Stock Chatter: A Look into Heritage Commerce Corp (NASDAQ:HTBK) Shares

Heritage Commerce Corp (NASDAQ:HTBK) currently has an A verage Broker Rating of 2. This number is based on the 4 sell-side firms polled by Zacks. The ABR rank within the industry stands at 183. Analysts on a consensus basis are expecting that the stock will reach $15.58 within the year.  The ABR is provided by Zacks which simplfies analyst ratings into an integer based number. They use a one to five scale where they translate brokerage firm Buy/Sell/Hold recommendations into an average broker rating. A low number in the 1-2 range typically indicates a Buy, 3 represents a Hold and 4-5 represents a consensus Sell rating. 

An evaluation of a stock’s expected performance and/or its risk level as judged by a rating agency such as Standard and Poor’s. A stock rating will usually tell the investor how well a stock’s market value relates to what analysts believe is a fair value for the stock, based on an objective evaluation of the company. The greater the amount by which the fair value exceeds the market value, the more highly recommended a buy the stock is. Conversely, if the market value of the stock exceeds the fair value of the stock, then analysts recommend that the stock be sold.

Successful stock market traders and investors don’t usually just become that way overnight. There are often many years of experience behind those winning trades. The amount of data available to investors these days is staggering. Investors have to be able to focus on the provided information and decide which data should be followed and prioritized. Many investors will be keeping a watchful eye on the next round of company earnings reports. As companies start to report quarterly numbers, investors may be able to sift through the data and make some projections on how the stock will perform over the next few quarters.

Heritage Commerce Corp (NASDAQ:HTBK) closed the last session at $14.6 and sees an average of 97718.15 shares trade hands in each session. The 52-week low of the stock stands at $10.77 while the current level stands at 95.51% of the 52-week High-Low range. Looking further out we can see that the stock has moved 5.11% over the past 12 weeks and 1.18% year to date.

Research analysts are predicting that Heritage Commerce Corp (NASDAQ:HTBK) will report earnings of $0.22 per share when the firm issues their next quarterly report. This is the consensus earnings per share number according to data from Zack’s Research.

Most recently Heritage Commerce Corp (NASDAQ:HTBK) posted quarterly earnings of $0.19 which compared to the sell-side estimates of 0.22. The stock’s 12-month trailing earnings per share stands at $0.73. Shares have moved $5.49 over the past month and more recently, $-1.02 over the past week heading into the earnings announcement. There are 2 analyst projections that were taken into consideration from respected brokerage firms.

2 analysts rate Heritage Commerce Corp a Buy or Strong Buy, which is 50% of all the analyst ratings.

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This article is informational purposes only and should not be considered a recommendation to buy or sell the stock.

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