Monteverde & Associates Investigates HTBK's Sale to CVB Financial Corp
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: PRnewswire
- Shareholder Rights Protection: Monteverde & Associates is investigating the transaction between Heritage Commerce Corp (HTBK) and CVB Financial Corp, where HTBK shareholders are expected to receive 0.6500 shares of CVB common stock for each share of Heritage, aiming to ensure a fair deal for shareholders.
- Legal Expertise: The firm is recognized as a Top 50 firm in the 2024 ISS Securities Class Action Services Report, showcasing its professional capability and successful track record in protecting shareholder rights.
- Headquarter Advantage: Based in the Empire State Building in New York, Monteverde & Associates leverages its location and resources to provide legal support to shareholders nationwide, enhancing its influence in the securities class action field.
- Free Consultation Services: The firm offers free legal consultations to shareholders, aiming to help them understand the potential impacts of the transaction, thereby boosting shareholder confidence in the legal process.
HTBK
$12.49+Infinity%1D
Analyst Views on HTBK
Wall Street analysts forecast HTBK stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for HTBK is 11.88 USD with a low forecast of 11.00 USD and a high forecast of 12.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
4 Buy
0 Hold
0 Sell
Strong Buy
Current: 12.530
Low
11.00
Averages
11.88
High
12.50
Current: 12.530
Low
11.00
Averages
11.88
High
12.50
About HTBK
Heritage Commerce Corp is a bank holding company for its wholly owned subsidiary, Heritage Bank of Commerce (the Bank). The Bank offers a full line of banking services and products to business and individual clients, with a focus on small and medium-sized business and their owners, managers and employees. Its lending activities are diversified and include commercial, real estate, construction and land development, consumer and small business administration (SBA) guaranteed loans. The Bank offers a range of deposit products for business banking and retail markets. It offers a multitude of other products and services to complement its lending and deposit services. Through its Bank subsidiary, CSNK Working Capital Finance Corp., the Company provides factoring financing throughout the United States. Its operations are located in the general San Francisco Bay Area of California in the counties of Alameda, Contra Costa, Marin, San Benito, San Francisco, San Mateo, and Santa Clara.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
