As previously reported, Stephens analyst Andrew Terrell upgraded Heritage Commerce (HTBK) to Overweight from Equal Weight with a price target of $12, up from $11, following a 13% pre-provision net revenue beat in Q4. The firm attributes the “bulk” of the de-rating of the stock to the company’s ROA compression, but it expects both continued net interest margin expansion as well as stronger relative growth to drive profitability improvement back towards a 1.00% ROAA by Q4 of 2026, the analyst tells investors.
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Read More on HTBK:
- Heritage Commerce upgraded to Overweight from Equal Weight at Stephens
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- Heritage Commerce price target lowered to $11.50 from $12.50 at Keefe Bruyette
- Heritage Commerce reports Q4 EPS 17c, consensus 17c