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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash to Debt No Debt
HTBK's Cash to Debt is ranked higher than
99% of the 984 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.36 vs. HTBK: No Debt )
Ranked among companies with meaningful Cash to Debt only.
HTBK' s 10-Year Cash to Debt Range
Min: 0.3  Med: 3.91 Max: No Debt
Current: No Debt
Equity to Asset 0.11
HTBK's Equity to Asset is ranked higher than
59% of the 1355 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.10 vs. HTBK: 0.11 )
Ranked among companies with meaningful Equity to Asset only.
HTBK' s 10-Year Equity to Asset Range
Min: 0.07  Med: 0.10 Max: 0.16
Current: 0.11
0.07
0.16
Interest Coverage 9.74
HTBK's Interest Coverage is ranked higher than
91% of the 1272 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.60 vs. HTBK: 9.74 )
Ranked among companies with meaningful Interest Coverage only.
HTBK' s 10-Year Interest Coverage Range
Min: 0.02  Med: 1.13 Max: 9.74
Current: 9.74
0.02
9.74
F-Score: 6
WACC vs ROIC
5.33%
24.93%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 5/10

vs
industry
vs
history
Operating margin (%) 34.66
HTBK's Operating margin (%) is ranked higher than
62% of the 1425 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 30.25 vs. HTBK: 34.66 )
Ranked among companies with meaningful Operating margin (%) only.
HTBK' s 10-Year Operating margin (%) Range
Min: -519.88  Med: 22.79 Max: 43.98
Current: 34.66
-519.88
43.98
Net-margin (%) 21.62
HTBK's Net-margin (%) is ranked lower than
52% of the 1425 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 22.01 vs. HTBK: 21.62 )
Ranked among companies with meaningful Net-margin (%) only.
HTBK' s 10-Year Net-margin (%) Range
Min: -104.78  Med: 16.24 Max: 94.85
Current: 21.62
-104.78
94.85
ROE (%) 7.51
HTBK's ROE (%) is ranked lower than
57% of the 1427 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 8.44 vs. HTBK: 7.51 )
Ranked among companies with meaningful ROE (%) only.
HTBK' s 10-Year ROE (%) Range
Min: -32.87  Med: 9.02 Max: 14.73
Current: 7.51
-32.87
14.73
ROA (%) 0.98
HTBK's ROA (%) is ranked higher than
59% of the 1436 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.87 vs. HTBK: 0.98 )
Ranked among companies with meaningful ROA (%) only.
HTBK' s 10-Year ROA (%) Range
Min: -4.28  Med: 0.80 Max: 1.59
Current: 0.98
-4.28
1.59
Revenue Growth (3Y)(%) 5.50
HTBK's Revenue Growth (3Y)(%) is ranked higher than
66% of the 1215 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.10 vs. HTBK: 5.50 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
HTBK' s 10-Year Revenue Growth (3Y)(%) Range
Min: -24.5  Med: 1.80 Max: 139
Current: 5.5
-24.5
139
EBITDA Growth (3Y)(%) 23.10
HTBK's EBITDA Growth (3Y)(%) is ranked higher than
82% of the 1072 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 7.60 vs. HTBK: 23.10 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
HTBK' s 10-Year EBITDA Growth (3Y)(%) Range
Min: -54.9  Med: 15.20 Max: 35.7
Current: 23.1
-54.9
35.7
EPS Growth (3Y)(%) 11.40
HTBK's EPS Growth (3Y)(%) is ranked higher than
55% of the 1070 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 9.60 vs. HTBK: 11.40 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
HTBK' s 10-Year EPS Growth (3Y)(%) Range
Min: -52.2  Med: 16.40 Max: 37.8
Current: 11.4
-52.2
37.8
» HTBK's 10-Y Financials

Financials


Revenue & Net Income
Equity & Asset
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q3 2014

HTBK Guru Trades in Q3 2014

Jim Simons 94,600 sh (+44.05%)
Michael Price 500,000 sh (-5.91%)
» More
Q4 2014

HTBK Guru Trades in Q4 2014

Jim Simons 126,700 sh (+33.93%)
Michael Price 450,000 sh (-10.00%)
» More
Q1 2015

HTBK Guru Trades in Q1 2015

Jim Simons 133,300 sh (+5.21%)
Michael Price 430,500 sh (-4.33%)
» More
Q2 2015

HTBK Guru Trades in Q2 2015

Jim Simons 184,629 sh (+38.51%)
Michael Price 360,786 sh (-16.19%)
» More
» Details

Insider Trades

Latest Guru Trades with HTBK

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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Ratios

vs
industry
vs
history
P/E(ttm) 20.33
HTBK's P/E(ttm) is ranked lower than
81% of the 1293 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 13.10 vs. HTBK: 20.33 )
Ranked among companies with meaningful P/E(ttm) only.
HTBK' s 10-Year P/E(ttm) Range
Min: 13.39  Med: 19.79 Max: 95.04
Current: 20.33
13.39
95.04
Forward P/E 13.37
HTBK's Forward P/E is ranked lower than
71% of the 714 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 11.85 vs. HTBK: 13.37 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 20.40
HTBK's PE(NRI) is ranked lower than
80% of the 1291 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 13.20 vs. HTBK: 20.40 )
Ranked among companies with meaningful PE(NRI) only.
HTBK' s 10-Year PE(NRI) Range
Min: 12.83  Med: 18.62 Max: 92.85
Current: 20.4
12.83
92.85
P/B 1.63
HTBK's P/B is ranked lower than
85% of the 1370 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.06 vs. HTBK: 1.63 )
Ranked among companies with meaningful P/B only.
HTBK' s 10-Year P/B Range
Min: 0.23  Med: 1.31 Max: 2.62
Current: 1.63
0.23
2.62
P/S 3.79
HTBK's P/S is ranked lower than
72% of the 1409 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.86 vs. HTBK: 3.79 )
Ranked among companies with meaningful P/S only.
HTBK' s 10-Year P/S Range
Min: 0.58  Med: 3.43 Max: 5.4
Current: 3.79
0.58
5.4
PFCF 16.33
HTBK's PFCF is ranked lower than
75% of the 863 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 10.51 vs. HTBK: 16.33 )
Ranked among companies with meaningful PFCF only.
HTBK' s 10-Year PFCF Range
Min: 3.04  Med: 8.76 Max: 254.33
Current: 16.33
3.04
254.33
POCF 16.08
HTBK's POCF is ranked lower than
80% of the 956 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 9.00 vs. HTBK: 16.08 )
Ranked among companies with meaningful POCF only.
HTBK' s 10-Year POCF Range
Min: 2.85  Med: 8.69 Max: 1292.5
Current: 16.08
2.85
1292.5
EV-to-EBIT 6.47
HTBK's EV-to-EBIT is ranked higher than
85% of the 1284 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 13.41 vs. HTBK: 6.47 )
Ranked among companies with meaningful EV-to-EBIT only.
HTBK' s 10-Year EV-to-EBIT Range
Min: -15.2  Med: 10.50 Max: 662.4
Current: 6.47
-15.2
662.4
Days Sales Outstanding 176.59
HTBK's Days Sales Outstanding is ranked lower than
85% of the 795 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 34.20 vs. HTBK: 176.59 )
Ranked among companies with meaningful Days Sales Outstanding only.
HTBK' s 10-Year Days Sales Outstanding Range
Min: 88.08  Med: 221.89 Max: 336.05
Current: 176.59
88.08
336.05

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 2.82
HTBK's Dividend Yield is ranked lower than
51% of the 2258 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.76 vs. HTBK: 2.82 )
Ranked among companies with meaningful Dividend Yield only.
HTBK' s 10-Year Dividend Yield Range
Min: 0.2  Med: 1.55 Max: 6.63
Current: 2.82
0.2
6.63
Dividend Payout 0.49
HTBK's Dividend Payout is ranked lower than
72% of the 1330 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.33 vs. HTBK: 0.49 )
Ranked among companies with meaningful Dividend Payout only.
HTBK' s 10-Year Dividend Payout Range
Min: 0.14  Med: 0.37 Max: 2.16
Current: 0.49
0.14
2.16
Yield on cost (5-Year) 2.80
HTBK's Yield on cost (5-Year) is ranked lower than
58% of the 2253 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.23 vs. HTBK: 2.80 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
HTBK' s 10-Year Yield on cost (5-Year) Range
Min: 0.2  Med: 1.55 Max: 6.63
Current: 2.8
0.2
6.63
Share Buyback Rate -0.30
HTBK's Share Buyback Rate is ranked higher than
70% of the 1013 Companies
in the Global Banks - Regional - US industry.

