Somewhat Positive Media Coverage Somewhat Unlikely to Affect Heritage Commerce Corp (NASDAQ:HTBK) Share Price

News headlines about Heritage Commerce Corp (NASDAQ:HTBK) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Heritage Commerce Corp earned a daily sentiment score of 0.07 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 46.7513938698574 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the news headlines that may have effected Accern’s scoring:

Several analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Heritage Commerce Corp from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. BidaskClub lowered shares of Heritage Commerce Corp from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 22nd. ValuEngine lowered shares of Heritage Commerce Corp from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Finally, Brean Capital restated a “buy” rating on shares of Heritage Commerce Corp in a report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Heritage Commerce Corp has a consensus rating of “Hold” and a consensus target price of $15.50.

Shares of Heritage Commerce Corp (NASDAQ HTBK) traded up 0.66% on Wednesday, reaching $13.79. 45,944 shares of the company’s stock traded hands. The company has a 50 day moving average of $13.55 and a 200-day moving average of $13.79. Heritage Commerce Corp has a 52 week low of $10.23 and a 52 week high of $14.87. The stock has a market capitalization of $525.81 million, a PE ratio of 18.92 and a beta of 0.51.

Heritage Commerce Corp (NASDAQ:HTBK) last announced its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.19 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.19. The company had revenue of $27.23 million for the quarter, compared to the consensus estimate of $27.90 million. Heritage Commerce Corp had a net margin of 25.75% and a return on equity of 10.61%. Equities research analysts forecast that Heritage Commerce Corp will post $0.78 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, August 24th. Investors of record on Thursday, August 10th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date was Tuesday, August 8th. Heritage Commerce Corp’s dividend payout ratio (DPR) is 54.79%.

In other Heritage Commerce Corp news, Director J Philip Dinapoli acquired 5,000 shares of the stock in a transaction on Thursday, August 10th. The shares were bought at an average cost of $13.53 per share, with a total value of $67,650.00. Following the transaction, the director now owns 163,376 shares of the company’s stock, valued at approximately $2,210,477.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Komas Julianne M. Biagini sold 3,650 shares of the firm’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $13.65, for a total transaction of $49,822.50. Following the transaction, the director now directly owns 25,696 shares in the company, valued at $350,750.40. The disclosure for this sale can be found here. Company insiders own 5.69% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This story was reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark laws. The correct version of this story can be viewed at https://stocknewstimes.com/2017/09/13/somewhat-favorable-media-coverage-somewhat-unlikely-to-impact-heritage-commerce-corp-htbk-share-price.html.

Heritage Commerce Corp Company Profile

Heritage Commerce Corp is a bank holding company. The Company, through its subsidiary Heritage Bank of Commerce (the Bank), provides a range of banking services. The Bank is a California state-chartered multi-community independent bank that offers a range of commercial banking services to small and medium-sized businesses and their owners, managers and employees.

Insider Buying and Selling by Quarter for Heritage Commerce Corp (NASDAQ:HTBK)

Receive News & Ratings for Heritage Commerce Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heritage Commerce Corp and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply