HERITAGE COMMERCE CORP (HTBK) Fundamental Analysis & Valuation

NASDAQ:HTBK • US4269271098

12.13 USD
-0.04 (-0.33%)
At close: Mar 13, 2026
12.13 USD
0 (0%)
After Hours: 3/13/2026, 4:10:09 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This HTBK fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

3

Taking everything into account, HTBK scores 3 out of 10 in our fundamental rating. HTBK was compared to 381 industry peers in the Banks industry. Both the profitability and financial health of HTBK have multiple concerns. HTBK is quite expensive at the moment. It does show a decent growth rate. HTBK also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

2

1. HTBK Profitability Analysis

1.1 Basic Checks

  • In the past year HTBK was profitable.
  • HTBK had a positive operating cash flow in the past year.
  • Of the past 5 years HTBK 4 years were profitable.
  • HTBK had a positive operating cash flow in 4 of the past 5 years.
HTBK Yearly Net Income VS EBIT VS OCF VS FCFHTBK Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 0.77%, HTBK is doing worse than 63.78% of the companies in the same industry.
  • The Return On Equity of HTBK (6.19%) is worse than 73.49% of its industry peers.
Industry RankSector 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
HTBK Yearly ROA, ROE, ROICHTBK Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

1.3 Margins

  • Looking at the Profit Margin, with a value of 22.78%, HTBK is in line with its industry, outperforming 40.68% of the companies in the same industry.
  • HTBK's Profit Margin has declined in the last couple of years.
  • The Operating Margin and Gross Margin are not available for HTBK so they could not be analyzed.
Industry RankSector 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
HTBK Yearly Profit, Operating, Gross MarginsHTBK Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. HTBK Health Analysis

2.1 Basic Checks

  • HTBK does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • HTBK has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
HTBK Yearly Shares OutstandingHTBK Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M
HTBK Yearly Total Debt VS Total AssetsHTBK Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B 5B

2.2 Solvency

  • The Debt to FCF ratio of HTBK is 0.70, which is an excellent value as it means it would take HTBK, only 0.70 years of fcf income to pay off all of its debts.
  • HTBK has a Debt to FCF ratio of 0.70. This is in the better half of the industry: HTBK outperforms 76.12% of its industry peers.
  • HTBK has a Debt/Equity ratio of 0.06. This is a healthy value indicating a solid balance between debt and equity.
  • The Debt to Equity ratio of HTBK (0.06) is better than 78.74% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.06
Debt/FCF 0.7
Altman-Z N/A
ROIC/WACCN/A
WACC15.4%
HTBK Yearly LT Debt VS Equity VS FCFHTBK Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
HTBK Yearly Current Assets VS Current LiabilitesHTBK Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. HTBK Growth Analysis

3.1 Past

  • HTBK shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 34.85%, which is quite impressive.
  • The Earnings Per Share has been growing slightly by 3.76% on average over the past years.
EPS 1Y (TTM)34.85%
EPS 3Y-6.53%
EPS 5Y3.76%
EPS Q2Q%47.06%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%14.12%

3.2 Future

  • The Earnings Per Share is expected to grow by 10.23% on average over the next years. This is quite good.
  • The Revenue is expected to grow by 7.09% on average over the next years.
EPS Next Y13.08%
EPS Next 2Y10.23%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year8.69%
Revenue Next 2Y7.09%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
HTBK Yearly Revenue VS EstimatesHTBK Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 50M 100M 150M 200M
HTBK Yearly EPS VS EstimatesHTBK Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0.2 0.4 0.6 0.8 1

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3

4. HTBK Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 13.63, the valuation of HTBK can be described as correct.
  • 67.45% of the companies in the same industry are cheaper than HTBK, based on the Price/Earnings ratio.
  • HTBK is valuated rather cheaply when we compare the Price/Earnings ratio to 25.71, which is the current average of the S&P500 Index.
  • HTBK is valuated correctly with a Price/Forward Earnings ratio of 12.05.
  • 67.72% of the companies in the same industry are cheaper than HTBK, based on the Price/Forward Earnings ratio.
  • When comparing the Price/Forward Earnings ratio of HTBK to the average of the S&P500 Index (23.82), we can say HTBK is valued slightly cheaper.
Industry RankSector Rank
PE 13.63
Fwd PE 12.05
HTBK Price Earnings VS Forward Price EarningsHTBK Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • HTBK's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 13.06
EV/EBITDA N/A
HTBK Per share dataHTBK EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.04
PEG (5Y)3.62
EPS Next 2Y10.23%
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

