Heritage Commerce Corp (HTBK) Files 10-K for the Fiscal Year Ended on December 31, 2018

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Heritage Commerce Corp (HTBK) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. 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 $565.350 million; its shares were traded at around $13.06 with a P/E ratio of 15.76 and P/S ratio of 4.26. The dividend yield of Heritage Commerce Corp stocks is 3.45%.


For the last quarter Heritage Commerce Corp reported a revenue of $35.5 million, compared with the revenue of $29.01 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $131.6 million, an increase of 18.4% from last year. For the last five years Heritage Commerce Corp had an average revenue growth rate of 18.5% a year.

The reported diluted earnings per share was 84 cents for the year, an increase of 35.5% from previous year. Over the last five years Heritage Commerce Corp had an EPS growth rate of 18.1% 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 $30.3 million, compared with $31.7 million in the previous year. The long term debt was $39.4 million, compared with $39.2 million in the previous year. Heritage Commerce Corp has a financial strength rank of 4 (out of 10).

At the current stock price of $13.06, Heritage Commerce Corp is traded at 28.5% premium to its historical median P/S valuation band of $10.16. The P/S ratio of the stock is 4.26, while the historical median P/S ratio is 3.33. The stock lost 20.01% during the past 12 months.

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

This article first appeared on GuruFocus.


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