Heritage Commerce (HTBK) Earning Somewhat Favorable Press Coverage, Study Finds

News articles about Heritage Commerce (NASDAQ:HTBK) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies positive and negative news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Heritage Commerce earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 45.7995351174974 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the headlines that may have effected Accern Sentiment’s rankings:

A number of research analysts have commented on the stock. Brean Capital restated a “buy” rating on shares of Heritage Commerce in a research note on Tuesday, January 2nd. BidaskClub cut shares of Heritage Commerce from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. ValuEngine cut shares of Heritage Commerce from a “buy” rating to a “hold” rating in a research note on Saturday, December 9th. Zacks Investment Research cut shares of Heritage Commerce from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 17th. Finally, DA Davidson upgraded shares of Heritage Commerce from a “neutral” rating to a “buy” rating in a research report on Monday, February 12th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $18.25.

HTBK stock traded up $0.13 during trading on Monday, hitting $16.61. The company had a trading volume of 2,515 shares, compared to its average volume of 145,571. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.76 and a quick ratio of 0.76. Heritage Commerce has a 12 month low of $12.76 and a 12 month high of $17.28. The stock has a market capitalization of $630.62, a PE ratio of 20.60, a price-to-earnings-growth ratio of 1.62 and a beta of 0.58.

Heritage Commerce (NASDAQ:HTBK) last posted its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.01). Heritage Commerce had a return on equity of 11.46% and a net margin of 20.56%. The company had revenue of $29.01 million during the quarter, compared to the consensus estimate of $29.65 million. equities analysts expect that Heritage Commerce will post 1.02 earnings per share for the current fiscal year.

In related news, Director Jack W. Conner sold 24,500 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $15.47, for a total value of $379,015.00. Following the completion of the transaction, the director now owns 83,324 shares in the company, valued at approximately $1,289,022.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.69% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece was reported by WKRB News and is the property of of WKRB News. If you are accessing this piece on another site, it was copied illegally and republished in violation of United States and international copyright and trademark law. The original version of this piece can be accessed at https://www.wkrb13.com/2018/04/02/heritage-commerce-htbk-earning-somewhat-favorable-press-coverage-study-finds.html.

About Heritage Commerce

Heritage Commerce Corp is a bank holding company. The Company, through its subsidiary Heritage Bank of Commerce (the Bank), provides a range of banking services. The Bank is a California state-chartered multi-community independent bank that offers a range of commercial banking services to small and medium-sized businesses and their owners, managers and employees.

Insider Buying and Selling by Quarter for Heritage Commerce (NASDAQ:HTBK)

Receive News & Ratings for Heritage Commerce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heritage Commerce and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply