Heritage Stock Analysis

HTBK -  USA Stock  

USD 11.83  0.20  1.72%

The modest gains experienced by current holders of Heritage Commerce may raise some interest from traders. The stock closed today at a share price of 11.83 on 191,181 in trading volume. The company executives have been quite successful in maneuvering the stock at opportune times to take advantage of all market conditions in September. The stock standard deviation of daily returns for 90 days investing horizon is currently 1.5. The below-average Stock volatility is a good sign for longer-term investment options and for buy-and-hold investors.
Please check Risk vs Return Analysis.

Heritage Stock Analysis 

The Heritage Commerce stock analysis report makes it easy to digest most publicly released information about Heritage Commerce and get updates on important government artifacts, including earning estimates, SEC corporate filings, and announcements. Heritage Stock analysis module also helps to analyze the Heritage Commerce price relationship with some important fundamental indicators such as market cap and management efficiency.

Heritage Stock Analysis Notes

About 72.0% of the company shares are owned by institutional investors. The company has price-to-book (P/B) ratio of 1.22. Some equities with similar Price to Book (P/B) outperform the market in the long run. Heritage Commerce has Price/Earnings To Growth (PEG) ratio of 2.16. The entity next dividend is scheduled to be issued on the 11th of August 2021. The firm had 11:10 split on the 3rd of February 2000. 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 businessprofessional community in California. Heritage Commerce Corp was founded in 1994 and is headquartered in San Jose, California. Heritage Commerce operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 330 people. To learn more about Heritage Commerce call Walter Kaczmarek at 408 947-6900 or check out www.heritagecommercecorp.com.

Heritage Commerce Investment Alerts

Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Heritage Commerce's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Heritage Commerce or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
About 72.0% of the company shares are owned by institutional investors
Latest headline from www.nbcnews.com: 70 Latino-owned businesses to support in 2021 and beyond - NBC News

Heritage Commerce Upcoming and Recent Events

Earnings reports are used by Heritage Commerce to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Heritage Commerce previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
Upcoming Quarterly Report28th of October 2021
Next Earnings Report27th of January 2022
Next Fiscal Quarter End30th of September 2021
Next Fiscal Year End27th of January 2022
Last Quarter Report30th of June 2021
Last Earning Announcement30th of September 2020

Heritage Largest EPS Surprises

Earnings surprises can significantly impact Heritage Commerce's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Fiscal Date
Estimated EPS
Reported EPS
View All Earnings Estimates

Heritage Commerce SEC Filings

SEC filings are important regulatory documents required of all public companies to provide to potential investors. Heritage Commerce prospectus issued under the guidelines of SEC is a legal declaration of facts and statements to ensure that Heritage Commerce investors are not misled. SEC filings are required by law to meet strict transparency standards and other important legal constraints. Although many companies may choose careful wording to disguise some material information, SEC filings make crucial Heritage Commerce specific information freely available to individual and institutional investors to make a timely investment decision.
22nd of July 2021
Financial Statements and Exhibits. Other Events. Results of Operations and Financial Condition
7th of July 2021
Other Events
28th of May 2021
Financial Statements and Exhibits. Other Events. Submission of Matters to a Vote of Security Holders
4th of May 2021
Financial Statements and Exhibits. Regulation FD Disclosure
22nd of April 2021
Financial Statements and Exhibits. Other Events. Results of Operations and Financial Condition
8th of April 2021
Financial Statements and Exhibits. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
30th of March 2021
Other Events. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
15th of March 2021
Financial Statements and Exhibits. Other Events. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

Heritage Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Heritage Commerce is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Heritage Commerce backward and forwards among themselves. Heritage Commerce's institutional investor refers to the entity that pools money to purchase Heritage Commerce's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Security TypeSharesValue
Enterprise Trust Investment CoCommon Shares90.1 KM
Guardian Investment ManagementCommon Shares29.5 K347 K
Caprock Group IncCommon Shares14.4 K167 K
Security National BankCommon Shares12.5 K145 K
Berman Capital Advisors LlcCommon Shares3.7 K43 K
Ifp Advisors IncCommon Shares73.01000
Price T Rowe Associates IncCommon Shares5.8 M64.1 M
Note, although Heritage Commerce's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Heritage Market Capitalization

The company currently falls under 'Small-Cap' category with current market capitalization of 711.02 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Heritage Commerce's market, we take the total number of its shares issued and multiply it by Heritage Commerce's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities.

Heritage Profitablity

Heritage Commerce's profitability indicators refer to fundamental financial ratios that showcase Heritage Commerce's ability to generate income relative to its revenue or operating costs. If, let's say, Heritage Commerce is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Heritage Commerce's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Heritage Commerce's profitability requires more research than a typical breakdown of Heritage Commerce's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Profit Margin (PM) of 28.47 %, which can signify that it executes well on its competitive strategies and has good control over its expenditures. This is very large. Similarly, it shows Operating Margin (OM) of 41.79 %, which suggests for every 100 dollars of sales, it generated a net operating income of 0.42.
Last ReportedProjected for 2021
Return on Average Assets 0.008  0.006474 
Return on Average Equity 0.06  0.05 
Return on Invested Capital 0.014  0.0129 
Return on Sales 0.35  0.38 