8

5. HTBK Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 4.28%, HTBK is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 2.86, HTBK pays a better dividend. On top of this HTBK pays more dividend than 83.20% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.82, HTBK pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.28%

5.2 History

  • The dividend of HTBK has a limited annual growth rate of 3.29%.
  • HTBK has been paying a dividend for at least 10 years, so it has a reliable track record.
  • HTBK has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)3.29%
Div Incr Years0
Div Non Decr Years11
HTBK Yearly Dividends per shareHTBK Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.1 0.2 0.3 0.4 0.5

5.3 Sustainability

  • 73.66% of the earnings are spent on dividend by HTBK. This is not a sustainable payout ratio.
  • The dividend of HTBK is growing, but earnings are growing more, so the dividend growth is sustainable.
DP73.66%
EPS Next 2Y10.23%
EPS Next 3YN/A
HTBK Yearly Income VS Free CF VS DividendHTBK Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M
HTBK Dividend Payout.HTBK Dividend Payout, showing the Payout Ratio.HTBK Dividend Payout.PayoutRetained Earnings

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HTBK Fundamentals: All Metrics, Ratios and Statistics

HERITAGE COMMERCE CORP

NASDAQ:HTBK (3/13/2026, 4:10:09 PM)

After market: 12.13 0 (0%)

12.13

-0.04 (-0.33%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)03-09
Earnings (Next)04-22
Inst Owners81.66%
Inst Owner Change2.41%
Ins Owners1.52%
Ins Owner Change3.55%
Market Cap746.72M
Revenue(TTM)N/A
Net Income(TTM)43.33M
Analysts76.67
Price Target13.67 (12.7%)
Short Float %2.01%
Short Ratio1.27
Dividend
Industry RankSector Rank
Dividend Yield 4.28%
Yearly Dividend0.52
Dividend Growth(5Y)3.29%
DP73.66%
Div Incr Years0
Div Non Decr Years11
Ex-Date02-05
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)13.24%
EPS NQ rev (1m)4.19%
EPS NQ rev (3m)5.57%
EPS NY rev (1m)0.7%
EPS NY rev (3m)0.98%
Revenue NQ rev (1m)1.07%
Revenue NQ rev (3m)2.09%
Revenue NY rev (1m)0.38%
Revenue NY rev (3m)0.72%
Valuation
Industry RankSector Rank
PE 13.63
Fwd PE 12.05
P/S 3.93
P/FCF 13.06
P/OCF 12.98
P/B 1.07
P/tB 1.42
EV/EBITDA N/A
EPS(TTM)0.89
EY7.34%
EPS(NY)1.01
Fwd EY8.3%
FCF(TTM)0.93
FCFY7.65%
OCF(TTM)0.93
OCFY7.7%
SpS3.09
BVpS11.37
TBVpS8.57
PEG (NY)1.04
PEG (5Y)3.62
Graham Number15.09
Profitability
Industry RankSector 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 RankSector 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
WACC15.4%
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)34.85%
EPS 3Y-6.53%
EPS 5Y3.76%
EPS Q2Q%47.06%
EPS Next Y13.08%
EPS Next 2Y10.23%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%14.12%
Revenue Next Year8.69%
Revenue Next 2Y7.09%
Revenue Next 3YN/A
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 3 / 10 to HTBK.


What is the valuation status for HTBK stock?

ChartMill assigns a valuation rating of 3 / 10 to HERITAGE COMMERCE CORP (HTBK). This can be considered as Overvalued.


Can you provide the profitability details for HERITAGE COMMERCE CORP?

HERITAGE COMMERCE CORP (HTBK) has a profitability rating of 2 / 10.


How financially healthy is HERITAGE COMMERCE CORP?

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%.