Extremely important positive changes in investment behavior have recently occurred for Heritage Commerce Corp (NASDAQ: HTBK): positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
Heritage Commerce Corp (NASDAQ: HTBK). Notable positive changes in fundamentals have recently occurred: the stock’s power rating rose above 70, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, HTBK is expected to continue to be a modest Value Builder.
Heritage Commerce has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Heritage Commerce has a neutral Appreciation Score of 58 but a good Power Rating of 75, triggering the Positive Value Trend Rating.
Recent Price Action
Heritage Commerce Corp (NASDAQ: HTBK) stock closed at $9.62 on 1/3/24 after a decline of -2.3%. This decline was accompanied by normal trading volume. The stock has been exceptionally strong relative to the market over the last nine months but has declined -3.3% during the last week.
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