Heritage Commerce Corp (NASDAQ: HTBK) has reported earnings for its first fiscal quarter (ending March 31) of $0.17 versus $0.31 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $0.92 versus $1.19 for the same period a year ago.
Recent Price Action
Heritage Commerce Corp (NASDAQ: HTBK) stock declined by -2.2% on 4/25/24. The shares closed at $8.18. Trading volume in this decline was normal. The stock has risen 4.2% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, HTBK is expected to continue to be a modest Value Builder.
Heritage Commerce has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Heritage Commerce has a good Appreciation Score of 74 but a slightly negative Power Rating of 37, resulting in the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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