According to Zacks, “Heritage Commerce Corp. is the holding company of Heritage Bank of Commerce, Heritage Bank East Bay, Heritage Bank South Valley and Bank of Los Altos. The company offers a range of loans, primarily commercial, including real estate, construction, Small Business Administration), inventory and accounts receivable, and equipment loans. The company also accepts checking, savings, and time deposits; NOW and money market deposit accounts; and provides travelers’ checks, safe deposit, and other customary non-deposit banking services. “
Heritage Commerce Corp. (NASDAQ:HTBK) opened at 10.82 on Monday. Heritage Commerce Corp. has a 52 week low of $8.84 and a 52 week high of $12.38. The company has a market cap of $349.43 million, a price-to-earnings ratio of 19.08 and a beta of 0.91. The stock has a 50 day moving average price of $11.37 and a 200 day moving average price of $10.69.
Heritage Commerce Corp. (NASDAQ:HTBK) last announced its quarterly earnings data on Friday, July 29th. The financial services provider reported $0.19 earnings per share for the quarter. Heritage Commerce Corp. had a return on equity of 9.21% and a net margin of 21.08%. On average, equities analysts forecast that Heritage Commerce Corp. will post $0.74 earnings per share for the current year.
In other Heritage Commerce Corp. news, Director Komas Julianne M. Biagini sold 5,086 shares of the stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $11.45, for a total transaction of $58,234.70. Following the sale, the director now owns 30,615 shares in the company, valued at $350,541.75. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director W Kirk Wycoff sold 80,000 shares of the stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $11.86, for a total value of $948,800.00. The disclosure for this sale can be found here. Company insiders own 19.72% of the company’s stock.
Large investors have recently bought and sold shares of the company. Penn Capital Management Co. Inc. bought a new stake in Heritage Commerce Corp. during the second quarter valued at about $1,787,000. Stieven Capital Advisors L.P. increased its stake in Heritage Commerce Corp. by 95.8% in the second quarter. Stieven Capital Advisors L.P. now owns 321,509 shares of the financial services provider’s stock valued at $3,385,000 after buying an additional 157,270 shares in the last quarter. Emerald Mutual Fund Advisers Trust bought a new stake in Heritage Commerce Corp. during the second quarter valued at about $1,460,000. BlackRock Fund Advisors increased its stake in Heritage Commerce Corp. by 8.3% in the second quarter. BlackRock Fund Advisors now owns 671,547 shares of the financial services provider’s stock valued at $7,071,000 after buying an additional 51,278 shares in the last quarter. Finally, Consector Capital LP bought a new stake in Heritage Commerce Corp. during the first quarter valued at about $512,000. Hedge funds and other institutional investors own 52.13% of the company’s stock.
About Heritage Commerce Corp.
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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