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Heritage Commerce Corp is currently in a long term uptrend where the price is trading 7.7% above its 200 day moving average.
From a valuation standpoint, the stock is 47.0% cheaper than other stocks from the Financial Services sector with a price to sales ratio of 4.8.
Heritage Commerce Corp's total revenue sank by 12.9% to $36M since the same quarter in the previous year.
Its net income has increased by 104.5% to $12M since the same quarter in the previous year.
Finally, its free cash flow grew by 33.1% to $23M since the same quarter in the previous year.
Based on the above factors, Heritage Commerce Corp gets an overall score of 4/5.
| ISIN | US4269271098 |
|---|---|
| CurrencyCode | USD |
| Exchange | NASDAQ |
| Industry | Banks-Regional |
| Sector | Financial Services |
| PE Ratio | 7.41 |
|---|---|
| Target Price | 12.08 |
| Dividend Yield | 6.2% |
| Beta | 0.96 |
| Market Cap | 492M |
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 business/professional community in California. Its deposit products for business banking and retail markets include interest and non-interest-bearing demand, savings, and money market accounts, as well as certificates of deposit and time deposits. The company's loan portfolio comprises commercial loans, such as operating secured and unsecured loans advanced for working capital, equipment purchases, and other business purposes; commercial real estate loans; commercial construction loans for rental properties, commercial buildings, and homes; small business administration loans; home equity lines of credit; multifamily loans on residential properties; residential mortgage loans; and consumer loans consisting of loans for financing automobiles, various consumer goods, and other personal purposes. In addition, it offers other banking services, including cashier's checks, bank by mail, night depositories, safe deposit boxes, direct deposit, automated payroll, electronic funds transfer, online bill pay, homeowner association, remote deposit capture, automated clearing house origination, electronic data interchange, and check imaging services, as well as other customary banking, factoring financing, and electronic banking services. Heritage Commerce Corp was founded in 1994 and is headquartered in San Jose, California.
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