Stock Rating Upgrade
Recently the Value Trend Rating for Heritage Commerce Corp (NASDAQ: HTBK) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
Heritage Commerce Corp (NASDAQ: HTBK) stock closed at $9.67 on 9/27/24 after a slight decline of -0.5%. However, below average trading volume at 81% of normal accompanied the decline. The stock has declined -5.9% during the last week but has been strong relative to the market over the last nine months.
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 B (Positive). This VT Rating improved in recent days from C previously. This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Heritage Commerce has a slightly positive Power Rating of 65 and a slightly positive Appreciation Score of 67, resulting in the Positive Value Trend Rating.
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