Heritage Commerce price target raised to $12 from $11 at Stephens

Stephens analyst Andrew Terrell raised the firm’s price target on Heritage Commerce (HTBK) to $12 from $11 and keeps an Overweight rating on the shares. Impressive growth in Q3 is reflective of the success Heritage has seen in attracting relationships out of disruption in the Bay Area over the past couple of years, the analyst tells investors in a post-earnings note.