Heritage Commerce Corp (HTBK) Files 10-K for the Fiscal Year Ended on December 31, 2019

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Mar 12, 2020
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Heritage Commerce Corp (HTBK, Financial)(30-Year Financial) files its latest 10-K with SEC for the fiscal year ended on December 31, 2019. Heritage Commerce Corporation operates as a bank holding company. The company through its subsidiary offers commercial banking services to small and medium-sized businesses and their owners, managers and employees. Heritage Commerce Corp has a market cap of $463.070 million; its shares were traded at around $7.80 with a P/E ratio of 8.67 and P/S ratio of 2.52. The dividend yield of Heritage Commerce Corp stocks is 6.28%. GuruFocus has detected 1 severe warning sign with Heritage Commerce Corp. .

For the last quarter Heritage Commerce Corp reported a revenue of $41.6 million, compared with the revenue of $35.45 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $142.1 million, an increase of 7.9% from last year. For the complete 30-year financial data, please go here.. For the last five years Heritage Commerce Corp had an average revenue growth rate of 16.4% a year.

The reported diluted earnings per share was 84 cents for the year, compared with the earnings per share of $0.72 in the previous year. Over the last five years Heritage Commerce Corp had an EPS growth rate of 15.3% a year. The profitability rank of the company is 4 (out of 10).

At the end of the fiscal year, Heritage Commerce Corp has the cash and cash equivalents of $457.4 million, compared with $164.6 million in the previous year. The long term debt was $39.6 million, compared with $39.4 million in the previous year. Heritage Commerce Corp has a financial strength rank of 4 (out of 10).

At the current stock price of $7.80, Heritage Commerce Corp is traded at 30.8% discount to its historical median P/S valuation band of $11.27. The P/S ratio of the stock is 2.52, while the historical median P/S ratio is 3.51. The stock lost 34.06% during the past 12 months.

Directors and Officers Recent Trades:

  • Director Jason Philip Dinapoli bought 5,094 shares of HTBK stock on 03/10/2020 at the average price of $8.49. The price of the stock has decreased by 8.13% since.
  • Director Jack W Conner bought 1,000 shares of HTBK stock on 03/09/2020 at the average price of $8.23. The price of the stock has decreased by 5.22% since.
  • Director Steven L. Hallgrimson bought 5,000 shares of HTBK stock on 03/05/2020 at the average price of $10.16. The price of the stock has decreased by 23.23% since.
  • Director Jack W Conner bought 12,000 shares of HTBK stock on 03/02/2020 at the average price of $10.34. The price of the stock has decreased by 24.56% since.
  • Director Jason Philip Dinapoli bought 5,000 shares of HTBK stock on 02/27/2020 at the average price of $10.89. The price of the stock has decreased by 28.37% since.

For the complete 20-year historical financial data of HTBK, click here.