51,022 Shares in Heritage Commerce Corp (NASDAQ:HTBK) Purchased by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC bought a new stake in shares of Heritage Commerce Corp (NASDAQ:HTBK - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 51,022 shares of the financial services provider's stock, valued at approximately $479,000. Susquehanna Fundamental Investments LLC owned 0.08% of Heritage Commerce at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. US Bancorp DE raised its holdings in Heritage Commerce by 64.8% during the fourth quarter. US Bancorp DE now owns 3,473 shares of the financial services provider's stock worth $33,000 after purchasing an additional 1,365 shares in the last quarter. Two Sigma Securities LLC bought a new stake in shares of Heritage Commerce in the 4th quarter worth $97,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Heritage Commerce in the fourth quarter valued at $99,000. Holcombe Financial Inc. bought a new position in Heritage Commerce during the fourth quarter valued at about $118,000. Finally, Fox Run Management L.L.C. acquired a new position in Heritage Commerce during the fourth quarter worth about $123,000. 75.55% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Heritage Commerce

In other news, CEO Robertson Clay Jones, Jr. sold 5,145 shares of the business's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $9.73, for a total transaction of $50,060.85. Following the transaction, the chief executive officer now directly owns 254,227 shares in the company, valued at $2,473,628.71. The trade was a 1.98 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jack W. Conner sold 4,000 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $10.52, for a total value of $42,080.00. Following the sale, the director now owns 108,512 shares of the company's stock, valued at approximately $1,141,546.24. This represents a 3.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,747 shares of company stock valued at $107,728 in the last 90 days. 2.71% of the stock is currently owned by corporate insiders.

Heritage Commerce Stock Performance

Shares of HTBK opened at $9.30 on Friday. The company has a 50-day moving average of $9.29 and a two-hundred day moving average of $9.75. The stock has a market cap of $572.98 million, a price-to-earnings ratio of 14.09 and a beta of 0.81. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.73 and a quick ratio of 0.73. Heritage Commerce Corp has a one year low of $7.74 and a one year high of $11.27.

Heritage Commerce (NASDAQ:HTBK - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.01. The firm had revenue of $46.06 million for the quarter, compared to analysts' expectations of $45.89 million. Heritage Commerce had a net margin of 16.12% and a return on equity of 5.96%. On average, equities research analysts expect that Heritage Commerce Corp will post 0.8 earnings per share for the current year.

Heritage Commerce Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $0.52 dividend on an annualized basis and a yield of 5.59%. Heritage Commerce's payout ratio is presently 76.47%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HTBK. Stephens reaffirmed an "overweight" rating and issued a $11.00 price objective on shares of Heritage Commerce in a research note on Monday, April 28th. Raymond James set a $10.00 price target on shares of Heritage Commerce in a research report on Monday, April 28th. Finally, Keefe, Bruyette & Woods cut their price objective on Heritage Commerce from $11.50 to $11.00 and set an "outperform" rating for the company in a research report on Friday, April 25th.

Heritage Commerce Company Profile

Heritage Commerce Corp operates as the bank holding company for Heritage Bank of Commerce that provides various commercial and personal banking services to residents and the business/professional community in California. Its deposit products for business banking and retail markets include interest and non-interest-bearing demand, savings, and money market accounts, as well as certificates of deposit and time deposits.

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