Heritage Commerce Corp. (HTBK) was a big mover last session, as the company saw its shares increase more than 5% on the day. The move came on solid volume too, with far more shares changing hands than in a normal session. This continues the recent uptrend for this regional bank, as the stock has surged above 10% in the past one-month time frame.
The company’s earnings consensus has moved higher over the last two months, suggesting that more solid trading could be ahead for HTBK. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Heritage Commerce currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better performing regional banks include American River Bankshares (AMRB), Western Alliance Bancorporation (WAL) and Glacier Bancorp Inc. (GBCI). All these stocks carry a Zacks Rank #1 (Strong Buy).
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