Universal Beteiligungs und Servicegesellschaft mbH Invests $301,000 in Heritage Commerce Corp (NASDAQ:HTBK)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Heritage Commerce Corp (NASDAQ:HTBK - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 31,589 shares of the financial services provider's stock, valued at approximately $301,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.05% of Heritage Commerce at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of HTBK. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Heritage Commerce by 3.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,920 shares of the financial services provider's stock valued at $318,000 after buying an additional 1,115 shares during the period. First Trust Advisors LP lifted its stake in shares of Heritage Commerce by 3.5% during the fourth quarter. First Trust Advisors LP now owns 38,379 shares of the financial services provider's stock valued at $360,000 after buying an additional 1,297 shares during the period. SummerHaven Investment Management LLC lifted its stake in shares of Heritage Commerce by 1.7% during the first quarter. SummerHaven Investment Management LLC now owns 90,202 shares of the financial services provider's stock valued at $859,000 after buying an additional 1,484 shares during the period. Quarry LP lifted its stake in shares of Heritage Commerce by 562.4% during the fourth quarter. Quarry LP now owns 3,153 shares of the financial services provider's stock valued at $30,000 after buying an additional 2,677 shares during the period. Finally, Cerity Partners LLC lifted its stake in shares of Heritage Commerce by 1.9% during the first quarter. Cerity Partners LLC now owns 148,300 shares of the financial services provider's stock valued at $1,412,000 after buying an additional 2,726 shares during the period. Hedge funds and other institutional investors own 75.55% of the company's stock.

Insider Activity

In other Heritage Commerce news, COO Thomas A. Sa acquired 20,000 shares of the company's stock in a transaction dated Friday, August 1st. The stock was bought at an average price of $9.25 per share, with a total value of $185,000.00. Following the completion of the transaction, the chief operating officer directly owned 20,000 shares of the company's stock, valued at approximately $185,000. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.71% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on HTBK shares. Stephens reissued an "overweight" rating and set a $11.00 price objective on shares of Heritage Commerce in a research note on Monday, April 28th. Raymond James Financial set a $10.00 price objective on shares of Heritage Commerce in a research note on Monday, April 28th. Keefe, Bruyette & Woods dropped their price target on shares of Heritage Commerce from $11.50 to $11.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Finally, Wall Street Zen lowered shares of Heritage Commerce from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th.

Heritage Commerce Trading Up 0.1%

HTBK stock traded up $0.01 on Friday, hitting $9.33. 176,258 shares of the company were exchanged, compared to its average volume of 417,130. Heritage Commerce Corp has a twelve month low of $8.09 and a twelve month high of $11.27. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.75 and a quick ratio of 0.75. The business's fifty day moving average is $9.77 and its two-hundred day moving average is $9.60. The stock has a market capitalization of $574.63 million, a price-to-earnings ratio of 14.79 and a beta of 0.85.

Heritage Commerce (NASDAQ:HTBK - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.21 EPS for the quarter, topping the consensus estimate of $0.19 by $0.02. Heritage Commerce had a net margin of 15.00% and a return on equity of 6.62%. The firm had revenue of $47.78 million during the quarter, compared to analyst estimates of $47.17 million. As a group, research analysts forecast that Heritage Commerce Corp will post 0.8 earnings per share for the current year.

Heritage Commerce Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th will be given a $0.13 dividend. The ex-dividend date of this dividend is Thursday, August 7th. This represents a $0.52 annualized dividend and a dividend yield of 5.6%. Heritage Commerce's dividend payout ratio is presently 82.54%.

About Heritage Commerce

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.