12.04 USD
+0.04 (+0.33%)
12.04 USD
0 (0%)
We assign a fundamental rating of 4 out of 10 to HTBK. HTBK was compared to 385 industry peers in the Banks industry. HTBK has a bad profitability rating. Also its financial health evaluation is rather negative. HTBK has a decent growth rate and is not valued too expensively. HTBK also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year HTBK was profitable.
In the past year HTBK had a positive cash flow from operations.
HTBK had positive earnings in each of the past 5 years.
HTBK had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 0.77%, HTBK is doing worse than 61.14% of the companies in the same industry.
HTBK's Return On Equity of 6.19% is on the low side compared to the rest of the industry. HTBK is outperformed by 71.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.77% | ||
| ROE | 6.19% | ||
| ROIC | N/A |
ROA(3y)1.08%
ROA(5y)0.98%
ROE(3y)8.66%
ROE(5y)8.01%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
With a Profit Margin value of 22.78%, HTBK perfoms like the industry average, outperforming 42.75% of the companies in the same industry.
HTBK's Profit Margin has declined in the last couple of years.
HTBK does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 22.78% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-8.43%
PM growth 5Y-3.79%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
HTBK does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, HTBK has more shares outstanding
Compared to 5 years ago, HTBK has more shares outstanding
HTBK has a better debt/assets ratio than last year.
2.2 Solvency
HTBK has a debt to FCF ratio of 0.70. This is a very positive value and a sign of high solvency as it would only need 0.70 years to pay back of all of its debts.
HTBK's Debt to FCF ratio of 0.70 is fine compared to the rest of the industry. HTBK outperforms 75.65% of its industry peers.
A Debt/Equity ratio of 0.06 indicates that HTBK is not too dependend on debt financing.
The Debt to Equity ratio of HTBK (0.06) is better than 78.76% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.06 | ||
| Debt/FCF | 0.7 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC15.47%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
HTBK shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 14.08%, which is quite good.
Measured over the past years, HTBK shows a decrease in Earnings Per Share. The EPS has been decreasing by -6.01% on average per year.
HTBK shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.71%.
HTBK shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.96% yearly.
EPS 1Y (TTM)14.08%
EPS 3Y-6.21%
EPS 5Y-6.01%
EPS Q2Q%41.18%
Revenue 1Y (TTM)11.71%
Revenue growth 3Y3.43%
Revenue growth 5Y3.96%
Sales Q2Q%17.22%
3.2 Future
HTBK is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 16.90% yearly.
Based on estimates for the next years, HTBK will show a quite strong growth in Revenue. The Revenue will grow by 10.45% on average per year.
EPS Next Y34.79%
EPS Next 2Y21.43%
EPS Next 3Y16.9%
EPS Next 5YN/A
Revenue Next Year17.27%
Revenue Next 2Y12.34%
Revenue Next 3Y10.45%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 14.86, which indicates a correct valuation of HTBK.
Compared to the rest of the industry, the Price/Earnings ratio of HTBK indicates a slightly more expensive valuation: HTBK is more expensive than 64.77% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of HTBK to the average of the S&P500 Index (26.56), we can say HTBK is valued slightly cheaper.
Based on the Price/Forward Earnings ratio of 12.37, the valuation of HTBK can be described as correct.
HTBK's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. HTBK is more expensive than 63.99% of the companies in the same industry.
HTBK is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.79, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.86 | ||
| Fwd PE | 12.37 |
4.2 Price Multiples
HTBK's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.91 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as HTBK's earnings are expected to grow with 16.90% in the coming years.
PEG (NY)0.43
PEG (5Y)N/A
EPS Next 2Y21.43%
EPS Next 3Y16.9%
5. Dividend
5.1 Amount
HTBK has a Yearly Dividend Yield of 4.33%, which is a nice return.
HTBK's Dividend Yield is rather good when compared to the industry average which is at 2.70. HTBK pays more dividend than 86.27% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 1.87, HTBK pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.33% |
5.2 History
The dividend of HTBK has a limited annual growth rate of 3.29%.
HTBK has paid a dividend for at least 10 years, which is a reliable track record.
HTBK has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)3.29%
Div Incr Years0
Div Non Decr Years11
5.3 Sustainability
HTBK pays out 73.66% of its income as dividend. This is not a sustainable payout ratio.
