Heritage Commerce (HTBK) Earning Somewhat Favorable Press Coverage, Report Shows
Media coverage about Heritage Commerce (NASDAQ:HTBK) has been trending somewhat positive on Thursday, Accern Sentiment reports. The research group identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Heritage Commerce earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 44.9604552896572 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern’s analysis:
- Heritage Commerce (HTBK) Downgraded by BidaskClub to “Sell” (americanbankingnews.com)
- ETFs with exposure to Heritage Commerce Corp. : December 25, 2017 (finance.yahoo.com)
- Heritage Commerce Corp. to Post FY2019 Earnings of $1.07 Per Share, DA Davidson Forecasts (HTBK) (americanbankingnews.com)
- Brean Capital Analysts Give Heritage Commerce (HTBK) a $18.00 Price Target (americanbankingnews.com)
- BRIEF-Heritage Commerce – Tri-Valley To Pay Termination Fee Of $1.5 Mln If Deal Is Terminated (HTBK) (markets.businessinsider.com)
Shares of Heritage Commerce (NASDAQ:HTBK) opened at $15.52 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.77 and a quick ratio of 0.76. The stock has a market capitalization of $595.71, a PE ratio of 20.16, a price-to-earnings-growth ratio of 1.93 and a beta of 0.50. Heritage Commerce has a 12-month low of $12.76 and a 12-month high of $16.63.
Heritage Commerce (NASDAQ:HTBK) last posted its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.01. The company had revenue of $28.78 million for the quarter, compared to analyst estimates of $28.70 million. Heritage Commerce had a return on equity of 11.15% and a net margin of 26.40%. equities research analysts expect that Heritage Commerce will post 0.8 earnings per share for the current fiscal year.
Several equities analysts recently issued reports on the company. Zacks Investment Research raised Heritage Commerce from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Tuesday, October 31st. BidaskClub lowered Heritage Commerce from a “hold” rating to a “sell” rating in a research report on Wednesday. ValuEngine lowered Heritage Commerce from a “buy” rating to a “hold” rating in a research report on Saturday, December 9th. Finally, Brean Capital reaffirmed a “buy” rating on shares of Heritage Commerce in a research report on Tuesday, December 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Heritage Commerce currently has an average rating of “Hold” and a consensus price target of $16.67.
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.
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