SG Americas Securities LLC Buys 2,558 Shares of Heritage Commerce Corp (NASDAQ:HTBK)

SG Americas Securities LLC boosted its stake in shares of Heritage Commerce Corp (NASDAQ:HTBK) by 5.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 45,763 shares of the financial services provider’s stock after buying an additional 2,558 shares during the period. SG Americas Securities LLC owned approximately 0.07% of Heritage Commerce worth $429,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP purchased a new stake in shares of Heritage Commerce during the third quarter valued at $20,093,000. Assenagon Asset Management S.A. increased its position in shares of Heritage Commerce by 58.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 463,774 shares of the financial services provider’s stock worth $4,350,000 after acquiring an additional 170,989 shares during the period. AQR Capital Management LLC raised its stake in shares of Heritage Commerce by 32.5% during the second quarter. AQR Capital Management LLC now owns 544,471 shares of the financial services provider’s stock valued at $4,737,000 after acquiring an additional 133,514 shares in the last quarter. State Street Corp boosted its holdings in shares of Heritage Commerce by 3.2% in the third quarter. State Street Corp now owns 1,965,643 shares of the financial services provider’s stock valued at $19,421,000 after purchasing an additional 61,630 shares during the period. Finally, GSA Capital Partners LLP grew its stake in Heritage Commerce by 49.4% in the third quarter. GSA Capital Partners LLP now owns 127,528 shares of the financial services provider’s stock worth $1,260,000 after purchasing an additional 42,167 shares in the last quarter. 75.55% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on HTBK shares. Keefe, Bruyette & Woods lowered their target price on Heritage Commerce from $12.50 to $11.50 and set an “outperform” rating for the company in a report on Friday, January 24th. StockNews.com upgraded shares of Heritage Commerce from a “sell” rating to a “hold” rating in a report on Wednesday, December 4th. Finally, Stephens reissued an “equal weight” rating and set a $11.00 target price on shares of Heritage Commerce in a research report on Monday, January 27th.

Heritage Commerce Trading Down 1.1 %

NASDAQ HTBK opened at $9.69 on Monday. The firm has a market cap of $594.00 million, a PE ratio of 14.68 and a beta of 0.96. Heritage Commerce Corp has a 52 week low of $7.66 and a 52 week high of $11.27. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.06. The company has a 50 day moving average price of $9.74 and a 200 day moving average price of $9.90.

Heritage Commerce (NASDAQ:HTBK) last issued its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.17 earnings per share for the quarter, hitting the consensus estimate of $0.17. Heritage Commerce had a return on equity of 5.96% and a net margin of 16.12%. As a group, sell-side analysts forecast that Heritage Commerce Corp will post 0.78 EPS for the current fiscal year.

Heritage Commerce Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th will be paid a dividend of $0.13 per share. The ex-dividend date is Thursday, February 6th. This represents a $0.52 annualized dividend and a dividend yield of 5.37%. Heritage Commerce’s payout ratio is currently 78.79%.

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.