Brean Capital analyst Blair Brantley reiterated a Buy rating on Heritage Commerce Corp (NASDAQ: HTBK) on May 11. The company’s shares opened today at $16.73, close to its 52-week high of $17.28.
According to TipRanks.com, Brantley is a 4-star analyst with an average return of 7.6% and a 82.5% success rate. Brantley covers the Financial sector, focusing on stocks such as Union First Market Bankshares Corp, Carolina Financial Corporation, and Patriot National Bancorp Inc.
Currently, the analyst consensus on Heritage Commerce Corp is Strong Buy and the average price target is $19, representing a 13.6% upside.
In a report issued on April 30, D.A. Davidson also maintained a Buy rating on the stock with a $19 price target.
See today’s analyst top recommended stocks >>
Heritage Commerce Corp’s market cap is currently $643.7M and has a P/E ratio of 24.60. The company has a Price to Book ratio of 2.36.
Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is neutral on the stock. Earlier this month, Michael Eugene Benito, the EVP of HTBK bought 7,000 shares for a total of $112,000.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
