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home / news releases / HTBK - Heritage Commerce Corp.: A Bet On California's Eventual Reopen

HTBK - Heritage Commerce Corp.: A Bet On California's Eventual Reopen

Heritage Commerce Corp
  • COVID-19 has decimated banks, but the stocks in this sector have started perking up, thanks to an improved outlook for 2021.
  • While loans and deposits are up, asset quality is relatively stable.
  • Book value has started to improve, but the stock's rise has hit valuation attractiveness.
  • The company continues to monitor portfolio loans made to commercial customers with businesses in higher-risk sectors due to the COVID-19 pandemic, and many are back in payment status.

For further details see:

Heritage Commerce Corp.: A Bet On California's Eventual Reopen
Stock Information
Company Name: Heritage Commerce Corp
Stock Symbol: HTBK
Market: NASDAQ
Website: heritagecommercecorp.com
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