A share price of Heritage Commerce Corp [HTBK] is currently trading at $10.97, up 12.98%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The HTBK shares have gain 10.47% over the last week, with a monthly amount glided 15.35%, 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.
Heritage Commerce Corp experienced fluctuations in its stock price throughout the past year 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 $10.97 at the most recent close of the market. An investor can expect a potential return of 13.95% based on the average HTBK price forecast.
Analyzing the HTBK fundamentals
Trailing Twelve Months sales for Heritage Commerce Corp [NASDAQ:HTBK] were 245.42M which represents 0.99% growth. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 57.8.
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 10.51 points at the first support level, and at 10.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.22, and for the 2nd resistance point, it is at 11.47.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Heritage Commerce Corp [NASDAQ:HTBK] is 0.44. Considering the valuation of this stock, the price to sales ratio is 2.74, the price to book ratio is 0.98 and price to earnings (TTM) ratio is 15.61.
Transactions by insiders
Recent insider trading involved Conner Jack W, Director, that happened on Jan 31 ’24 when 6944.0 shares were sold.
