Raymond James upgraded shares of Heritage Commerce Corp. (NASDAQ:HTBK) from a market perform rating to an outperform rating in a research report released on Monday morning, American Banking and Market News reports.
HTBK has been the subject of a number of other recent research reports. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Heritage Commerce Corp. from $7.50 to $8.00 in a research note to investors on Monday, October 28th. They now have a market perform rating on the stock. Analysts at Thomson Reuters/Verus upgraded shares of Heritage Commerce Corp. from a sell rating to a hold rating in a research note to investors on Monday, September 2nd.
Shares of Heritage Commerce Corp. (NASDAQ:HTBK) traded down 0.67% during mid-day trading on Monday, hitting $7.46. The stock had a trading volume of 26,098 shares. Heritage Commerce Corp. has a 52 week low of $6.16 and a 52 week high of $8.00. The stock’s 50-day moving average is $7.52 and its 200-day moving average is $7.14. The company has a market cap of $196.5 million and a price-to-earnings ratio of 21.21.
The company also recently announced a quarterly dividend, which is scheduled for Monday, November 25th. Investors of record on Thursday, November 7th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.60%. The ex-dividend date is Tuesday, November 5th.
Heritage Commerce Corp (NASDAQ:HTBK) is a bank holding company for its wholly owned subsidiary, Heritage Bank of Commerce (HBC or the Bank).
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