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Market Price

11.34 

-0.31 -2.7%

as of Aug 23 '19

52 Week Range:

10.84 16.10


Stock Analyzer Tutorials

S2O Stock Analyzer - General Info

General Info


type: video (mp4); length: 3:30

Demonstrates how to use Stock Analyzer, shows how to analyze a stock and explains in detail "General Info" section of the Stock Analyzer result page.

S2O Stock Analyzer - Financial Statements

Financial Statements


type: video (mp4); length: 5:10

Explains information presented in the Financial Statements section of the S2O Stock Analyzer: financial statements charts, absolute values and growth rates.

S2O Stock Analyzer - Growth Grade and Financial Ratios

Growth Grade and Financial Ratios


type: video (mp4); length: 5:09

Demonstrates how to use Growth Grade & Financial Ratios section; shows the difference between historical and year-over-year Growth Grade on the real life example.

S2O Stock Analyzer - Value Price

Value Price


type: video (mp4); length: 6:03

Demonstrates how to use Value Price (intrinsic value) and the Graham Number, MOS (margin of safety) and IRT - Investment Recovery Time; explains 3 different projection models used to compute value price - pessimistic, moderate and optimistic.

S2O Stock Analyzer - Price Charts

Price Charts


type: video (mp4); length: 8:34

Demonstrates basic rules of how to read a candlestick chart, long and short term moving averages, stochastic, MACD and relative strength (RS) charts. Explains how bull or bear market condition is computed.

General Info

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. It offers a range of deposit products for business banking and retail markets, including interest and non-interest bearing demand, savings accounts, certificate of deposit, money market accounts, and time deposits. The company also provides various loan products comprising 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; home equity lines of credit; consumer loans consisting of loans for financing automobiles, various consumer goods, and other personal purposes; and small business administration loans. In addition, it offers other banking services, including cashier's checks, bank-by-mail, ATMs, 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. The company provides its banking products and services through 14 full service branch offices in the southern and eastern regions of the general San Francisco Bay Area of California in the counties of Santa Clara, Alameda, Contra Costa, and San Benito. Heritage Commerce Corp was founded in 1997 and is based in San Jose, California.

Financial Statements

The charts below show selected Annual and Quarterly Financial Data.

The purpose of these charts is to discover long and short term change dynamics. When numbers are growing year after year in the annual statements chart, the business become stronger and stronger and this is a good sign.

Quarterly Data Chart can be used to do a short term analysis. It makes sense to pay attention to the quarterly dynamics and do not wait for the next yearly statement. We should be alerted if we see that quarterly numbers are going down.

You can check "Annual Financial Statements" and "Quarterly Financial Statements" sections for exact numbers and growth rates.

Annual Statements

On a charts below the Line shows absolute values and the Bar chart shows Year-Over-Year Growth Rate for selected financial statement item. A consistent GROWTH is generally considered necessary to fund future growth from within a business.
NOTE: Growth Rate is not provided if either the latest period or the year-ago period contains a net loss. (source: WSJ Digest of Earnings)
TIP! move your mouse pointer over bar or a circle on any chart below to see details.

Financial Statements

Income Statement



 

Cash Flow Statement



 

Balance Sheet



 

Liquidity Ratios

Current Ratio


 

Current Ratio measures the ability to meet short term obligations. Generally accepted standard is 2 (current assets should be 2 times or 200% of current liabilities).

Quick Ratio


 

Measures immediate liquidity or the cash available to cover immediate liabilities. A safe margin would be at least 1 (100%).

Financial Leverage


 

Defined as total assets divided by total shareholders' equity. The higher the ratio, the more debt a company uses in its capital structure.

Profitability Ratios

ROA


 

Return on Assets (ROA) measures the income (profit) that is generated by the use of the assets of the business.

ROE


 

Return on Equity (ROE) is a measure of profitability that calculates how many dollars of profit a company generates with each dollar of shareholders equity. ROE is sometimes called "return on net worth."

ROIC


 

The Return on Invested Capital (ROIC) measure gives a sense of how well a company is using its money to generate returns. Some investors use this figure as a final evaluation to determine whether or not to invest in a company.

