Heritage Commerce Corp (NASDAQ: HTBK) has reported earnings for its third fiscal quarter (ending September 30) of $0.17 versus $0.26 for the same period a year ago — a decline of -35%. For the latest four quarters through September 30, E.P.S. were $0.71 versus $1.18 for the same period a year ago — a decline of -40%.
Recent Price Action
Heritage Commerce Corp (NASDAQ: HTBK) stock declined slightly by -0.2% on 10/24/24. The stock closed at $9.69. However, below average trading volume at 78% of normal accompanied the decline. The stock has been strong relative to the market over the last nine months but has declined -2.0% 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 B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Heritage Commerce has a slightly positive Appreciation Score of 66 and a good Power Rating of 79, and the Positive Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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