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.

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

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.

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

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