On 11/6/24, Heritage Commerce Corp (NASDAQ: HTBK) stock enjoyed a major increase of 13.0%, closing at $10.97. Moreover, exceptionally high trading volume at 321% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months and has risen 11.0% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are 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 A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Heritage Commerce has a slightly positive Appreciation Score of 66 and a good Power Rating of 82, and the Highest Value Trend Rating results.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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