Brean Capital Sticks to Their Buy Rating for Heritage Commerce Corp (HTBK)

In a report released today, Blair Brantley from Brean Capital reiterated a Buy rating on Heritage Commerce Corp (HTBK). The company’s shares opened today at $12.80.

According to, Brantley ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -4.7% and a 25.0% success rate. Brantley covers the Financial sector, focusing on stocks such as Carolina Financial Corporation, Patriot National Bancorp Inc, and Community Bankers Trust Corp.

Heritage Commerce Corp has an analyst consensus of Strong Buy, with a price target consensus of $17.

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Based on Heritage Commerce Corp’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $12.38 million. In comparison, last year the company had a net profit of $1.38 million.

Based on the recent corporate insider activity of 28 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. Most recently, in November 2018, Jack Conner, a Director at HTBK bought 1,767 shares for a total of $13,880.

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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.

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