Heritage Commerce (NASDAQ:HTBK) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Wednesday.

Other equities analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Heritage Commerce from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. Brean Capital set a $16.00 price target on shares of Heritage Commerce and gave the stock a “buy” rating in a research report on Monday, October 23rd. Finally, ValuEngine lowered shares of Heritage Commerce from a “buy” rating to a “hold” rating in a research report on Saturday, December 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Heritage Commerce has a consensus rating of “Hold” and an average target price of $16.67.

Heritage Commerce (NASDAQ HTBK) opened at $15.53 on Wednesday. The firm has a market cap of $593.64, a PE ratio of 20.17, a PEG ratio of 1.93 and a beta of 0.51. Heritage Commerce has a 1 year low of $12.76 and a 1 year high of $16.63. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.77 and a quick ratio of 0.76.

Heritage Commerce (NASDAQ:HTBK) last issued its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.01. The company had revenue of $28.78 million for the quarter, compared to analyst estimates of $28.70 million. Heritage Commerce had a net margin of 26.40% and a return on equity of 11.15%. sell-side analysts predict that Heritage Commerce will post 0.8 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP increased its position in Heritage Commerce by 227.1% during the third quarter. GSA Capital Partners LLP now owns 89,575 shares of the financial services provider’s stock worth $1,275,000 after acquiring an additional 62,187 shares during the period. Jane Street Group LLC bought a new position in Heritage Commerce during the third quarter worth about $275,000. OxFORD Asset Management LLP increased its position in Heritage Commerce by 26.8% during the third quarter. OxFORD Asset Management LLP now owns 61,331 shares of the financial services provider’s stock worth $875,000 after acquiring an additional 12,949 shares during the period. Dimensional Fund Advisors LP increased its position in Heritage Commerce by 5.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,652,384 shares of the financial services provider’s stock worth $23,513,000 after acquiring an additional 82,543 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its position in Heritage Commerce by 147.3% during the third quarter. Schwab Charles Investment Management Inc. now owns 129,836 shares of the financial services provider’s stock worth $1,848,000 after acquiring an additional 77,336 shares during the period. 69.98% of the stock is currently owned by institutional investors and hedge funds.

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About Heritage Commerce

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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