Heritage Commerce (HTBK) Getting Somewhat Positive News Coverage, Study Finds

Media stories about Heritage Commerce (NASDAQ:HTBK) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Heritage Commerce earned a news sentiment score of 0.23 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 46.2959827645861 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Heritage Commerce (HTBK) traded down $0.04 during trading on Friday, reaching $16.20. The company had a trading volume of 199,200 shares, compared to its average volume of 162,504. Heritage Commerce has a twelve month low of $12.76 and a twelve month high of $16.80. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 0.77. The stock has a market capitalization of $620.38, a PE ratio of 26.13, a price-to-earnings-growth ratio of 1.59 and a beta of 0.60.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th were issued a $0.11 dividend. This is a boost from Heritage Commerce’s previous quarterly dividend of $0.10. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend was Wednesday, February 7th. Heritage Commerce’s dividend payout ratio is presently 70.97%.

HTBK has been the topic of several research reports. Brean Capital restated a “buy” rating and issued a $17.50 target price on shares of Heritage Commerce in a research note on Monday, January 29th. BidaskClub upgraded Heritage Commerce from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Zacks Investment Research upgraded Heritage Commerce from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Tuesday, October 31st. Finally, DA Davidson upgraded Heritage Commerce from a “neutral” rating to a “buy” rating in a research note on Monday, February 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $17.25.

In other news, Director Jack W. Conner sold 24,500 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $15.47, for a total value of $379,015.00. Following the completion of the transaction, the director now directly owns 83,324 shares in the company, valued at approximately $1,289,022.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.69% of the stock is currently owned by corporate insiders.

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Heritage Commerce 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 (NASDAQ:HTBK)

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