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Fly News Breaks for July 28, 2017
HTBK
Jul 28, 2017 | 07:01 EDT
Brean Capital analyst Blair Brantley noted Heritage Commerce reported solid Q2 results citing a rebound in loan growth, excellent credit results, positive deposit mix, and modest NIM expansion. The analyst does not expect the bank to be a near-term seller but he believes a premium valuation is justified. Brantley reiterated his Buy rating and $15.50 price target on Heritage Commerce shares.
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