Piper Sandler assumed coverage of Heritage Commerce (HTBK) with an Overweight rating and $11 price target The bank should trade at a valuation premium to peers given its ongoing profitability improvement, flexibility to accelerate earnings with a potential securities loss trade, and positive operating leverage, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HTBK: