As on Wednesday, Heritage Commerce Corp (NASDAQ: HTBK) got off with the flyer as it spiked 12.98% to $10.97, before settling in for the price of $9.71 at the close. Taking a more long-term approach, HTBK posted a 52-week range of $7.66-$10.99.
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The company of the Financial sector’s yearbook sales growth during the past 5- year span was recorded 12.11%. Meanwhile, its Annual Earning per share during the time was 4.65%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -37.14%. This publicly-traded company’s shares outstanding now amounts to $61.15 million, simultaneously with a float of $58.59 million. The organization now has a market capitalization sitting at $672.40 million. At the time of writing, stock’s 50-day Moving Average stood at $9.83, while the 200-day Moving Average is $8.94.
Heritage Commerce Corp (HTBK) Ownership Facts and Figures
Another important factor to analyze is how key investors are playing towards the stock of the Banks – Regional industry. Heritage Commerce Corp’s current insider ownership accounts for 4.42%, in contrast to 77.38% institutional ownership. According to the most recent insider trade that took place on Jan 31 ’24, this organization’s Director sold 6,944 shares at the rate of 8.92, making the entire transaction reach 61,941 in total value, affecting insider ownership by 102,501.
Heritage Commerce Corp (HTBK) Earnings and Revenue Records
Heritage Commerce Corp’s EPS decrease for this current 12-month fiscal period is -37.14% and is forecasted to reach 0.70 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 7.00% through the next 5 years, which can be compared against the 4.65% growth it accomplished over the previous five years trading on the market.
Heritage Commerce Corp (NASDAQ: HTBK) Trading Performance Indicators
Let’s observe the current performance indicators for Heritage Commerce Corp (HTBK). The Stock has managed to achieve an average true range (ATR) of 0.33. Alongside those numbers, its PE Ratio stands at $15.61, and its Beta score is 0.91. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 2.74. Similarly, its price to free cash flow for trailing twelve months is now 25.76.
In the same vein, HTBK’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 0.70, a figure that is expected to reach 0.17 in the next quarter, and analysts are predicting that it will be 0.70 at the market close of one year from today.
Technical Analysis of Heritage Commerce Corp (HTBK)
Through scrutinizing the latest numbers posted by the [Heritage Commerce Corp, HTBK], it can be observed that its last 5-days Average volume of 0.47 million was better the volume of 0.39 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 50.33% While, its Average True Range was 0.38.
Raw Stochastic average of Heritage Commerce Corp (HTBK) in the period of the previous 100 days is set at 98.93%, which indicates a major rise in contrast to 97.77% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 59.72% that was higher than 35.14% volatility it exhibited in the past 100-days period.
