Boston Non-public Wealth LLC lowered its holdings in shares of Heritage Commerce Corp. (NASDAQ:HTBK) by three.eight% within the third quarter, in line with the corporate in its most up-to-date submitting with the Securities and Change Fee (SEC). The agency owned 105,127 shares of the monetary companies supplier’s inventory after promoting four,203 shares through the interval. Boston Non-public Wealth LLC’s holdings in Heritage Commerce have been value $1,236,000 as of its most up-to-date SEC submitting.
A lot of different massive traders have additionally modified their holdings of the inventory. Marshall Wace North America L.P. acquired a brand new place in Heritage Commerce through the first quarter value $56,000. WINTON GROUP Ltd purchased a brand new place in Heritage Commerce within the second quarter valued at about $170,000. Campbell & CO Funding Adviser LLC purchased a brand new place in Heritage Commerce within the second quarter valued at about $128,000. Safety Nationwide Financial institution boosted its holdings in Heritage Commerce by 6.7% within the second quarter. Safety Nationwide Financial institution now owns 217,883 shares of the monetary companies supplier’s inventory valued at $2,669,000 after buying a further 13,688 shares over the last quarter. Lastly, Quantitative Systematic Methods LLC purchased a brand new place in Heritage Commerce within the second quarter valued at about $141,000. Hedge funds and different institutional traders personal 77.72% of the corporate’s inventory.
NASDAQ:HTBK traded down $zero.08 throughout mid-day buying and selling on Friday, hitting $12.30. The corporate had a buying and selling quantity of two,771 shares, in comparison with its common quantity of 286,109. Heritage Commerce Corp. has a fifty-two week low of $10.84 and a fifty-two week excessive of $14.76. The enterprise’s fifty day shifting common is $11.73 and its two-hundred day shifting common is $11.96. The corporate has a debt-to-equity ratio of zero.10, a fast ratio of zero.72 and a present ratio of zero.73. The agency has a market cap of $531.99 million, a P/E ratio of 11.62 and a beta of zero.83.
Heritage Commerce (NASDAQ:HTBK) final launched its earnings outcomes on Thursday, October 24th. The monetary companies supplier reported $zero.26 earnings per share for the quarter, assembly the consensus estimate of $zero.26. Heritage Commerce had a return on fairness of 13.05% and a internet margin of 32.92%. The agency had income of $33.24 million for the quarter, in comparison with analyst estimates of $33.99 million. Equities analysts forecast that Heritage Commerce Corp. will publish 1.05 earnings per share for the present yr.
The enterprise additionally lately introduced a quarterly dividend, which will probably be paid on Tuesday, November 19th. Shareholders of document on Tuesday, November fifth will probably be paid a $zero.12 dividend. This represents a $zero.48 annualized dividend and a yield of three.90%. The ex-dividend date is Monday, November 4th. Heritage Commerce’s payout ratio is 45.28%.
A number of analysis companies lately issued stories on HTBK. BidaskClub minimize Heritage Commerce from a “promote” ranking to a “robust promote” ranking in a report on Wednesday, September 25th. ValuEngine raised Heritage Commerce from a “promote” ranking to a “maintain” ranking in a analysis observe on Friday, October 4th. Lastly, Zacks Investment Research raised Heritage Commerce from a “promote” ranking to a “maintain” ranking in a analysis observe on Tuesday, October 1st.
About Heritage Commerce
Heritage Commerce Corp operates because the financial institution holding firm for Heritage Financial institution of Commerce that gives numerous business and private banking companies to residents and the enterprise/skilled neighborhood in California. It gives a variety of deposit merchandise for enterprise banking and retail markets, together with curiosity and non-interest bearing demand, financial savings accounts, certificates of deposit, cash market accounts, and time deposits.
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