Annual Statements

Item Name Dec '08 Dec '09 Dec '10 Dec '11 Dec '12 Dec '13 Dec '14 Dec '15 Dec '16 Dec '17 Dec '18
Equity (BVPS) 12.38
11.21
4.73
5.27
5.71
5.73
6.17
7.11
6.89
7.21
8.17
growth rate -9.5% -57.8% 11.4% 8.4% 0.4% 7.7% 15.2% -3.1% 4.6% 13.3%
Earnings BIT 0.38
-24.69
-61.62
10.54
14.20
16.49
21.09
26.62
43.98
51.70
growth rate -100.0% 0.0% 100.0% 34.7% 16.1% 27.9% 26.2% 65.2% 17.5%
Avg.PE 89.29
-4.50
-1.10
13.77
21.10
19.42
20.79
20.54
19.29
27.15
15.92
growth rate -100.0% 0.0% 100.0% 53.2% -8.0% 7.1% -1.2% -6.1% 40.8% -41.4%
ROA 0.11
-1.00
-4.46
0.71
0.58
0.70
0.80
0.69
1.00
0.88
1.19
growth rate -100.0% 0.0% 100.0% -18.3% 20.7% 14.3% -13.8% 44.9% -12.0% 35.2%
ROE 0.97
-10.30
-45.43
6.86
6.01
7.37
7.79
7.06
10.12
8.97
11.06
growth rate -100.0% 0.0% 100.0% -12.4% 22.6% 5.7% -9.4% 43.3% -11.4% 23.3%
ROIC 7.12
-1.80
-29.86
9.23
7.21
8.31
8.66
growth rate -100.0% 0.0% 100.0% -21.9% 15.3% 4.2%
Leverage 10.24
10.30
10.05
9.38
11.27
9.69
9.81
10.45
9.89
10.48
8.43
growth rate 0.6% -2.4% -6.7% 20.2% -14.0% 1.2% 6.5% -5.4% 6.0% -19.6%
Balance Sheet Dec '08 Dec '09 Dec '10 Dec '11 Dec '12 Dec '13 Dec '14 Dec '15 Dec '16 Dec '17 Dec '18
Acct.Receivable 41.03
35.11
34.90
1.48
1.37
1.07
0.97
0.57
growth rate -14.4% -0.6% -95.8% -7.7% -22.0% -9.3% -41.3%
Acct.Payable 35.23
34.92
32.02
1,388.39
2,062.78
2,262.14
2,482.99
2,637.53
growth rate -0.9% -8.3% 4,236.7% 48.6% 9.7% 9.8% 6.2%
Cur.Assets 130.80
358.16
279.96
328.59
177.36
growth rate 173.8% -21.8% 17.4% -46.0%
Total Assets 1,499.20
1,363.90
1,246.40
1,306.19
1,693.31
1,491.63
1,617.10
2,361.58
2,570.88
2,843.45
3,096.56
growth rate -9.0% -8.6% 4.8% 29.6% -11.9% 8.4% 46.0% 8.9% 10.6% 8.9%
Cash 30.00
45.50
72.20
463.25
803.68
499.06
122.40
344.09
266.10
316.22
156.26
growth rate 51.7% 58.7% 541.6% 73.5% -37.9% -75.5% 181.1% -22.7% 18.8% -50.6%
Inventory 0.70
0.36
0.23
growth rate -47.7% -37.1%
Cur.Liabilities 1,388.59
2,065.97
2,262.31
2,483.38
2,638.04
growth rate 48.8% 9.5% 9.8% 6.2%
Liabilities 1,315.00
1,191.60
1,064.20
1,108.36
1,523.57
1,318.24
1,432.75
2,116.14
2,311.03
2,572.21
2,729.10
growth rate -9.4% -10.7% 4.2% 37.5% -13.5% 8.7% 47.7% 9.2% 11.3% 6.1%
LT Debt 2,008.00
2,009.00
2,010.00
2,011.00
2,012.00
2,013.00
39.18
