Dimensional Fund Advisors LP increased its holdings in Heritage Commerce Corp. (NASDAQ:HTBK) by 5.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,652,384 shares of the financial services provider’s stock after purchasing an additional 82,543 shares during the period. Dimensional Fund Advisors LP’s holdings in Heritage Commerce were worth $23,513,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of HTBK. Legal & General Group Plc boosted its holdings in Heritage Commerce by 20.4% in the second 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. Trexquant Investment LP bought a new stake in Heritage Commerce in the third quarter worth $146,000. Principal Financial Group Inc. bought a new stake in Heritage Commerce in the second quarter worth $175,000. Voya Investment Management LLC bought a new stake in Heritage Commerce in the second quarter worth $189,000. Finally, Dynamic Technology Lab Private Ltd boosted its holdings in Heritage Commerce by 27.8% in the second quarter. Dynamic Technology Lab Private Ltd now owns 17,737 shares of the financial services provider’s stock worth $245,000 after purchasing an additional 3,856 shares in the last quarter. Hedge funds and other institutional investors own 69.98% of the company’s stock.

A number of brokerages recently issued reports on HTBK. Zacks Investment Research cut shares of Heritage Commerce from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Brean Capital set a $18.00 price objective on shares of Heritage Commerce and gave the stock a “buy” rating in a report on Friday, January 12th. BidaskClub upgraded shares of Heritage Commerce from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Finally, ValuEngine cut shares of Heritage Commerce from a “buy” rating to a “hold” rating in a report on Saturday, December 9th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Heritage Commerce has an average rating of “Hold” and a consensus target price of $16.67.

Heritage Commerce Corp. (NASDAQ HTBK) opened at $16.57 on Friday. The firm has a market cap of $629.55, a price-to-earnings ratio of 21.52, a price-to-earnings-growth ratio of 1.80 and a beta of 0.51. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 0.14. Heritage Commerce Corp. has a 52-week low of $12.76 and a 52-week high of $16.80.

Heritage Commerce (NASDAQ:HTBK) last released its earnings results on Thursday, October 26th. The financial services provider reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.01. The firm 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 0.81 earnings per share for the current year.

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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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