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Fly News Breaks for May 24, 2017
HTBK
May 24, 2017 | 07:19 EDT
Brean Capital analyst Blair Brantley said Heritage Bank encompasses many of the attributes that bank investors look for, including attractive profitability metrics, a strong core base, balance sheet, and credit leverage. The analyst believes its recent debt raise could accelerate the company's efforts to leverage excess liquidity and pursue external growth opportunities. Brantley reiterated his Buy rating, though he lowered his price target to $15.50 from $16 on Heritage Commerce shares.
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