Heritage Commerce Corp (HTBK) Earning Somewhat Critical Media Coverage, Analysis Shows
Headlines about Heritage Commerce Corp (NASDAQ:HTBK) have trended somewhat negative this week, Alpha One Sentiment reports. The research group, a division of Accern, identifies positive and negative press coverage by reviewing more than twenty million blog and news sources. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Heritage Commerce Corp earned a media sentiment score of -0.08 on Alpha One’s scale. Alpha One also gave media headlines about the financial services provider an impact score of 83 out of 100, indicating that recent press coverage is very likely to have an impact on the company’s share price in the next several days.
These are some of the media headlines that may have effected Alpha One Sentiment’s rankings:
- Crime of the Week: Manhunt on for two Georgia inmates (fumbleboard.com)
- National Commerce Corporation (NCOM) Raised to “Buy” at ValuEngine (cote-ivoire.com)
- The National Commerce Corp (NCOM) Rating Increased to Buy at ValuEngine (cfanespectaculos.com)
- Heritage Commerce Corp. breached its 50 day moving average in a Bullish Manner : HTBK-US : June 14, 2017 (finance.yahoo.com)
- Heritage Commerce : Ranked one of the Best-Performing Community Banks, with $1 Billion to $10 Billion in Assets for 2016 (4-traders.com)
Several research firms recently issued reports on HTBK. Brean Capital set a $16.00 price objective on Heritage Commerce Corp and gave the company a “buy” rating in a research report on Friday, April 28th. Zacks Investment Research cut Heritage Commerce Corp from a “hold” rating to a “sell” rating in a research report on Wednesday, May 3rd.
Heritage Commerce Corp (NASDAQ HTBK) traded down 1.44% during trading on Friday, reaching $13.68. The company had a trading volume of 141,323 shares. Heritage Commerce Corp has a 12-month low of $9.91 and a 12-month high of $14.87. The stock has a market capitalization of $520.00 million, a P/E ratio of 18.82 and a beta of 0.53. The stock has a 50 day moving average of $13.91 and a 200-day moving average of $13.93.
The company also recently declared a quarterly dividend, which was paid on Thursday, May 25th. Shareholders of record on Thursday, May 11th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend was Tuesday, May 9th. Heritage Commerce Corp’s dividend payout ratio is currently 54.79%.
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Heritage Commerce Corp Company Profile
Heritage Commerce Corp is a bank holding company. The Company, through its subsidiary Heritage Bank of Commerce (the Bank), provides a range of banking services. The Bank is a California state-chartered multi-community independent bank that offers a range of commercial banking services to small and medium-sized businesses and their owners, managers and employees.
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