At the time of writing, Heritage Commerce Corp. [HTBK] stock is trading at $9.98, up 4.94%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The HTBK shares have gain 5.39% over the last week, with a monthly amount glided 3.21%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Heritage Commerce Corp. [NASDAQ: HTBK] stock has seen the most recent analyst activity on August 11, 2023, when Stephens downgraded its rating to a Equal-Weight but kept the price target unchanged to $10 for it. Previously, Raymond James downgraded its rating to Outperform on October 31, 2022, and elevated its price target to $15. On December 28, 2021, Stephens initiated with a Overweight rating and assigned a price target of $13.50 on the stock. DA Davidson upgraded its rating to a Buy but stick to its price target of $13.50 on December 15, 2021. DA Davidson downgraded its rating to a Neutral and raised its price target to $9.50 on December 18, 2020. Brean Capital downgraded its rating to Hold for this stock on April 26, 2019. In a note dated July 18, 2018, Raymond James initiated an Outperform rating.
For the past year, the stock price of Heritage Commerce Corp. fluctuated between $7.66 and $10.99. Currently, Wall Street analysts expect the stock to reach $12.5 within the next 12 months. Heritage Commerce Corp. [NASDAQ: HTBK] shares were valued at $9.98 at the most recent close of the market. An investor can expect a potential return of 25.25% based on the average HTBK price forecast.
Analyzing the HTBK fundamentals
According to Heritage Commerce Corp. [NASDAQ:HTBK], the company’s sales were 245.42M for trailing twelve months, which represents an 0.99% jump. Gross Profit Margin for this corporation currently stands at 0.0% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.25%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 5.9, Equity is 0.06 and Total Capital is -0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of57.8.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 9.68 points at the first support level, and at 9.38 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.16, and for the 2nd resistance point, it is at 10.33.
Ratios To Look Out For
It is important to note that Heritage Commerce Corp. [NASDAQ:HTBK] has a current ratio of 0.44. Considering the valuation of this stock, the price to sales ratio is 2.49, the price to book ratio is 0.89 and price to earnings (TTM) ratio is 14.20.
Transactions by insiders
Recent insider trading involved Conner Jack W, Director, that happened on Jan 31 ’24 when 6944.0 shares were sold.
