Deep Dive Into Heritage Commerce Stock: Analyst Perspectives (4 Ratings)
Portfolio Pulse from Benzinga Insights
Heritage Commerce (NASDAQ:HTBK) received four somewhat bullish analyst ratings in the last three months, with no change in sentiment in the last 30 days. Analysts have raised the 12-month price target to an average of $10.62, up from $10.50. Heritage Commerce operates in banking and factoring, facing revenue challenges with a -6.9% decline as of September 30, 2023, but has a strong net margin of 33.67% and an ROA of 0.29%. The company's ROE is below industry average at 2.4%, and it has a low debt-to-equity ratio of 0.06.
January 26, 2024 | 7:00 pm
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POSITIVE IMPACT
Heritage Commerce received somewhat bullish ratings from analysts, with an increased average price target of $10.62. The company's financials show a strong net margin and ROA, but a lower ROE and a recent revenue decline.
The somewhat bullish analyst ratings and the increase in the average price target suggest a positive outlook for HTBK's stock price in the short term. The strong net margin and ROA are positive indicators of financial health, which could bolster investor confidence. However, the lower ROE and recent revenue decline may temper some of the optimism, hence the importance score is not at the maximum. The confidence level is high due to the clear consensus among analysts and the detailed financial data provided.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100