Trexquant Investment LP Purchases Shares of 10,253 Heritage Commerce Corp (HTBK)
Trexquant Investment LP purchased a new stake in Heritage Commerce Corp (NASDAQ:HTBK) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 10,253 shares of the financial services provider’s stock, valued at approximately $146,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Legal & General Group Plc grew its position in Heritage Commerce by 20.4% during the second quarter. Legal & General Group Plc now owns 7,903 shares of the financial services provider’s stock worth $109,000 after buying an additional 1,339 shares in the last quarter. IFP Advisors Inc purchased a new position in Heritage Commerce during the second quarter worth about $132,000. Principal Financial Group Inc. purchased a new position in Heritage Commerce during the second quarter worth about $175,000. Voya Investment Management LLC purchased a new position in Heritage Commerce during the second quarter worth about $189,000. Finally, Goldman Sachs Group Inc. grew its position in Heritage Commerce by 1.7% during the first quarter. Goldman Sachs Group Inc. now owns 16,613 shares of the financial services provider’s stock worth $234,000 after buying an additional 278 shares in the last quarter. Institutional investors own 69.98% of the company’s stock.
Heritage Commerce Corp (HTBK) opened at $15.86 on Monday. Heritage Commerce Corp has a 52-week low of $12.76 and a 52-week high of $16.63. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 0.77. The company has a market capitalization of $605.85, a PE ratio of 20.60, a P/E/G ratio of 1.97 and a beta of 0.51.
The company also recently declared a quarterly dividend, which was paid on Tuesday, November 21st. Shareholders of record on Tuesday, November 7th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.52%. The ex-dividend date was Monday, November 6th. Heritage Commerce’s dividend payout ratio (DPR) is currently 51.95%.
HTBK has been the subject of several recent analyst reports. Brean Capital set a $16.00 target price on Heritage Commerce and gave the stock a “buy” rating in a research report on Monday, October 23rd. Zacks Investment Research cut Heritage Commerce from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. BidaskClub cut Heritage Commerce from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 22nd. Finally, ValuEngine cut Heritage Commerce from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Heritage Commerce has an average rating of “Hold” and an average target price of $16.00.
TRADEMARK VIOLATION NOTICE: “Trexquant Investment LP Purchases Shares of 10,253 Heritage Commerce Corp (HTBK)” was posted by Watch List News and is the property of of Watch List News. If you are reading this report on another site, it was stolen and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://www.watchlistnews.com/trexquant-investment-lp-purchases-shares-of-10253-heritage-commerce-corp-htbk/1756887.html.
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.
Want to see what other hedge funds are holding HTBK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Heritage Commerce Corp (NASDAQ:HTBK).
Receive News & Ratings for Heritage Commerce Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heritage Commerce Corp and related companies with MarketBeat.com's FREE daily email newsletter.