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GABC - Heritage Commerce Corp.: Rewarding Shareholders In The Silicon Valley
German American Bancorp Inc.
I am always on the hunt for the next undervalued dividend bank stock. I don't venture off the mid-west too often, but when and if I do, it must be for good reason. I decided to head down to the West-Coast for today's analysis and what better community bank to start than Heritage Commerce Corp. (HTBK). They are based in the Silicon Valley and have exploded from a $2 billion bank (total assets), to now over $4 billion, in just a few years.
HTBK loves to go through mergers. In fact, they have