It’s been a crucial week for Heritage Commerce Corp (NASDAQ:HTBK); here’s what analysts have to say.

December 8, 2017 - By Michael Collier

 It's been a crucial week for Heritage Commerce Corp (NASDAQ:HTBK); here's what analysts have to say.
Investors sentiment increased to 1.68 in 2017 Q2. Its up 0.66, from 1.02 in 2017Q1. It is positive, as 12 investors sold Heritage Commerce Corp shares while 22 reduced holdings. 17 funds opened positions while 40 raised stakes. 25.94 million shares or 1.42% more from 25.58 million shares in 2017Q1 were reported.
Bessemer Gp accumulated 40,000 shares or 0% of the stock. Ameriprise stated it has 18,776 shares. 383,857 were accumulated by Northern. Winfield Associates Incorporated owns 2,392 shares or 0.02% of their US portfolio. Phocas Financial Corporation holds 494,648 shares or 0.7% of its portfolio. Amer International Gp stated it has 0% of its portfolio in Heritage Commerce Corp (NASDAQ:HTBK). Banc Funds Co reported 1.37 million shares. 11,178 are owned by Commercial Bank Of Montreal Can. Td Asset Mngmt Inc accumulated 44,169 shares. Pdts Partners Ltd Liability Corp has 0.02% invested in Heritage Commerce Corp (NASDAQ:HTBK). 323,809 are owned by Stieven Cap Advsrs Limited Partnership. Hilton Mgmt Ltd Liability Com owns 18,465 shares. Wells Fargo & Mn stated it has 36,069 shares or 0% of all its holdings. State Common Retirement Fund holds 0% of its portfolio in Heritage Commerce Corp (NASDAQ:HTBK) for 71,056 shares. Morgan Stanley invested 0% in Heritage Commerce Corp (NASDAQ:HTBK).

Heritage Commerce Corp (NASDAQ:HTBK) Ratings Coverage

Among 5 analysts covering Heritage Commerce (NASDAQ:HTBK), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. Heritage Commerce had 13 analyst reports since July 28, 2015 according to SRatingsIntel. Brean Capital maintained the shares of HTBK in report on Monday, October 30 with “Buy” rating. On Monday, September 28 the stock rating was downgraded by Sandler O’Neill to “Hold”. The stock of Heritage Commerce Corp (NASDAQ:HTBK) earned “Buy” rating by Brean Capital on Monday, October 23. The rating was initiated by Brean Capital with “Buy” on Tuesday, January 10. Keefe Bruyette & Woods downgraded the stock to “Mkt Perform” rating in Monday, January 30 report. The firm has “Buy” rating by Brean Capital given on Friday, July 28. Sandler O’Neill upgraded the stock to “Buy” rating in Monday, November 23 report. The rating was downgraded by FIG Partners on Tuesday, October 27 to “Market Perform”. The stock of Heritage Commerce Corp (NASDAQ:HTBK) earned “Buy” rating by Brean Capital on Friday, December 1. Below is a list of Heritage Commerce Corp (NASDAQ:HTBK) latest ratings and price target changes.

01/12/2017 Broker: Brean Capital Rating: Buy Maintain
30/10/2017 Broker: Brean Capital Rating: Buy Maintain
23/10/2017 Broker: Brean Capital Rating: Buy Maintain
28/07/2017 Broker: Brean Capital Rating: Buy New Target: $15.5000 Maintain

The stock decreased 0.25% or $0.04 during the last trading session, reaching $16.11. About 149,275 shares traded or 43.81% up from the average. Heritage Commerce Corp (NASDAQ:HTBK) has risen 32.65% since December 8, 2016 and is uptrending. It has outperformed by 15.95% the S&P500.

Heritage Commerce Corp operates as the bank holding firm for Heritage Bank of Commerce that provides various commercial and personal banking services to residents and the business/professional community in California. The company has market cap of $615.40 million. It offers a range of deposit products for business banking and retail markets, including checking accounts, savings accounts, demand deposits, money market accounts, and time deposits. It has a 20.68 P/E ratio. The firm also provides various loan products comprising commercial loans, such as operating secured and unsecured loans advanced for working capital, equipment purchases, and other business purposes; commercial real estate loans; commercial construction loans for rental properties, commercial buildings, and homes; home equity lines of credit; consumer loans consisting of loans for financing automobiles, various consumer goods, and other personal purposes; and small business administration loans.

More recent Heritage Commerce Corp (NASDAQ:HTBK) news were published by: Nasdaq.com which released: “Heritage Commerce Corp (HTBK) Ex-Dividend Date Scheduled for November 06, 2017” on November 03, 2017. Also Globenewswire.com published the news titled: “Heritage Commerce Corp Declares Quarterly Cash Dividend of $0.10 Per Share” on October 26, 2017. Globenewswire.com‘s news article titled: “Raymond James Awards Community Bankers Cup to Heritage Commerce Corp; Ranks as …” with publication date: June 07, 2017 was also an interesting one.

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