Brean Capital Reaffirms Their Buy Rating on Heritage Commerce Corp (HTBK)
Brean Capital analyst Blair Brantley reiterated a Buy rating on Heritage Commerce Corp (HTBK) yesterday. The company’s shares opened today at $14.30.
According to TipRanks.com, Brantley is a 1-star analyst with an average return of -0.7% and a 36.6% success rate. Brantley covers the Financial sector, focusing on stocks such as Carolina Financial Corporation, Union Bankshares Corporation, and Community Bankers Trust Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Heritage Commerce Corp.
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Based on Heritage Commerce Corp’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $13.23 million. In comparison, last year the company had a net profit of $1.38 million.
Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HTBK in relation to earlier this year. Earlier this month, Robert Moles, a Director at HTBK bought 3,500 shares for a total of $26,005.
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Heritage Commerce Corp. is a holding company which provides banking services through their subsidiary. It operates through the Banking and Factoring segments. The Banking segment includes holding company’s results of operations. The Factoring segment focuses on factoring originated by bay view funding.