE INVESTMENT MANAGEMENT LLC | added | 4.76 | -38,608 | 372,655 | -% |
May 03, 2024 | LIBERTY WEALTH MANAGEMENT LLC | added | 0.01 | -15,000 | 98,000 | 0.02% |
May 03, 2024 | HUNTINGTON NATIONAL BANK | new | - | 3,449 | 3,449 | -% |
May 03, 2024 | SIGNATUREFD, LLC | reduced | -2.99 | -8,854 | 46,152 | -% |
May 03, 2024 | Glassman Wealth Services | sold off | -100 | -1,756 | - | -% |
Unveiling Heritage Commerce Corp's Major ShareHolders
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Peers (Alternatives to Heritage Commerce Corp)
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
JPM | 550.7B | 174.7B | 10.94 | 3.15 | ||||
BAC | 296.0B | 127.4B | 11.83 | 2.15 | ||||
WFC | 210.0B | 85.8B | 11.19 | 2.45 | ||||
C | 118.3B | 125.0B | 14.8 | 0.95 | ||||
CFG | 16.2B | 10.4B | 11.31 | 1.55 | ||||
KEY | 14.1B | 8.1B | 16.12 | 1.73 | ||||
MID-CAP | ||||||||
CMA | 7.1B | 4.2B | 10.15 | 1.66 | ||||
ZION | 6.5B | 3.9B | 9.55 | 1.64 | ||||
ABCB | 3.4B | 1.3B | 12.7 | 2.67 | ||||
ASB | 3.3B | 1.8B | 20.77 | 1.64 | ||||
SMALL-CAP | ||||||||
AMNB | 497.6M | 120.2M | 19.02 | 4.14 | ||||
ALRS | 399.1M | 152.4M | 40.14 | 2.62 | ||||
AROW | 389.7M | 162.6M | 12.96 | 2.4 | ||||
ACNB | 273.7M | 96.6M | 8.64 | 2.83 | ||||
ASRV | 40.3M | 60.9M | -12.04 | 0.66 |
Heritage Commerce Corp News
Income Statement (Quarterly) | ||||||||||||||||||||||
Description | (%) Q/Q | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 |
Revenue | 8.6% | 66.00 | 61.00 | 44.00 | 56.00 | 59.00 | 50.00 | 37.00 | 40.00 | 41.00 | 40.00 | 37.00 | 34.00 | 36.00 | 36.00 | 33.00 | 41.00 | 42.00 | 33.00 | 33.00 | 33.00 | 35.00 |
EBITDA Margin | -10.0% | 1.20* | 1.34* | 1.74* | 1.78* | 1.84* | 1.63* | 1.63* | 1.52* | 1.54* | 1.40* | 1.42* | 1.48* | - | - | - | - | - | - | - | - | - |
Interest Expenses | -6.8% | 42.00 | 45.00 | 46.00 | 49.00 | 52.00 | 48.00 | 42.00 | 38.00 | 38.00 | 38.00 | 35.00 | 35.00 | 34.00 | 34.00 | 35.00 | 39.00 | 39.00 | 31.00 | 31.00 | 31.00 | 33.00 |
Income Taxes | -20.4% | 5.00 | 6.00 | 7.00 | 8.00 | 9.00 | 8.00 | 6.00 | 5.00 | 5.00 | 6.00 | 3.00 | 4.00 | 4.00 | 4.00 | 4.00 | 1.00 | 2.00 | 5.00 | 5.00 | 5.00 | 5.00 |
Earnings Before Taxes | -17.0% | 18.00 | 22.00 | 23.00 | 27.00 | 29.00 | 26.00 | 21.00 | 18.00 | 19.00 | 19.00 | 12.00 | 16.00 | 16.00 | 15.00 | 15.00 | 3.00 | 8.00 | 16.00 | 16.00 | 17.00 | 18.00 |
EBT Margin | -13.7% | 0.40* | 0.46* | 0.61* | 0.62* | 0.63* | 0.55* | 0.54* | 0.48* | 0.48* | 0.43* | 0.42* | 0.46* | - | - | - | - | - | - | - | - | - |
Net Income | -15.6% | 13.00 | 16.00 | 16.00 | 19.00 | 21.00 | 18.00 | 15.00 | 13.00 | 14.00 | 14.00 | 9.00 | 11.00 | 12.00 | 11.00 | 11.00 | 2.00 | 6.00 | 11.00 | 11.00 | 12.00 | 13.00 |
Net Income Margin | -13.3% | 0.28* | 0.33* | 0.43* | 0.44* | 0.45* | 0.39* | 0.39* | 0.34* | 0.35* | 0.31* | 0.31* | 0.33* | - | - | - | - | - | - | - | - | - |
Free Cashflow | -131.3% | -5.02 | 16.00 | 30.00 | 30.00 | 27.00 | 16.00 | 9.00 | 17.00 | 17.00 | 18.00 | 11.00 | 10.00 | - | - | - | - | - | - | - | - | - |
Balance Sheet | ||||||||||||||||||||||
Description | (%) Q/Q | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 |
Assets | -3.9% | 5,194 | 5,403 | 5,312 | 5,537 | 5,158 | 5,431 | 5,357 | 5,427 | 5,499 | 5,463 | 5,073 | 5,001 | 4,634 | 4,607 | 4,614 | 4,078 | 4,109 | 3,182 | 3,108 | 3,116 | 3,097 |
Cash Equivalents | -36.8% | 408 | 646 | 512 | 740 | 307 | 682 | 877 | 1,217 | 1,306 | 1,621 | 1,328 | 1,443 | 1,131 | 960 | 926 | 443 | 457 | 416 | 276 | 235 | 165 |
