Brean Capital Reiterates a Buy Rating on Heritage Commerce Corp (HTBK)
Brean Capital analyst Blair Brantley reiterated a Buy rating on Heritage Commerce Corp (HTBK) today. The company’s shares opened today at $13.59.
According to TipRanks.com, Brantley ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -3.9% and a 28.4% success rate. Brantley covers the Financial sector, focusing on stocks such as Carolina Financial Corporation, Patriot National Bancorp Inc, and Union Bankshares Corporation.
Currently, the analyst consensus on Heritage Commerce Corp is a Strong Buy with an average price target of $17.
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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 31 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. Last month, Laura Roden, a Director at HTBK bought 1,300 shares for a total of $8,307.
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.