28,448 Shares in Heritage Commerce Corp (NASDAQ:HTBK) Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd bought a new stake in Heritage Commerce Corp (NASDAQ:HTBK) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 28,448 shares of the financial services provider’s stock, valued at approximately $281,000.

Other large investors also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. lifted its stake in shares of Heritage Commerce by 830.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,024,377 shares of the financial services provider’s stock valued at $8,912,000 after purchasing an additional 914,249 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Heritage Commerce by 3.9% in the first quarter. Vanguard Group Inc. now owns 3,309,141 shares of the financial services provider’s stock worth $28,392,000 after buying an additional 123,973 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Heritage Commerce by 27.7% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 16,262 shares of the financial services provider’s stock worth $161,000 after acquiring an additional 3,529 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Heritage Commerce by 106.9% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 29,300 shares of the financial services provider’s stock valued at $255,000 after acquiring an additional 15,136 shares during the last quarter. Finally, CWM LLC raised its stake in shares of Heritage Commerce by 148.0% in the 2nd quarter. CWM LLC now owns 9,936 shares of the financial services provider’s stock valued at $86,000 after acquiring an additional 5,929 shares in the last quarter. 75.55% of the stock is owned by institutional investors.

Heritage Commerce Stock Down 0.4 %

HTBK stock opened at $10.62 on Monday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.73 and a quick ratio of 0.73. The company has a 50-day moving average of $10.07 and a two-hundred day moving average of $9.47. The stock has a market capitalization of $651.01 million, a price-to-earnings ratio of 14.96 and a beta of 0.93. Heritage Commerce Corp has a 52-week low of $7.66 and a 52-week high of $11.27.

Heritage Commerce (NASDAQ:HTBK) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.17. Heritage Commerce had a return on equity of 6.37% and a net margin of 17.61%. The firm had revenue of $63.68 million for the quarter, compared to analyst estimates of $43.14 million. As a group, equities research analysts anticipate that Heritage Commerce Corp will post 0.66 EPS for the current year.

Heritage Commerce Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 7th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 4.90%. The ex-dividend date of this dividend was Thursday, November 7th. Heritage Commerce’s payout ratio is currently 73.24%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Heritage Commerce from a “hold” rating to a “sell” rating in a research report on Tuesday, November 26th.

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.