Wells Fargo & Company MN raised its stake in shares of Heritage Commerce Corp (NASDAQ:HTBK) by 0.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,069 shares of the financial services provider’s stock after acquiring an additional 32 shares during the quarter. Wells Fargo & Company MN owned approximately 0.09% of Heritage Commerce Corp worth $497,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HTBK. Goldman Sachs Group Inc. boosted its position in shares of Heritage Commerce Corp by 1.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 16,613 shares of the financial services provider’s stock worth $234,000 after purchasing an additional 278 shares in the last quarter. American International Group Inc. boosted its position in shares of Heritage Commerce Corp by 6.9% in the 1st quarter. American International Group Inc. now owns 16,039 shares of the financial services provider’s stock worth $226,000 after purchasing an additional 1,038 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Heritage Commerce Corp by 20.4% in the 2nd quarter. Legal & General Group Plc now owns 7,903 shares of the financial services provider’s stock worth $109,000 after purchasing an additional 1,339 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Heritage Commerce Corp by 11.1% in the 1st quarter. Bank of America Corp DE now owns 19,692 shares of the financial services provider’s stock worth $277,000 after purchasing an additional 1,974 shares in the last quarter. Finally, John W. Rosenthal Capital Management Inc. boosted its position in shares of Heritage Commerce Corp by 3.0% in the 2nd quarter. John W. Rosenthal Capital Management Inc. now owns 160,100 shares of the financial services provider’s stock worth $2,206,000 after purchasing an additional 4,700 shares in the last quarter. 69.36% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Komas Julianne M. Biagini sold 3,650 shares of the firm’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $13.65, for a total transaction of $49,822.50. Following the sale, the director now directly owns 25,696 shares in the company, valued at approximately $350,750.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 5.69% of the company’s stock.

A number of analysts have recently weighed in on HTBK shares. BidaskClub cut Heritage Commerce Corp from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 22nd. Zacks Investment Research lowered Heritage Commerce Corp from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. Brean Capital set a $16.00 target price on Heritage Commerce Corp and gave the stock a “buy” rating in a research note on Monday, October 23rd. Finally, ValuEngine lowered Heritage Commerce Corp from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Heritage Commerce Corp has an average rating of “Hold” and a consensus price target of $16.00.

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Heritage Commerce Corp (NASDAQ:HTBK) opened at $14.72 on Monday. The firm has a market capitalization of $562.30, a PE ratio of 19.12, a price-to-earnings-growth ratio of 1.83 and a beta of 0.49. Heritage Commerce Corp has a 52 week low of $11.67 and a 52 week high of $15.55. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 0.77.

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

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 21st. Shareholders of record on Tuesday, November 7th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, November 6th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.72%. Heritage Commerce Corp’s payout ratio is currently 51.95%.

About Heritage Commerce Corp

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.

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

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