Heritage Commerce Corp (HTBK) Shares Bought by Menta Capital LLC
Menta Capital LLC lifted its position in Heritage Commerce Corp (NASDAQ:HTBK) by 42.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 97,677 shares of the financial services provider’s stock after acquiring an additional 29,104 shares during the quarter. Menta Capital LLC owned approximately 0.26% of Heritage Commerce Corp worth $1,346,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Legal & General Group Plc lifted its position in shares of Heritage Commerce Corp by 20.4% in the 2nd quarter. Legal & General Group Plc now owns 7,903 shares of the financial services provider’s stock valued at $109,000 after acquiring an additional 1,339 shares in the last quarter. IFP Advisors Inc purchased a new stake in shares of Heritage Commerce Corp in the 2nd quarter valued at approximately $132,000. Two Sigma Securities LLC purchased a new stake in shares of Heritage Commerce Corp in the 1st quarter valued at approximately $150,000. Principal Financial Group Inc. purchased a new stake in shares of Heritage Commerce Corp in the 2nd quarter valued at approximately $175,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Heritage Commerce Corp in the 1st quarter valued at approximately $196,000. Institutional investors and hedge funds own 69.47% of the company’s stock.
Shares of Heritage Commerce Corp (NASDAQ HTBK) opened at 13.87 on Friday. The stock has a market cap of $528.86 million, a P/E ratio of 19.03 and a beta of 0.51. Heritage Commerce Corp has a 52-week low of $10.23 and a 52-week high of $14.87. The firm has a 50-day moving average of $13.52 and a 200-day moving average of $13.77.
Heritage Commerce Corp (NASDAQ:HTBK) last released its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.19 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.19. The company had revenue of $27.23 million during the quarter, compared to analysts’ expectations of $27.90 million. Heritage Commerce Corp had a net margin of 25.75% and a return on equity of 10.61%. On average, equities analysts expect that Heritage Commerce Corp will post $0.78 EPS for the current fiscal year.
In other news, Director Komas Julianne M. Biagini sold 3,650 shares of the business’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $13.65, for a total value of $49,822.50. Following the sale, the director now owns 25,696 shares of the company’s stock, valued at $350,750.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director J Philip Dinapoli acquired 5,000 shares of the business’s stock in a transaction dated Thursday, August 10th. The stock was acquired at an average cost of $13.53 per share, for a total transaction of $67,650.00. Following the transaction, the director now owns 163,376 shares of the company’s stock, valued at $2,210,477.28. The disclosure for this purchase can be found here. 5.69% of the stock is owned by corporate insiders.
Several equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Heritage Commerce Corp from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Brean Capital reiterated a “buy” rating on shares of Heritage Commerce Corp in a research report on Thursday, August 3rd. BidaskClub downgraded shares of Heritage Commerce Corp from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 22nd. Finally, ValuEngine downgraded shares of Heritage Commerce Corp from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Heritage Commerce Corp presently has an average rating of “Hold” and a consensus price target of $15.50.
About Heritage Commerce Corp
Heritage Commerce Corp is a bank holding company. The Company, through its subsidiary Heritage Bank of Commerce (the Bank), provides a range of banking services. The Bank is a California state-chartered multi-community independent bank that offers a range of commercial banking services to small and medium-sized businesses and their owners, managers and employees.
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