SG Americas Securities LLC acquired a new position in shares of Heritage Commerce Corp (NASDAQ:HTBK) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 49,147 shares of the financial services provider’s stock, valued at approximately $699,000. SG Americas Securities LLC owned 0.13% of Heritage Commerce as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HTBK. Teachers Advisors LLC lifted its holdings in shares of Heritage Commerce by 48.6% in the first quarter. Teachers Advisors LLC now owns 76,734 shares of the financial services provider’s stock worth $1,082,000 after acquiring an additional 25,106 shares during the last quarter. TIAA CREF Investment Management LLC lifted its holdings in shares of Heritage Commerce by 26.2% in the first quarter. TIAA CREF Investment Management LLC now owns 128,329 shares of the financial services provider’s stock worth $1,809,000 after acquiring an additional 26,647 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Heritage Commerce by 4.3% in the first quarter. Vanguard Group Inc. now owns 1,395,004 shares of the financial services provider’s stock worth $19,669,000 after acquiring an additional 57,100 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Heritage Commerce by 5.0% in the first quarter. Geode Capital Management LLC now owns 366,672 shares of the financial services provider’s stock worth $5,170,000 after acquiring an additional 17,489 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Heritage Commerce by 9.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,460,283 shares of the financial services provider’s stock worth $20,590,000 after acquiring an additional 122,917 shares during the last quarter. 69.98% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have recently commented on the stock. Brean Capital reissued a “buy” rating on shares of Heritage Commerce in a report on Tuesday. Zacks Investment Research raised shares of Heritage Commerce from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a report on Tuesday, October 31st. BidaskClub cut shares of Heritage Commerce from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 22nd. Finally, ValuEngine cut shares of Heritage Commerce from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. One equities 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’s stock. The stock has an average rating of “Hold” and an average price target of $16.00.

Heritage Commerce Corp (HTBK) opened at $16.15 on Thursday. The stock has a market cap of $616.93, a P/E ratio of 20.97, a P/E/G ratio of 2.01 and a beta of 0.51. Heritage Commerce Corp has a fifty-two week low of $12.76 and a fifty-two week high of $16.63. The company has a quick ratio of 0.76, a current ratio of 0.77 and a debt-to-equity ratio of 0.14.

Heritage Commerce (NASDAQ:HTBK) last issued its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 had a net margin of 26.40% and a return on equity of 11.15%. equities analysts expect that Heritage Commerce Corp will post 0.8 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 21st. Investors of record on Tuesday, November 7th were issued a $0.10 dividend. The ex-dividend date was Monday, November 6th. This represents a $0.40 dividend on an annualized basis and a yield of 2.48%. Heritage Commerce’s dividend payout ratio (DPR) is presently 51.95%.

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Heritage Commerce 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.

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

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