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Fly News Breaks for January 29, 2018
HTBK
Jan 29, 2018 | 06:59 EDT
Brean Capital analyst Blair Brantley noted Heritage Commerce reported inline operating earnings but pointed out that pre-tax absolute results were better than expected by roughly 9%. He remains encouraged by the recent deal announcements expanding the company's Bay area presence, its excess liquidity, and its consistent profitability metrics. Brantley reiterated his Buy rating and $17.50 price target on Heritage Commerce shares.
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