Brean Capital analyst Blair Brantley reiterated a Buy rating on Heritage Commerce Corp (NASDAQ: HTBK) today. The company’s shares opened today at $14.57.
According to TipRanks.com, Brantley is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -4.1% and a 27.0% 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.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Heritage Commerce Corp with a $20 average price target.
See today’s analyst top recommended stocks >>
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 $8.58 million.
Based on the recent corporate insider activity of 19 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.
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.
