Squarepoint Ops LLC Has $172,000 Stock Holdings in Heritage Commerce Corp (NASDAQ:HTBK)

Squarepoint Ops LLC cut its position in Heritage Commerce Corp (NASDAQ:HTBK) by 75.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 15,463 shares of the financial services provider’s stock after selling 46,565 shares during the quarter. Squarepoint Ops LLC’s holdings in Heritage Commerce were worth $172,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Marshall Wace North America L.P. acquired a new stake in shares of Heritage Commerce during the first quarter worth $56,000. Eaton Vance Management acquired a new stake in shares of Heritage Commerce during the first quarter worth $67,000. XTX Topco Ltd acquired a new stake in shares of Heritage Commerce during the second quarter worth $114,000. Eqis Capital Management Inc. acquired a new stake in shares of Heritage Commerce during the second quarter worth $121,000. Finally, Occudo Quantitative Strategies LP acquired a new stake in shares of Heritage Commerce during the second quarter worth $124,000. Institutional investors own 70.89% of the company’s stock.

Separately, Zacks Investment Research lowered shares of Heritage Commerce from a “buy” rating to a “hold” rating in a report on Wednesday, November 3rd.

Shares of HTBK stock opened at $11.79 on Thursday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.07. Heritage Commerce Corp has a 1 year low of $8.40 and a 1 year high of $12.65. The firm’s fifty day moving average price is $11.77 and its two-hundred day moving average price is $11.51. The firm has a market capitalization of $710.58 million, a P/E ratio of 15.51 and a beta of 1.18.

Heritage Commerce (NASDAQ:HTBK) last issued its quarterly earnings results on Thursday, October 28th. The financial services provider reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.02. Heritage Commerce had a net margin of 28.64% and a return on equity of 7.81%. The firm had revenue of $40.59 million for the quarter, compared to analyst estimates of $39.58 million. As a group, equities research analysts forecast that Heritage Commerce Corp will post 0.79 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 23rd. Stockholders of record on Tuesday, November 9th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.41%. The ex-dividend date of this dividend was Monday, November 8th. Heritage Commerce’s dividend payout ratio (DPR) is presently 68.42%.

In other Heritage Commerce news, Director Jason Philip Dinapoli acquired 5,000 shares of the business’s stock in a transaction on Thursday, November 11th. The stock was purchased at an average price of $12.14 per share, with a total value of $60,700.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Stephen G. Heitel sold 27,350 shares of the business’s stock in a transaction dated Monday, November 8th. The shares were sold at an average price of $12.15, for a total transaction of $332,302.50. The disclosure for this sale can be found here. Company insiders own 4.43% of the company’s stock.

Heritage Commerce Company Profile

Heritage Commerce Corp. is a holding company, which engages in the provision of banking. It operates through the following Banking and Factoring segments. The Banking segment includes holding company’s results of operations. The Factoring segment focuses on factoring originated by bay view funding. The company was founded in 1997 and is headquartered in San Jose, CA.

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Institutional Ownership by Quarter for Heritage Commerce (NASDAQ:HTBK)

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