Management Efficiency

The entity has return on total asset (ROA) of 0.88 % which means that it generated profit of $0.88 on every $100 spent on asset. This is way below average. Similarly, it shows return on stockholders equity (ROE) of 7.4 %, meaning that it created $7.4 on every $100 dollars invested by stockholders. Heritage Commerce management efficiency ratios could be used to measure how well heritage commerce manages its routine affairs as well as how well it operates its assets and liabilities. The current Return on Sales is estimated to increase to 0.38, while Return on Average Assets are projected to decrease to 0.006474. The current Deposit Liabilities is estimated to decrease to about 3.3 B. The current Total Liabilities is estimated to decrease to about 3.4 B
Last ReportedProjected for 2021
Book Value per Share 9.64  9.49 
Enterprise Value over EBIT(8.00) (8.21) 
Enterprise Value over EBITDA(7.24) (7.43) 
Price to Book Value 0.92  1.24 
Tangible Assets Book Value per Share 74.27  75.92 
Enterprise Value-389.1 M-399.4 M
Tangible Asset Value4.4 B3.7 B

Technical Drivers

As of the 20th of October, Heritage Commerce retains the Market Risk Adjusted Performance of (0.038296), downside deviation of 1.53, and Risk Adjusted Performance of 0.0268. Heritage Commerce technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Simply put, you can use this information to find out if the firm will indeed mirror its model of historical price patterns, or the prices will eventually revert. We have analyzed nineteen technical drivers for Heritage Commerce, which can be compared to its competitors. Please check out Heritage Commerce variance, maximum drawdown, as well as the relationship between the Maximum Drawdown and semi variance to decide if Heritage Commerce is priced fairly, providing market reflects its last-minute price of 11.83 per share. Given that Heritage Commerce has jensen alpha of 0.0819, we strongly advise you to confirm Heritage Commerce's regular market performance to make sure the company can sustain itself at a future point.

Heritage Commerce Price Movement Analysis

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The output start index for this execution was one with a total number of output elements of sixty. The Extended Parabolic SAR indicator is used to determine the direction of Heritage Commerce's momentum and the point in time when it has higher than normal probability of directional change. It has more input parameters than standard Parabolic SAR indicator. View also all equity analysis or get more info about parabolic sar extended overlap studies indicator.

Heritage Commerce Insider Trading Activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Heritage Commerce insiders, such as employees or executives, is commonly permitted as long as it does not rely on Heritage Commerce's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Heritage Commerce insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.

Heritage Commerce Technical and Predictive Indicators

Heritage Commerce Forecast Models

Heritage Commerce time-series forecasting models is one of many Heritage Commerce's stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Heritage Commerce's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

About Heritage Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how Heritage Commerce stock is reacting to, or reflecting on a current stock market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Heritage shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas, a specific sector, or an individual stock such as Heritage Commerce. By using and applying Heritage Stock analysis, traders can create a robust methodology for identifying Heritage entry and exit points for their positions.
Last ReportedProjected for 2021
EBITDA Margin 0.39  0.42 
Gross Margin 0.90  0.89 
Profit Margin 0.26  0.28 
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 businessprofessional community in California. Heritage Commerce Corp was founded in 1994 and is headquartered in San Jose, California. Heritage Commerce operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 330 people.

Current Heritage Analysis - Recommendations

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Heritage analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Heritage analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target PriceAdvice# of Analysts
Heritage Commerce current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Heritage analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Heritage stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Heritage Commerce, talking to its executives and customers, or listening to Heritage conference calls.
Heritage Analyst Advice Details

Heritage Stock Analysis Indicators

Heritage Commerce stock analysis indicators help investors evaluate how Heritage Commerce stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Heritage Commerce shares will generate the highest return on investment. By understating and applying Heritage Commerce stock analysis, traders can identify Heritage Commerce position entry and exit signals to maximize returns.
Trailing Annual Dividend Rate0.52
Fifty Two Week Low6.88
Revenue Growth4.60%
Payout Ratio73.24%
Shares Short Prior Month1.48M
Average Daily Volume Last 10 Day84.9k
Average Daily Volume In Three Month174.31k
Earnings Growth-17.90%
Shares Percent Shares Out1.47%
Earnings Quarterly Growth-17.00%
Short Percent Of Float1.73%
Forward Price Earnings15.36
Float Shares57.65M
Fifty Two Week High12.65
Fifty Day Average11.40
Two Hundred Day Average11.56
Enterprise Value To Revenue-3.81
Trailing Annual Dividend Yield4.40%
Please check Risk vs Return Analysis. Note that the Heritage Commerce information on this page should be used as a complementary analysis to other Heritage Commerce's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.

Complementary Tools for Heritage Stock analysis

When running Heritage Commerce price analysis, check to measure Heritage Commerce's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Heritage Commerce is operating at the current time. Most of Heritage Commerce's value examination focuses on studying past and present price action to predict the probability of Heritage Commerce's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Heritage Commerce's price. Additionally, you may evaluate how the addition of Heritage Commerce to your portfolios can decrease your overall portfolio volatility.
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The market value of Heritage Commerce is measured differently than its book value, which is the value of Heritage that is recorded on the company's balance sheet. Investors also form their own opinion of Heritage Commerce's value that differs from its market value or its book value, called intrinsic value, which is Heritage Commerce's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Heritage Commerce's market value can be influenced by many factors that don't directly affect Heritage Commerce underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Heritage Commerce's value and its price as these two are different measures arrived at by different means. Investors typically determine Heritage Commerce value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Heritage Commerce's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.