39.37
growth rate 0.1% 0.1% 0.1% 0.1% 0.1% -62.7% 0.5%
Equity 184.30
172.30
182.20
197.83
169.74
173.40
164.84
225.92
259.85
271.24
367.47
growth rate -6.5% 5.8% 8.6% -14.2% 2.2% -4.9% 37.1% 15.0% 4.4% 35.5%
Common Shares 12.00
12.00
16.00
26.00
26.00
26.00
27.00
29.00
34.00
39.00
42.00
growth rate 0.0% 33.3% 62.5% 0.0% 0.0% 3.9% 7.4% 17.2% 14.7% 7.7%
Cash Flow Statement Dec '08 Dec '09 Dec '10 Dec '11 Dec '12 Dec '13 Dec '14 Dec '15 Dec '16 Dec '17 Dec '18
Capital Expenditures 1.20
0.30
0.20
0.35
0.24
0.50
0.82
1.01
0.48
0.65
0.19
growth rate -75.0% -33.3% 74.5% -31.5% 109.2% 63.4% 23.3% -52.3% 35.2% -71.2%
Cash Dividends 3.80
1.70
0.00
4.67
0.37
1.92
5.76
10.74
13.63
15.24
18.46
growth rate -55.3% -100.0% -92.0% 413.7% 200.5% 86.5% 26.9% 11.8% 21.2%
Cash From OA 20.50
-2.04
15.90
21.44
16.04
16.26
19.38
28.49
25.90
41.36
48.57
growth rate -100.0% 100.0% 34.9% -25.2% 1.4% 19.2% 47.0% -9.1% 59.7% 17.4%
FCF per Share 1.60
-0.19
0.98
0.61
0.60
0.45
0.73
0.83
0.91
0.94
1.12
growth rate -100.0% 100.0% -37.8% -1.6% -25.0% 62.2% 13.7% 9.6% 3.3% 19.2%
Sale Purchase of Stock -39.96
-0.05
0.26
0.32
0.94
1.37
growth rate 0.0% 100.0% 20.2% 197.8% 45.8%
FCF 19.00
-2.00
16.00
21.00
16.00
16.00
19.00
27.00
25.00
41.00
48.00
growth rate -100.0% 100.0% 31.3% -23.8% 0.0% 18.8% 42.1% -7.4% 64.0% 17.1%
Income Statement Dec '08 Dec '09 Dec '10 Dec '11 Dec '12 Dec '13 Dec '14 Dec '15 Dec '16 Dec '17 Dec '18
Sales 58.30
54.00
53.30
60.45
61.43
60.00
65.19
85.27
100.49
111.04
123.80
growth rate -7.4% -1.3% 13.4% 1.6% -2.3% 8.6% 30.8% 17.8% 10.5% 11.5%
Op.Income 0.40
-24.70
-61.60
11.37
9.91
11.54
21.86
33.03
42.85
50.97
56.52
growth rate -100.0% 0.0% 100.0% -12.9% 16.5% 89.4% 51.1% 29.7% 19.0% 10.9%
IBT 0.38
-24.69
-61.62
10.54
15.40
17.75
20.97
26.60
43.97
50.30
48.66
growth rate -100.0% 0.0% 100.0% 46.1% 15.3% 18.1% 26.9% 65.3% 14.4% -3.3%
Net Income 1.80
-12.00
-55.90
11.37
9.91
11.54
13.43
16.50
27.38
23.83
35.33
growth rate -100.0% 0.0% 100.0% -12.9% 16.5% 16.4% 22.9% 66.0% -13.0% 48.3%
EPS 0.13
-1.21
-3.64
0.28
0.27
0.36
0.42
0.48
0.72
0.62
0.84
growth rate -100.0% 0.0% 100.0% -3.6% 33.3% 16.7% 14.3% 50.0% -13.9% 35.5%
Gross Profit 65.19
85.27
100.49
111.04
123.80
growth rate 30.8% 17.8% 10.5% 11.5%

