Heritage Commerce Corp (NASDAQ: HTBK) is -3.63% lower on its value in year-to-date trading and has touched a low of $7.66 and a high of $11.27 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The HTBK stock was last observed hovering at around $9.52 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $9.56, the stock is -6.75% and -6.42% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.14 million and changing 0.42% at the moment leaves the stock 3.26% off its SMA200. HTBK registered -3.92% loss for a year compared to 6-month gain of 17.44%. The firm has a 50-day simple moving average (SMA 50) of $10.2192 and a 200-day simple moving average (SMA200) of $9.2531.
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The stock witnessed a -12.37% loss in the last 1 month and extending the period to 3 months gives it a -1.75%, and is -5.16% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.35% over the week and 2.84% over the month.
Heritage Commerce Corp (HTBK) has around 349 employees, a market worth around $588.52M and $245.46M in sales. Current P/E ratio is 13.59 and Fwd P/E is 13.46. Profit margin for the company is 17.61%. Distance from 52-week low is 24.80% and -15.17% from its 52-week high. The company has generated returns on investments over the last 12 months (5.73%).
The EPS is expected to shrink by -37.14% this year.
Heritage Commerce Corp (HTBK) Top Institutional Holders
230.0 institutions hold shares in Heritage Commerce Corp (HTBK), with institutional investors hold 81.49% of the company’s shares. The shares outstanding are 61.30M, and float is at 58.78M with Short Float at 1.47%. Institutions hold 78.19% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 8.28 million shares valued at $72.02 million. The investor’s holdings represent 13.5298% of the HTBK Shares outstanding. As of 2024-06-30, the second largest holder is FJ CAPITAL MANAGEMENT LLC with 5.99 million shares valued at $52.11 million to account for 9.7893 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 3.33 million shares representing 5.4481% and valued at over $29.0 million, while DIMENSIONAL FUND ADVISORS LP holds 4.9866 of the shares totaling 3.05 million with a market value of $26.54 million.
Heritage Commerce Corp (HTBK) Insider Activity
The most recent transaction is an insider sale by Conner Jack W, the company’s Director. SEC filings show that Conner Jack W sold 6,944 shares of the company’s common stock on Jan 31 ’24 at a price of $8.92 per share for a total of $61941.0. Following the sale, the insider now owns 0.1 million shares.
