Currently, there are 61.15M common shares owned by the public and among those 58.36M shares have been available to trade.
The company’s stock has a 5-day price change of 1.39% and 24.91% over the past three months. HTBK shares are trading 2.62% year to date (YTD), with the 12-month market performance up to 18.65% higher. It has a 12-month low price of $7.66 and touched a high of $10.99 over the same period. HTBK has an average intraday trading volume of 450.86K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.58%, 7.69%, and 15.45% respectively.
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Institutional ownership of Heritage Commerce Corp. (NASDAQ: HTBK) shares accounts for 77.82% of the company’s 61.15M shares outstanding.
It has a market capitalization of $623.93M and a beta (3y monthly) value of 0.92. The stock’s trailing 12-month PE ratio is 12.89, while the earnings-per-share (ttm) stands at $0.79. The company has a PEG of 1.84 and the debt-to-equity ratio at 0.11. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.59% over the week and 2.30% over the month.
Earnings per share for the fiscal year are expected to decrease by -37.46%, and 14.21% over the next financial year. EPS should grow at an annualized rate of 7.00% over the next five years, compared to 4.65% over the past 5-year period.
Looking at the support for the HTBK, a number of firms have released research notes about the stock. Stephens stated their Equal-Weight rating for the stock in a research note on August 11, 2023, with the firm’s price target at $10. Raymond James coverage for the Heritage Commerce Corp. (HTBK) stock in a research note released on October 31, 2022 offered a Outperform rating with a price target of $15. Stephens was of a view on December 28, 2021 that the stock is Overweight, while DA Davidson gave the stock Buy rating on December 15, 2021, issuing a price target of $13.50. DA Davidson on their part issued Neutral rating on December 18, 2020.
