Is there a Bearish outlook for Heritage Commerce Corp (NASDAQ:HTBK) this week?

December 8, 2017 - By Linda Rogers

 Is there a Bearish outlook for Heritage Commerce Corp (NASDAQ:HTBK) this week?
Investors sentiment increased to 1.68 in 2017 Q2. Its up 0.66, from 1.02 in 2017Q1. It improved, as 12 investors sold Heritage Commerce Corp shares while 22 reduced holdings. 17 funds opened positions while 40 raised stakes. 25.94 million shares or 1.42% more from 25.58 million shares in 2017Q1 were reported.
Retail Bank Of Ny Mellon Corp invested 0% in Heritage Commerce Corp (NASDAQ:HTBK). Bancorp Of America De owns 16,741 shares. Hilton Cap Management Limited Liability Corp reported 18,465 shares or 0.05% of all its holdings. Granite Inv Partners stated it has 102,858 shares. American Century holds 72,790 shares. Cornerstone Mgmt Holdg Ltd reported 0% of its portfolio in Heritage Commerce Corp (NASDAQ:HTBK). 93,200 were reported by California Public Employees Retirement System. Penn Capital Mgmt Com has invested 0.23% in Heritage Commerce Corp (NASDAQ:HTBK). Td Asset invested 0% in Heritage Commerce Corp (NASDAQ:HTBK). Gsa Capital Partners Llp owns 27,388 shares. 167,044 were accumulated by Deutsche National Bank & Trust Ag. Emerald Mutual Fund Advisers Tru, a Pennsylvania-based fund reported 138,670 shares. Stifel Financial Corp reported 29,797 shares. 3,800 were reported by Great West Life Assurance Com Can. State Street Corp invested in 0% or 558,166 shares.

Heritage Commerce Corp (NASDAQ:HTBK) Ratings Coverage

Among 5 analysts covering Heritage Commerce (NASDAQ:HTBK), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. Heritage Commerce had 13 analyst reports since July 28, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Friday, December 1 by Brean Capital. As per Monday, October 30, the company rating was maintained by Brean Capital. Sandler O’Neill upgraded the shares of HTBK in report on Monday, November 23 to “Buy” rating. Brean Capital maintained Heritage Commerce Corp (NASDAQ:HTBK) rating on Friday, July 28. Brean Capital has “Buy” rating and $15.5000 target. FIG Partners downgraded Heritage Commerce Corp (NASDAQ:HTBK) on Tuesday, October 27 to “Market Perform” rating. The firm has “Mkt Perform” rating given on Monday, January 30 by Keefe Bruyette & Woods. Sandler O’Neill downgraded the shares of HTBK in report on Monday, September 28 to “Hold” rating. Brean Capital initiated the shares of HTBK in report on Tuesday, January 10 with “Buy” rating. The stock has “Buy” rating by Brean Capital on Monday, October 23. Below is a list of Heritage Commerce Corp (NASDAQ:HTBK) latest ratings and price target changes.

01/12/2017 Broker: Brean Capital Rating: Buy Maintain
30/10/2017 Broker: Brean Capital Rating: Buy Maintain
23/10/2017 Broker: Brean Capital Rating: Buy Maintain
28/07/2017 Broker: Brean Capital Rating: Buy New Target: $15.5000 Maintain

The stock decreased 0.25% or $0.04 during the last trading session, reaching $16.11. About 149,275 shares traded or 43.81% up from the average. Heritage Commerce Corp (NASDAQ:HTBK) has risen 32.65% since December 8, 2016 and is uptrending. It has outperformed by 15.95% the S&P500.

Heritage Commerce Corp operates as the bank holding firm for Heritage Bank of Commerce that provides various commercial and personal banking services to residents and the business/professional community in California. The company has market cap of $615.40 million. It offers a range of deposit products for business banking and retail markets, including checking accounts, savings accounts, demand deposits, money market accounts, and time deposits. It has a 20.68 P/E ratio. The firm also provides various loan products comprising commercial loans, such as operating secured and unsecured loans advanced for working capital, equipment purchases, and other business purposes; commercial real estate loans; commercial construction loans for rental properties, commercial buildings, and homes; home equity lines of credit; consumer loans consisting of loans for financing automobiles, various consumer goods, and other personal purposes; and small business administration loans.

More recent Heritage Commerce Corp (NASDAQ:HTBK) news were published by: Nasdaq.com which released: “Heritage Commerce Corp (HTBK) Ex-Dividend Date Scheduled for November 06, 2017” on November 03, 2017. Also Globenewswire.com published the news titled: “Raymond James Awards Community Bankers Cup to Heritage Commerce Corp; Ranks as …” on June 07, 2017. Globenewswire.com‘s news article titled: “Heritage Commerce Corp Declares Quarterly Cash Dividend of $0.10 Per Share” with publication date: October 26, 2017 was also an interesting one.

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