Heritage Commerce Corp. Reaches New 12-Month High at $8.50 (HTBK)
Heritage Commerce Corp. (NASDAQ:HTBK) set a new 52-week high on Friday, AR Network reports. The company traded as high as $8.50 and last traded at $8.45, with a volume of 14,559 shares. The stock had previously closed at $8.29.
HTBK has been the subject of a number of recent research reports. Analysts at Thomson Reuters/Verus upgraded shares of Heritage Commerce Corp. from a “hold” rating to a “buy” rating in a research note to investors on Monday, December 16th. Separately, analysts at Raymond James upgraded shares of Heritage Commerce Corp. from a “market perform” rating to an “outperform” rating in a research note to investors on Monday, November 4th. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of Heritage Commerce Corp. from $7.50 to $8.00 in a research note to investors on Monday, October 28th. They now have a “market perform” rating on the stock.
Heritage Commerce Corp. has a one year low of $6.32 and a one year high of $8.49. The stock’s 50-day moving average is $7.96 and its 200-day moving average is $7.4. The company has a market cap of $220.8 million and a price-to-earnings ratio of 24.38.
Heritage Commerce Corp (NASDAQ:HTBK) is a bank holding company for its wholly owned subsidiary, Heritage Bank of Commerce (HBC or the Bank).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.