Shares of Heritage Commerce Corp. (NASDAQ:HTBK) saw an uptick in trading volume on Wednesday . 730,877 shares changed hands during trading, an increase of 580% from the previous session’s volume of 107,552 shares.The stock last traded at $15.70 and had previously closed at $15.51.

A number of research firms have commented on HTBK. Brean Capital reiterated a “buy” rating on shares of Heritage Commerce in a research note on Monday, October 30th. ValuEngine downgraded shares of Heritage Commerce from a “buy” rating to a “hold” rating in a research report on Saturday, December 9th. Zacks Investment Research upgraded shares of Heritage Commerce from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Wednesday, September 27th. Finally, BidaskClub downgraded shares of Heritage Commerce from a “buy” rating to a “hold” rating in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $16.00.

The company has a debt-to-equity ratio of 0.14, a current ratio of 0.77 and a quick ratio of 0.76. The stock has a market capitalization of $598.59, a PE ratio of 20.35, a PEG ratio of 1.95 and a beta of 0.51.

Heritage Commerce (NASDAQ:HTBK) last posted its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.01. Heritage Commerce had a net margin of 26.40% and a return on equity of 11.15%. The company had revenue of $28.78 million for the quarter, compared to the consensus estimate of $28.70 million. equities analysts forecast that Heritage Commerce Corp. will post 0.8 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 21st. Stockholders of record on Tuesday, November 7th were given a $0.10 dividend. The ex-dividend date of this dividend was Monday, November 6th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.55%. Heritage Commerce’s payout ratio is currently 51.95%.

Several institutional investors have recently bought and sold shares of HTBK. Teachers Advisors LLC lifted its position in shares of Heritage Commerce by 48.6% in the 1st quarter. Teachers Advisors LLC now owns 76,734 shares of the financial services provider’s stock worth $1,082,000 after buying an additional 25,106 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Heritage Commerce by 4.3% in the 1st quarter. Vanguard Group Inc. now owns 1,395,004 shares of the financial services provider’s stock worth $19,669,000 after buying an additional 57,100 shares during the last quarter. Bank of America Corp DE lifted its position in Heritage Commerce by 11.1% in the 1st quarter. Bank of America Corp DE now owns 19,692 shares of the financial services provider’s stock valued at $277,000 after purchasing an additional 1,974 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Heritage Commerce by 1.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 16,613 shares of the financial services provider’s stock valued at $234,000 after purchasing an additional 278 shares during the last quarter. Finally, IFP Advisors Inc bought a new stake in Heritage Commerce in the 2nd quarter valued at about $132,000. Institutional investors own 69.98% of the company’s stock.

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Heritage Commerce Company Profile

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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