Heritage Commerce (HTBK) has disclosed a new risk, in the Accounting & Financial Operations category.
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Heritage Commerce’s reported earnings rely on management’s estimates of litigation-related losses, including reserves for contingent liabilities that are inherently judgment-based and subject to change. If actual legal outcomes exceed these reserves or differ materially from estimates, the resulting unanticipated expenses could negatively affect its financial condition and operating results.
The average HTBK stock price target is $14.50, implying 19.44% upside potential.
To learn more about Heritage Commerce’s risk factors, click here.