Finance sector’s Heritage Commerce’s (NASDAQ:HTBK) Overweight rating Reiterated by Piper Sandler

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Heritage Commerce (NASDAQ:HTBK)‘s stock had its Overweight rating Reiterated by analysts at Piper Sandler in a research report issued to clients and investors. A price-to-earnings ratio of 11.46, market cap of 439.7M and a beta of 1.12.  Heritage Commerce has a twelve month low $6.04 of  and a twelve month high of $13.14.

Shares of Heritage Commerce traded up $0.62 on Monday, reaching $7.36. 271590 shares of the stock traded hands, compared to its average volume of 228190. Shares of Heritage Commerce at mid-way of the day on Monday were at $7.36. The firm’s 50 day moving average is $$7.94 and its 200 day moving average is $10.36.Heritage Commerce  has a 12 month low of $6.88 and a 12 month high of $13.14. While on yearly highs and lows, Heritage Commerce’s today has traded high as $7.36 and has touched $6.88 on the downward trend. See More Analyst Rating at: RATING

Heritage Commerce (NASDAQ:HTBK) Moving Average Technical Analysis

5 day Moving Average is $7.13 And 5 day price change is -$0.73 (-9.77%)  with average volume for 5 day average is 381,580. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $7.98 and 20 day price change is -$1.39 (-17.10%) and average 20 day moving volume is 255,975. 50 day moving average is $7.94  and 50 day price change is -$0.09 ( -1.32%)  and with average volume for 50 days is : 229,728. 200 day moving average is $10.36  and 200 day price change is -$5.60 (-45.38%)  and with average volume for 200 days is : 272,813.

See More Analyst Rating at: RATING

Heritage Commerce Earnings and What to expect: 

Heritage Commerce last issued its earnings data on April 23rd, 2020. The financial services provider reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by $0.15. The business earned $41.77 million during the quarter, compared to analysts’ expectations of $39.72 million. Heritage Commerce has generated $1.07 earnings per share over the last year and currently has a price-to-earnings ratio of 10.4. Heritage Commerce has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Thursday, July 23rd, 2020 based off prior year’s report dates.

Earnings for Heritage Commerce are expected to grow by 10.00% in the coming year, from $0.60 to $0.66 per share. The P/E ratio of Heritage Commerce is 10.37, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.03. The P/E ratio of Heritage Commerce is 10.37, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 17.90. Heritage Commerce has a P/B Ratio of 0.69. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • Insider Ownership Percentage: 4.30%
  • On 5/27/2020 CEO Keith Wilton Sell 2,730 at average share price of $8.71 which equates to $23,778.30 in money value.
  • On 5/4/2020 CEO Keith Wilton Sell 3,713 at average price of  $8.36 with total value of : Not Data Available
  • On 3/2/2020 Director Jack W Conner Buy 12,000 at average price of  $10.85 with total value of : $130,200.00

What other brokers have to say about Heritage Commerce :

  • 6/29/2020 – Palomar had its price target raised by analysts at Piper Sandler from $64.00 to $90.00. They now have an “overweight” rating on the stock.
  • 6/29/2020 – ZoomInfo Technologies is now covered by analysts at Piper Sandler. They set an “overweight” rating and a $59.00 price target on the stock.
  • 6/29/2020 – Legend Biotech is now covered by analysts at Piper Sandler. They set an “overweight” rating and a $50.00 price target on the stock.
  • 6/29/2020 – Leap Therapeutics is now covered by analysts at Piper Sandler. They set an “overweight” rating and a $6.00 price target on the stock.

Other firm’s rating by Piper Sandler:

See More Analyst Rating at: RATING