Heritage Commerce Corp (HTBK) Receives a Buy from Brean Capital
In a report issued on February 8, Blair Brantley from Brean Capital reiterated a Buy rating on Heritage Commerce Corp (HTBK). The company’s shares opened today at $13.40.
According to TipRanks.com, Brantley is a 1-star analyst with an average return of -2.9% and a 32.5% success rate. Brantley covers the Financial sector, focusing on stocks such as Carolina Financial Corporation, Union Bankshares Corporation, and Patriot National Bancorp Inc.
Heritage Commerce Corp has an analyst consensus of Strong Buy, with a price target consensus of $17.
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Heritage Commerce Corp’s market cap is currently $576.2M and has a P/E ratio of 15.98. The company has a Price to Book ratio of 1.57.
Based on the recent corporate insider activity of 32 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, Michael Eugene Benito, the EVP of HTBK bought 4,500 shares for a total of $33,435.
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.