Heritage CommerceHTBK
Market Cap: $593M
About: Heritage Commerce Corp operates as a bank holding company. The company, through its subsidiary, offers commercial banking services to small and medium-sized businesses and their owners, managers, and employees. It operates through two segments, namely Banking and Factoring. The bank generates its revenue from the Banking segment.
Employees: 353
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
81% more repeat investments, than reductions
Existing positions increased: 78 | Existing positions reduced: 43
40% more call options, than puts
Call options by funds: $7K | Put options by funds: $5K
2.39% more ownership
Funds ownership: 75.76% [Q1] → 78.15% (+2.39%) [Q2]
5% more capital invested
Capital invested by funds: $397M [Q1] → $417M (+$19.2M) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 2 [Q1] → 2 (+0) [Q2]
9% less funds holding
Funds holding: 169 [Q1] → 154 (-15) [Q2]
48% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 31
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Piper Sandler Andrew Liesch 78% 1-year accuracy 21 / 27 met price target | 24%upside $12 | Overweight Maintained | 26 Jul 2024 |
Keefe, Bruyette & Woods Wood Lay 62% 1-year accuracy 13 / 21 met price target | 19%upside $11.50 | Outperform Maintained | 26 Jul 2024 |