Net PPE | 1.5% | 10.00 | 10.00 | 9.00 | 9.00 | 9.00 | 9.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 9.00 | 8.00 | 7.00 | 7.00 | 7.00 | 7.00 |
Goodwill | 0% | 168 | 168 | 168 | 168 | 168 | 168 | 168 | 168 | 168 | 168 | 168 | 168 | 168 | 168 | 168 | 167 | 167 | 84.00 | 84.00 | 84.00 | 84.00 |
Liabilities | -4.6% | 4,521 | 4,741 | 4,658 | 4,889 | 4,525 | 4,822 | 4,750 | 4,826 | 4,901 | 4,873 | 4,489 | 4,420 | 4,056 | 4,029 | 4,040 | 3,507 | 3,533 | 2,787 | 2,720 | 2,737 | 2,729 |
Shareholder's Equity | 1.7% | 673 | 662 | 654 | 647 | 632 | 610 | 607 | 601 | 598 | 590 | 583 | 582 | 578 | 578 | 575 | 571 | 577 | 395 | 388 | 379 | 367 |
Retained Earnings | 3.1% | 179 | 174 | 166 | 157 | 146 | 133 | 123 | 116 | 111 | 105 | 99.00 | 98.00 | 95.00 | 91.00 | 88.00 | 85.00 | 97.00 | 98.00 | 92.00 | 86.00 | 79.00 |
Shares Outstanding | 0.1% | 61.00 | 61.00 | 61.00 | 61.00 | 61.00 | 61.00 | 61.00 | 60.00 | 60.00 | 60.00 | 60.00 | 60.00 | - | - | - | - | - | - | - | - | - |
Float | - | - | - | 400 | - | - | - | 508 | - | - | - | 514 | - | - | - | 354 | - | - | - | 372 | - | - |
Cashflow (Quarterly) | ||||||||||||||||||||||
Description | (%) Q/Q | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 |
Cashflow From Operations | -127.2% | -4,581 | 16,845 | 30,788 | 29,958 | 27,141 | 16,180 | 9,749 | 16,783 | 17,445 | 18,285 | 10,863 | 10,256 | 22,066 | 9,358 | 16,149 | 9,722 | 17,060 | 15,675 | 4,598 | 13,010 | 15,014 |
Cashflow From Investing | -155.7% | -28,123 | 50,461 | -7,902 | 55,746 | -101,909 | -272,766 | -265,932 | -28,880 | -358,169 | -99,627 | -183,613 | -55,422 | 132,437 | 42,403 | -59,850 | 31,393 | 89,870 | 62,643 | 59,112 | 59,614 | -119,116 |
Cashflow From Financing | -406.7% | -204,719 | 66,744 | -251,392 | 347,701 | -300,380 | 61,752 | -84,397 | -76,954 | 25,593 | 374,367 | 58,018 | 357,147 | 16,302 | -17,393 | 526,204 | -55,088 | -65,343 | 61,453 | -22,675 | -2,215 | -112,359 |
Dividend Payments | 0.0% | 7,943 | 7,941 | 7,940 | 7,916 | 7,899 | 7,890 | 7,858 | 7,848 | 7,838 | 7,827 | 7,816 | 7,789 | 7,789 | 7,786 | 7,767 | 7,737 | 7,105 | 5,221 | 5,201 | 5,196 | 4,760 |
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands | 12 Months Ended | ||
---|---|---|---|
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Interest income: | |||
Loans, including fees | $ 177,628 | $ 153,010 | $ 139,244 |
Securities, taxable | 27,351 | 20,666 | 8,678 |
Securities, exempt from Federal tax | 945 | 1,084 | 1,576 |
Other investments, interest-bearing deposits in other financial institutions and Federal funds sold | 28,374 | 14,068 | 3,758 |
Total interest income | 234,298 | 188,828 | 153,256 |
Interest expense: | |||
Deposits | 47,557 | 6,770 | 4,816 |
Short-term borrowings | 1,365 | 1 | |
Subordinated debt | 2,152 | 2,178 | 2,314 |
Total interest expense | 51,074 | 8,948 | 7,131 |
Net interest income before provision for credit losses on loans | 183,224 | 179,880 | 146,125 |
Provision for (recapture of) credit losses on loans | 749 | 766 | (3,134) |
Net interest income after provision for credit losses on loans | 182,475 | 179,114 | 149,259 |
Noninterest income: | |||
Service charges and fees on deposit accounts | $ 4,341 | $ 4,640 | $ 2,488 |
Revenue, Product and Service [Extensible List] | Service charges and fees on deposit accounts | Service charges and fees on deposit accounts | Service charges and fees on deposit accounts |
Increase in cash surrender value of life insurance | $ 2,031 | $ 1,925 | $ 1,838 |
Gain on sales of SBA loans | 482 | 491 | 1,718 |
