1 day Ago By Defense World Staff
Heritage Commerce ( NASDAQ:HTBK – Get Free Report ) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Monday. A number of other research analysts also recently issued reports on HTBK.
Keefe, Bruyette & Woods boosted their price objective on Heritage Commerce from $10.50 to $11.50 and gave the company an “outperform” rating in a research note on Friday, July 26th.
Piper Sandler raised their price objective on shares of Heritage Commerce from $10.00 to $12.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th.
View Our Latest Research Report on HTBK Heritage Commerce Price Performance Heritage Commerce ( NASDAQ:HTBK – Get Free Report ) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.
17. Heritage Commerce had a net margin of 17.61% and a return on equity of 6.
37%. The firm had revenue of $63.68 million during the quarter, compared to analyst estimates of $43.
14 million. As a group, equities research analysts anticipate that Heritage Commerce will post 0.66 earnings per share for the current year.
Hedge Funds Weigh In On Heritage Commerce Several large investors have recently added to or reduced their stakes in HTBK. Wellington Management Group LLP bought a new position in shares of Heritage Commerce in the third quarter valued at approximately $20,093,000. Assenagon Asset Management S.
A. lifted its stake in Heritage Commerce by 830.2% during the 2nd quarter.
Assenagon Asset Management S.A. now owns 1,024,377 shares of the financial services provider’s stock valued at $8,912,000 after acquiring an additional 914,249 shares in the last quarter.
American Century Companies Inc. boosted its holdings in Heritage Commerce by 21.2% during the 2nd quarter.
American Century Companies Inc. now owns 921,389 shares of the financial services provider’s stock worth $8,016,000 after acquiring an additional 160,977 shares during the last quarter. EJF Capital LLC bought a new stake in shares of Heritage Commerce in the 1st quarter worth $1,321,000.
Finally, AQR Capital Management LLC raised its holdings in shares of Heritage Commerce by 32.5% in the second quarter. AQR Capital Management LLC now owns 544,471 shares of the financial services provider’s stock valued at $4,737,000 after purchasing an additional 133,514 shares during the last quarter.
Institutional investors own 75.55% of the company’s stock. Heritage Commerce Company Profile ( Get Free Report ) Heritage Commerce Corp operates as the bank holding company for Heritage Bank of Commerce that provides various commercial and personal banking services to residents and the business/professional community in California.
Its deposit products for business banking and retail markets include interest and non-interest-bearing demand, savings, and money market accounts, as well as certificates of deposit and time deposits. Featured Stories Five stocks we like better than Heritage Commerce How to Start Investing in Real Estate Super Micro Computer Soars 28%: Is It Really Out of the Woods? What is the NASDAQ Stock Exchange? Traders Are Flocking Back to Oil: What’s Fueling the Optimism 2 Rising CRM Platform Stocks That Can Surge Higher in 2025 3 Hot Stock Trends to Ride Into 2025 Receive News & Ratings for Heritage Commerce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heritage Commerce and related companies with MarketBeat.com's FREE daily email newsletter .
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