Last Updated: 08 Nov 2024
Executive Summary
Heritage Commerce Corp (HTBK) is a banking holding company with a market capitalization of $672.43 million. The company has a strong financial position with a trailing PE ratio of 13.71, a dividend yield of 0.0536%, and a return on equity of 0.0642%. Analysts have a strong buy rating on the stock with a target price of $11.42.
Company Overview
Heritage Commerce Corp is the banking holding company for Heritage Bank of Commerce. The company provides various commercial and personal banking services to residents and the business/professional community in California. The company is headquartered in San Jose, California.
Fundamental Analysis
Revenue: Revenue for the latest quarter was $169.17 million, a decrease of 0.114% year-over-year.
Net Income: Net income for the latest quarter was $43.4 million, a decrease of 0.342% year-over-year.
EPS: EPS for the latest quarter was $0.8, a decrease of 0.342% year-over-year.
Trailing PE Ratio: The trailing PE ratio is 13.71.
Forward PE Ratio: The forward PE ratio is 10.44.
Dividend Yield: The dividend yield is 0.0536%.
Return on Equity: The return on equity is 0.0642%.
Technical Analysis
52-Week High: $10.87
52-Week Low: $7.35
50-Day Moving Average: $9.82
200-Day Moving Average: $8.94
Relative Strength Index (RSI): 55.45
Moving Average Convergence Divergence (MACD): Bullish
Short Term Outlook
The technical analysis indicates that HTBK is in a bullish trend. The stock is trading above its 50-day and 200-day moving averages, and the RSI is above 50. The MACD is also bullish, indicating that the stock is likely to continue to rise in the short term.
Long Term Outlook
The fundamentals of HTBK are strong. The company has a strong financial position and is growing its revenue and earnings. The company also has a strong dividend yield. The analysts have a strong buy rating on the stock, and the target price is $11.42.
Analyst Recommendations
Strong Buy: 1
Buy: 4
Hold: 1
Sell: 0
Strong Sell: 0
Conclusion
HTBK is a strong stock with a bullish technical outlook. The fundamentals of the company are also strong, and the analysts have a strong buy rating on the stock. The target price is $11.42.