Servicing income | 400 | 508 | 553 |
Termination fees | 154 | 61 | 797 |
Gain on proceeds from company owned life insurance | 125 | 27 | 675 |
Gain on warrants | 669 | 11 | |
Other | 1,465 | 1,790 | 1,608 |
Total noninterest income | 8,998 | 10,111 | 9,688 |
Noninterest expense: | |||
Salaries and employee benefits | 56,862 | 55,331 | 51,862 |
Occupancy and equipment | 9,490 | 9,639 | 9,038 |
Professional fees | 4,350 | 5,015 | 5,901 |
Other | 30,352 | 24,874 | 26,276 |
Total noninterest expense | 101,054 | 94,859 | 93,077 |
Income before income taxes | 90,419 | 94,366 | 65,870 |
Income tax expense | 25,976 | 27,811 | 18,170 |
Net income | $ 64,443 | $ 66,555 | $ 47,700 |
Earnings per common share: | |||
Basic (in dollars per share) | $ 1.06 | $ 1.10 | $ 0.79 |
Diluted (in dollars per share) | $ 1.05 | $ 1.09 | $ 0.79 |
CONSOLIDATED BALANCE SHEETS - USD ($) | Dec. 31, 2023 | Dec. 31, 2022 |
---|---|---|
Assets | ||
Cash and due from banks | $ 41,592,000 | $ 27,595,000 |
Other investments and interest-bearing deposits in other financial institutions | 366,537,000 | 279,008,000 |
Total cash and cash equivalents | 408,129,000 | 306,603,000 |
Securities available-for-sale, at fair value | 442,636,000 | 489,596,000 |
Securities held-to-maturity, at amortized cost, net of allowance for credit losses of $12 and $14, respectively (fair value of $564,127 and $614,452, respectively) | 650,565,000 | 714,990,000 |
Loans held-for-sale - SBA, at lower of cost or fair value, including deferred costs | 2,205,000 | 2,456,000 |
Loans, net of deferred fees | 3,350,378,000 | 3,298,550,000 |
Allowance for credit losses on loans | (47,958,000) | (47,512,000) |
Loans, net | 3,302,420,000 | 3,251,038,000 |
Federal Home Loan Bank ("FHLB"), Federal Reserve Bank ("FRB") stock and other investments, at cost | 32,540,000 | 32,522,000 |
Company-owned life insurance | 79,489,000 | 78,945,000 |
Premises and equipment, net | 9,857,000 | 9,301,000 |
Goodwill | 167,631,000 | 167,631,000 |
Other intangible assets | 8,627,000 | 11,033,000 |
Accrued interest receivable and other assets | 89,996,000 | 93,465,000 |
Total assets | 5,194,095,000 | 5,157,580,000 |
Deposits: | ||
Demand, noninterest-bearing | 1,292,486,000 | 1,736,722,000 |
Demand, interest-bearing | 914,066,000 | 1,196,427,000 |
Savings and money market | 1,087,518,000 | 1,285,444,000 |
Time deposits - under $250 | 38,055,000 | 32,445,000 |
Time deposits - $250 and over | 192,228,000 | 108,192,000 |
Insured Cash Sweep ("ICS")/Certificates of Deposit Account Registry Service ("CDARS") - interest-bearing demand, money market and time deposits | 854,105,000 | 30,374,000 |
Total deposits | 4,378,458,000 | 4,389,604,000 |
Subordinated debt, net of issuance costs | 39,502,000 | 39,350,000 |
Accrued interest payable and other liabilities | 103,234,000 | 96,170,000 |
Total liabilities | 4,521,194,000 | 4,525,124,000 |
Shareholders' equity: | ||
Preferred stock, no par value; 10,000,000 shares authorized; none issued and outstanding at December 31, 2023 and December 31, 2022 | ||
Common stock, no par value; 100,000,000 shares authorized; 61,146,835 and 60,852,723 shares issued and outstanding, respectively | 506,539,000 | 502,923,000 |
Retained earnings | 179,092,000 | 146,389,000 |
Accumulated other comprehensive loss | (12,730,000) | (16,856,000) |
Total shareholders' equity | 672,901,000 | 632,456,000 |
Total liabilities and shareholders' equity | $ 5,194,095,000 | $ 5,157,580,000 |