( Industry Median: -1.90 vs. HTBK: -0.30 )
Ranked among companies with meaningful Share Buyback Rate only.
HTBK' s 10-Year Share Buyback Rate Range
Min: 0.5  Med: -1.80 Max: -30.6
Current: -0.3

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.80
HTBK's Price/Tangible Book is ranked lower than
83% of the 1347 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.13 vs. HTBK: 1.80 )
Ranked among companies with meaningful Price/Tangible Book only.
HTBK' s 10-Year Price/Tangible Book Range
Min: 0.5  Med: 1.49 Max: 3.65
Current: 1.8
0.5
3.65
Price/Projected FCF 0.95
HTBK's Price/Projected FCF is ranked lower than
77% of the 805 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.65 vs. HTBK: 0.95 )
Ranked among companies with meaningful Price/Projected FCF only.
HTBK' s 10-Year Price/Projected FCF Range
Min: 0.15  Med: 0.78 Max: 1.89
Current: 0.95
0.15
1.89
Price/Median PS Value 1.11
HTBK's Price/Median PS Value is ranked lower than
64% of the 1310 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.04 vs. HTBK: 1.11 )
Ranked among companies with meaningful Price/Median PS Value only.
HTBK' s 10-Year Price/Median PS Value Range
Min: 0.23  Med: 0.92 Max: 1.64
Current: 1.11
0.23
1.64
Price/Graham Number 1.11
HTBK's Price/Graham Number is ranked lower than
78% of the 1181 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.82 vs. HTBK: 1.11 )
Ranked among companies with meaningful Price/Graham Number only.
HTBK' s 10-Year Price/Graham Number Range
Min: 0.48  Med: 1.06 Max: 2.25
Current: 1.11
0.48
2.25
Earnings Yield (Greenblatt) (%) 15.51
HTBK's Earnings Yield (Greenblatt) (%) is ranked higher than
86% of the 1408 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 6.80 vs. HTBK: 15.51 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
HTBK' s 10-Year Earnings Yield (Greenblatt) (%) Range
Min: 0.2  Med: 8.70 Max: 322.4
Current: 15.51
0.2
322.4
Forward Rate of Return (Yacktman) (%) 3.85
HTBK's Forward Rate of Return (Yacktman) (%) is ranked lower than
71% of the 792 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 14.82 vs. HTBK: 3.85 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
HTBK' s 10-Year Forward Rate of Return (Yacktman) (%) Range
Min: 2.1  Med: 14.50 Max: 50.1
Current: 3.85
2.1
50.1

Analyst Estimate

Dec15 Dec16
Revenue(Mil) 84 103
EPS($) 0.51 0.77
EPS without NRI($) 0.51 0.77

Business Description

Industry: Banks » Banks - Regional - US
Compare:MTB, USB, PNC, PB, CFR » details
Heritage Commerce Corp, a California corporation, was incorporated in November 23, 1997, and is a bank holding Company. It provides banking services through Heritage Bank of Commerce, its wholly-owned subsidiary and its principal asset. The Bank along with its subsidiary offers commercial banking services to small and medium-sized businesses and their owners, managers and employees. It operates through 10 service branch offices located in the southern and eastern regions of the San Francisco Bay Area of California in the counties of Santa Clara, Alameda, and Contra Costa. Its market includes a number of technology based companies in the region commonly known as Silicon Valley. Its lending activities are diversified and include commercial, real estate, construction and land development, consumer and SBA guaranteed loans. It generally lend in markets where it have a physical presence through its branch offices and a SBA loan production office. It attract deposits throughout its market area with a customer-oriented product mix, competitive pricing, and convenient locations. It offers a wide range of deposit products for business banking and retail markets. In addition to other large regional banks and local community banks, its competitors include savings institutions, securities and brokerage companies, asset management groups, mortgage banking companies, credit unions, finance and insurance companies, internet-based companies, and money market funds. As a bank holding company, Heritage Commerce Corp is subject to the supervision of the Board of Governors of the Federal Reserve System. It is required to file with the Federal Reserve reports and other information regarding its business operations and the business operations of its subsidiaries. As a California chartered bank, Heritage Bank of Commerce is subject to primary supervision, periodic examination, and regulation by the California Department of Business Oversight, and by the Federal Reserve, as its primary federal regulator.
» More Articles for HTBK

Headlines

Articles On GuruFocus.com
Heritage Bank of Commerce Accepted to Sandler O'Neill Sm-All Stars Class of 2014 Oct 15 2014 
Heritage Commerce Corp Reports Operating Results (10-K) Mar 07 2011 
Heritage Commerce Corp Reports Operating Results (10-Q) Nov 10 2010 
Heritage Commerce Corp Reports Operating Results (10-Q) Aug 06 2010 
Heritage Commerce Corp Reports Operating Results (10-Q) May 11 2010 
Heritage Commerce Corp (HTBK) CFO Lawrence D Mcgovern buys 2,500 Shares Nov 16 2009 
Heritage Commerce Corp (HTBK) CEO Walter Theodore Kaczmarek buys 5,000 Shares Nov 16 2009 
Heritage Commerce Corp (HTBK) CEO Walter Theodore Kaczmarek buys 5,000 Shares Nov 13 2009 
Heritage Commerce Corp Reports Operating Results (10-Q) Oct 28 2009 
Heritage Commerce Corp Reports Operating Results (10-Q) Aug 10 2009 

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