Heritage Commerce (NASDAQ:HTBK)‘s stock had its “buy” rating restated by equities researchers at Brean Capital in a report released on Tuesday.

Several other equities analysts have also recently commented on the stock. Zacks Investment Research cut shares of Heritage Commerce from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. BidaskClub cut shares of Heritage Commerce from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 22nd. Finally, ValuEngine cut shares of Heritage Commerce from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $16.00.

Heritage Commerce (HTBK) traded down $0.25 during trading on Tuesday, hitting $15.86. 39,055 shares of the company’s stock traded hands, compared to its average volume of 86,149. Heritage Commerce has a 1 year low of $12.76 and a 1 year high of $16.63. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 0.77. The company has a market cap of $615.40, a PE ratio of 20.92, a P/E/G ratio of 2.01 and a beta of 0.51.

Heritage Commerce (NASDAQ:HTBK) last posted its earnings results on Thursday, October 26th. The financial services provider reported $0.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.01. Heritage Commerce had a net margin of 26.40% and a return on equity of 11.15%. The firm had revenue of $28.78 million for the quarter, compared to analysts’ expectations of $28.70 million. sell-side analysts expect that Heritage Commerce will post 0.8 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. increased its stake in shares of Heritage Commerce by 1.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 16,613 shares of the financial services provider’s stock worth $234,000 after purchasing an additional 278 shares during the last quarter. John W. Rosenthal Capital Management Inc. increased its stake in shares of Heritage Commerce by 3.0% during the 2nd quarter. John W. Rosenthal Capital Management Inc. now owns 160,100 shares of the financial services provider’s stock worth $2,206,000 after purchasing an additional 4,700 shares during the last quarter. Alliancebernstein L.P. increased its stake in shares of Heritage Commerce by 79.7% during the 2nd quarter. Alliancebernstein L.P. now owns 24,126 shares of the financial services provider’s stock worth $332,000 after purchasing an additional 10,700 shares during the last quarter. Vanguard Group Inc. grew its stake in Heritage Commerce by 11.2% in the 2nd quarter. Vanguard Group Inc. now owns 1,550,961 shares of the financial services provider’s stock valued at $21,373,000 after buying an additional 155,957 shares in the last quarter. Finally, PDT Partners LLC purchased a new position in Heritage Commerce in the 2nd quarter valued at approximately $413,000. Institutional investors own 69.98% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by American Banking News and is owned by of American Banking News. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of United States & international trademark & copyright law. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/12/09/heritage-commerce-htbk-stock-rating-reaffirmed-by-brean-capital.html.

Heritage Commerce Company Profile

Heritage Commerce Corp is a bank holding company. The Company, through its subsidiary Heritage Bank of Commerce (the Bank), provides a range of banking services. The Bank is a California state-chartered multi-community independent bank that offers a range of commercial banking services to small and medium-sized businesses and their owners, managers and employees.

Receive News & Ratings for Heritage Commerce Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heritage Commerce Corp and related companies with MarketBeat.com's FREE daily email newsletter.