In a report released today, Gary Tenner from D.A. Davidson maintained a Buy rating on Heritage Commerce (HTBK – Research Report), with a price target of $12.00. The company’s shares closed last Friday at $9.51.
According to TipRanks, Tenner is a 5-star analyst with an average return of 17.4% and a 70.94% success rate. Tenner covers the Financial sector, focusing on stocks such as Banc of California, Veritex, and BancFirst.
Heritage Commerce has an analyst consensus of Moderate Buy, with a price target consensus of $12.00, which is a 26.18% upside from current levels. In a report released on October 25, Piper Sandler also maintained a Buy rating on the stock with a $12.00 price target.
HTBK market cap is currently $582.9M and has a P/E ratio of 13.53.
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Heritage Commerce (HTBK) Company Description:
Heritage Commerce Corp. is a holding company which provides banking services through their subsidiary. It operates through the following segments: Banking and Factoring. The Banking segment includes holding company’s results of operations. The Factoring segment focuses on factoring originated by bay view funding. The company was founded in 1997 and is headquartered in San Jose, CA.