Quarterly Statements

Item Name Jun '18 Sep '18 Dec '18 Mar '19 Jun '19
Earnings BIT
growth rate
Balance Sheet Jun '18 Sep '18 Dec '18 Mar '19 Jun '19
Acct.Receivable 0.57
0.57
0.57
growth rate 0.5% 0.2%
Acct.Payable 2,683.62
2,745.30
2,637.53
2,640.24
2,622.47
growth rate 2.3% -3.9% 0.1% -0.7%
Cur.Assets 238.48
396.59
177.36
247.78
291.03
growth rate 66.3% -55.3% 39.7% 17.5%
Total Assets 3,123.21
3,192.91
3,096.56
3,115.88
3,108.03
growth rate 2.2% -3.0% 0.6% -0.3%
Cash 223.79
381.03
156.26
234.98
276.01
growth rate 70.3% -59.0% 50.4% 17.5%
Inventory
growth rate
Cur.Liabilities 2,684.05
2,746.34
2,638.04
2,641.39
2,623.14
growth rate 2.3% -3.9% 0.1% -0.7%
Liabilities 2,776.94
2,839.34
2,729.10
2,737.36
2,719.92
growth rate 2.3% -3.9% 0.3% -0.6%
LT Debt 39.28
39.32
39.37
39.41
39.46
growth rate 0.1% 0.1% 0.1% 0.1%
Equity 346.27
353.57
367.47
378.52
388.11
growth rate 2.1% 3.9% 3.0% 2.5%
Common Shares 299.22
300.21
300.84
301.55
302.31
growth rate 0.3% 0.2% 0.2% 0.3%
Cash Flow Statement Jun '18 Sep '18 Dec '18 Mar '19 Jun '19
Capital Expenditures -0.01
0.08
0.08
0.05
0.19
growth rate 100.0% 4.0% -38.0% 287.8%
Cash Dividends 4.74
4.76
4.76
5.20
5.20
growth rate 0.3% 0.1% 9.2% 0.1%
Cash From OA 4.24
16.88
15.01
13.01
4.60
growth rate 298.1% -11.1% -13.4% -64.7%
Sale Purchase of Stock
growth rate
FCF 4.23
16.81
14.94
12.96
4.41
growth rate 297.6% -11.1% -13.2% -66.0%
Income Statement Jun '18 Sep '18 Dec '18 Mar '19 Jun '19
Sales 25.37
35.08
35.31
34.57
34.42
growth rate 38.3% 0.7% -2.1% -0.4%
Op.Income 7.80
17.55
18.51
16.65
16.52
growth rate 125.1% 5.5% -10.0% -0.8%
IBT 0.88
17.35
18.37
16.65
15.98
growth rate 1,863.1% 5.9% -9.4% -4.1%
Net Income 0.92
12.38
13.23
12.15
11.35
growth rate 1,252.5% 6.9% -8.2% -6.5%
EPS
growth rate
Gross Profit 25.37
35.08
35.31
34.57
34.42
growth rate 38.3% 0.7% -2.1% -0.4%
R&D
growth rate

Growth Grade & Financial Ratios

All financial ratios below are calculated based on latest annual statements available and present the most up to date snapshot of a company finances.

Growth Grade

Historical Growth Grade:

A (85.88)

YOY Growth Grade:

D (42.42)

Click on buttons above for detailed yearly growth rates.

Market Ratios

Profitability Ratios

Liquidity Ratios

Efficiency Ratios

Value Price

PE and EPS

Historical Current Forward
PE 14.15 12.70 10.45
EPS / Growth 23.4% 0.89 10.0%

Value Price & Investment Recovery Time

Read more about Stock2Own value price in Stock Market: Fundamental Analysis.

Equity Growth Rate: 15.9%

Estimates Pessimistic Moderate Optimistic My Numbers
Rate of Return 15.0%
MOS Price % 50 %
Future EPS Growth 10.0% 16.4% 16.4%
Future PE 10.45 19.15 19.15
Future EPS 2.32 4.08 4.08
Value Price
MOS %
5.98
-47.3%
19.33
70.5%
19.33
70.5%
MOS Price 2.99 9.66 9.66
IRT 8.05 6.74 6.74

Graham Number:

NOTE: The Graham Number applies only to certain types of stocks in combination with a number of other criteria.

Read more about Graham Number in Stock Market: Fundamental Analysis.

Price Chart

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Risk / Reward Ratios

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