Heritage Commerce traded at $12.38 this Thursday March 5th, decreasing $0.21 or 1.67 percent since the previous trading session. Looking back, over the last four weeks, Heritage Commerce lost 9.64 percent. Over the last 12 months, its price rose by 23.92 percent. Looking ahead, we forecast Heritage Commerce to be priced at 12.05 by the end of this quarter and at 10.98 in one year, according to Trading Economics global macro models projections and analysts expectations.
Heritage Commerce Corp is a bank holding company for its wholly owned subsidiary Heritage Bank of Commerce (Bank), provides a range of commercial and personal banking services to residents and the business/professional community in Alameda, Contra Costa, Marin, San Benito, San Francisco, San Mateo, and Santa Clara counties of California. The Company's business segments include Banking segment and Factoring segment. The Company's subsidiary, CSNK Working Capital Finance Corp., doing business as Bay View Funding, provides business-essential working capital factoring financing to various industries across the United States. The Company's lending activities include commercial and industrial loans, commercial real estate loans, construction loans and small business administration (SBA) loans.