HTBK's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP73.66%
EPS Next 2Y21.43%
EPS Next 3Y16.9%
12.04
+0.04 (+0.33%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners80.48%
Inst Owner Change0.79%
Ins Owners2.13%
Ins Owner Change2.72%
Market Cap737.81M
Revenue(TTM)190.21M
Net Income(TTM)43.33M
Analysts85
Price Target12.07 (0.25%)
Short Float %1.54%
Short Ratio2.46
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.33% |
Yearly Dividend0.52
Dividend Growth(5Y)3.29%
DP73.66%
Div Incr Years0
Div Non Decr Years11
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)10.2%
Min EPS beat(2)8.36%
Max EPS beat(2)12.04%
EPS beat(4)3
Avg EPS beat(4)5.48%
Min EPS beat(4)-1.96%
Max EPS beat(4)12.04%
EPS beat(8)3
Avg EPS beat(8)-2.04%
EPS beat(12)3
Avg EPS beat(12)-2.34%
EPS beat(16)7
Avg EPS beat(16)-1.15%
Revenue beat(2)0
Avg Revenue beat(2)-3.47%
Min Revenue beat(2)-3.94%
Max Revenue beat(2)-2.99%
Revenue beat(4)1
Avg Revenue beat(4)-1.64%
Min Revenue beat(4)-4%
Max Revenue beat(4)4.36%
Revenue beat(8)1
Avg Revenue beat(8)-3.96%
Revenue beat(12)2
Avg Revenue beat(12)-3.42%
Revenue beat(16)6
Avg Revenue beat(16)-1.29%
PT rev (1m)0%
PT rev (3m)7.58%
EPS NQ rev (1m)2.91%
EPS NQ rev (3m)11.17%
EPS NY rev (1m)3.36%
EPS NY rev (3m)7.15%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)3.51%
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.5%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.86 | ||
| Fwd PE | 12.37 | ||
| P/S | 3.88 | ||
| P/FCF | 12.91 | ||
| P/OCF | 12.83 | ||
| P/B | 1.05 | ||
| P/tB | 1.4 | ||
| EV/EBITDA | N/A |
EPS(TTM)0.81
EY6.73%
EPS(NY)0.97
Fwd EY8.08%
FCF(TTM)0.93
FCFY7.75%
OCF(TTM)0.94
OCFY7.8%
SpS3.1
BVpS11.42
TBVpS8.6
PEG (NY)0.43
PEG (5Y)N/A
Graham Number14.43
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.77% | ||
| ROE | 6.19% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 22.78% | ||
| GM | N/A | ||
| FCFM | 30.05% |
ROA(3y)1.08%
ROA(5y)0.98%
ROE(3y)8.66%
ROE(5y)8.01%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-8.43%
PM growth 5Y-3.79%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.06 | ||
| Debt/FCF | 0.7 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 11.3% | ||
| Cap/Sales | 0.19% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 131.9% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score7
WACC15.47%
ROIC/WACCN/A
Cap/Depr(3y)38.07%
Cap/Depr(5y)37.52%
Cap/Sales(3y)0.74%
Cap/Sales(5y)0.89%
Profit Quality(3y)102.19%
Profit Quality(5y)115.72%
High Growth Momentum
Growth
EPS 1Y (TTM)14.08%
EPS 3Y-6.21%
EPS 5Y-6.01%
EPS Q2Q%41.18%
EPS Next Y34.79%
EPS Next 2Y21.43%
EPS Next 3Y16.9%
EPS Next 5YN/A
Revenue 1Y (TTM)11.71%
Revenue growth 3Y3.43%
Revenue growth 5Y3.96%
Sales Q2Q%17.22%
Revenue Next Year17.27%
Revenue Next 2Y12.34%
Revenue Next 3Y10.45%
Revenue Next 5YN/A
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-44.7%
FCF growth 3Y-12.94%
FCF growth 5Y-5.72%
OCF growth 1Y-45.08%
OCF growth 3Y-11.83%
OCF growth 5Y-4.99%
HERITAGE COMMERCE CORP / HTBK FAQ
Can you provide the ChartMill fundamental rating for HERITAGE COMMERCE CORP?
ChartMill assigns a fundamental rating of 4 / 10 to HTBK.
What is the valuation status of HERITAGE COMMERCE CORP (HTBK) stock?
ChartMill assigns a valuation rating of 4 / 10 to HERITAGE COMMERCE CORP (HTBK). This can be considered as Fairly Valued.
Can you provide the profitability details for HERITAGE COMMERCE CORP?
HERITAGE COMMERCE CORP (HTBK) has a profitability rating of 2 / 10.
Can you provide the financial health for HTBK stock?
The financial health rating of HERITAGE COMMERCE CORP (HTBK) is 3 / 10.
How sustainable is the dividend of HERITAGE COMMERCE CORP (HTBK) stock?
The dividend rating of HERITAGE COMMERCE CORP (HTBK) is 8 / 10 and the dividend payout ratio is 73.66%.