HTBK RSI Chart
Last 7 days
3.7%
Last 30 days
-0.2%
Last 90 days
-10.9%
Trailing 12 Months
8.6%
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 |
---|---|---|---|---|---|---|
Mar 08, 2024 | conner jack w | acquired | - | - | 10,011 | - |
Mar 08, 2024 | cabral bruce h | acquired | - | - | 5,889 | - |
Mar 08, 2024 | roden laura | acquired | - | - | 5,889 | - |
Mar 08, 2024 | husain kamran f | acquired | - | - | 5,889 | - |
Mar 08, 2024 | sutton marina park | acquired | - | - | 5,889 | - |
Mar 08, 2024 | heitel stephen g. | acquired | - | - | 5,889 | - |
Mar 08, 2024 | dinapoli jason philip | acquired | - | - | 5,889 | - |
Mar 08, 2024 | biagini komas julianne m | acquired | - | - | 5,889 | - |
Mar 08, 2024 | webster ranson w | acquired | - | - | 5,889 | - |
Feb 26, 2024 | webster ranson w | acquired | 36,315 | 8.07 | 4,500 | - |
Which funds bought or sold HTBK recently?
View All DetailsDatesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
Apr 24, 2024 | Waypoint Wealth Partners Inc. | sold off | -100 | -166,671 | - | -% |
Apr 24, 2024 | Cambridge Investment Research Advisors, Inc. | added | 72.86 | 68,000 | 206,000 | -% |
Apr 24, 2024 | Assenagon Asset Management S.A. | reduced | -54.54 | -1,458,400 | 944,898 | -% |
Apr 23, 2024 | Global Retirement Partners, LLC | sold off | -100 | -213 | - | -% |
Apr 23, 2024 | AMALGAMATED BANK | reduced | -61.19 | -34,000 | 17,000 | -% |
Apr 22, 2024 | MetLife Investment Management, LLC | unchanged | - | 45,418 | 310,724 | -% |
Apr 22, 2024 | RAYMOND JAMES & ASSOCIATES | sold off | -100 | -130,140 | - | -% |
Apr 22, 2024 | Rosenberg Matthew Hamilton | unchanged | - | -18.00 | 101 | -% |
Apr 22, 2024 | Raymond James Financial Services Advisors, Inc. | reduced | -27.02 | -319,250 | 546,409 | -% |
Apr 19, 2024 | NORDEN GROUP LLC | new | - | 111,164 | 111,164 | -% |
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 | 556.9B | 171.1B | 11.24 | 3.25 | ||||
BAC | 298.3B | 130.3B | 11.25 | 2.29 | ||||
WFC | 214.2B | 85.7B | 11.19 | 2.5 | ||||
C | 118.1B | 133.3B | 12.8 | 0.89 | ||||
CFG | 16.1B | 10.2B | 9.98 | 1.57 | ||||
KEY | 13.6B | 7.9B | 14.11 | 1.72 | ||||
MID-CAP | ||||||||
CMA | 6.9B | 4.2B | 7.84 | 1.65 | ||||
ZION | 6.1B | 3.9B | 8.99 | 1.55 | ||||
ABCB | 3.3B | 1.3B | 12.19 | 2.56 | ||||
ASB | 3.2B | 2.0B | 17.64 | 1.65 | ||||
SMALL-CAP | ||||||||
AMNB | 497.6M | 120.2M | 19.02 | 4.14 | ||||
ALRS | 405.4M | 164.9M | 34.66 | 2.46 | ||||
AROW | 375.3M | 162.6M | 12.48 | 2.31 | ||||
ACNB | 282.4M | 96.6M | 8.91 | 2.92 | ||||
ASRV | 47.8M | 60.9M | -14.3 | 0.79 |
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 |