Commerce

New York State Frequent Retirement Fund Raises Place in Heritage Commerce Corp (NASDAQ:HTBK)


New York State Frequent Retirement Fund elevated its holdings in Heritage Commerce Corp (NASDAQ:HTBK – Get Ranking) by 25.5% throughout the first quarter, in accordance with the corporate in its most up-to-date 13F submitting with the Securities & Change Fee. The agency owned 158,082 shares of the monetary providers supplier’s inventory after buying a further 32,109 shares throughout the quarter. New York State Frequent Retirement Fund owned 0.26% of Heritage Commerce price $1,778,000 as of its most up-to-date submitting with the Securities & Change Fee.

A lot of different hedge funds have additionally just lately modified their holdings of the corporate. Truist Monetary Corp boosted its stake in Heritage Commerce by 5.5% throughout the first quarter. Truist Monetary Corp now owns 28,171 shares of the monetary providers supplier’s inventory price $317,000 after buying a further 1,481 shares within the final quarter. Allspring World Investments Holdings LLC bought a brand new place in shares of Heritage Commerce throughout the first quarter valued at roughly $28,000. Janney Montgomery Scott LLC raised its holdings in shares of Heritage Commerce by 29.3% throughout the fourth quarter. Janney Montgomery Scott LLC now owns 13,140 shares of the monetary providers supplier’s inventory valued at $157,000 after buying a further 2,978 shares over the last quarter. PDT Companions LLC raised its holdings in shares of Heritage Commerce by 14.2% throughout the fourth quarter. PDT Companions LLC now owns 27,272 shares of the monetary providers supplier’s inventory valued at $326,000 after buying a further 3,385 shares over the last quarter. Lastly, Alliancebernstein L.P. raised its holdings in shares of Heritage Commerce by 0.6% throughout the fourth quarter. Alliancebernstein L.P. now owns 645,138 shares of the monetary providers supplier’s inventory valued at $7,703,000 after buying a further 3,742 shares over the last quarter. Hedge funds and different institutional traders personal 71.49% of the corporate’s inventory.

Heritage Commerce Inventory Up 1.4 %

Shares of HTBK inventory opened at $12.25 on Tuesday. Heritage Commerce Corp has a 12 month low of $10.42 and a 12 month excessive of $12.94. The inventory has a market cap of $743.20 million, a P/E ratio of 13.46 and a beta of 1.01. The corporate has a present ratio of 0.68, a fast ratio of 0.68 and a debt-to-equity ratio of 0.06. The corporate has a 50 day easy shifting common of $11.19 and a two-hundred day easy shifting common of $11.43.

Heritage Commerce Dividend Announcement

The corporate additionally just lately disclosed a quarterly dividend, which shall be paid on Thursday, August twenty fifth. Stockholders of document on Thursday, August eleventh shall be paid a $0.13 dividend. The ex-dividend date is Wednesday, August tenth. This represents a $0.52 dividend on an annualized foundation and a dividend yield of 4.24%. Heritage Commerce’s dividend payout ratio (DPR) is presently 57.14%.

Insider Transactions at Heritage Commerce

In different information, CFO Lawrence D. Mcgovern bought 2,500 shares of the inventory in a transaction on Friday, June third. The shares had been bought at a median worth of $11.37, for a complete worth of $28,425.00. Following the completion of the sale, the chief monetary officer now immediately owns 94,079 shares of the corporate’s inventory, valued at $1,069,678.23. The sale was disclosed in a submitting with the SEC, which is accessible by means of the SEC web site. In different information, CFO Lawrence D. Mcgovern bought 4,550 shares of the inventory in a transaction on Monday, June sixth. The shares had been bought at a median worth of $11.42, for a complete worth of $51,961.00. Following the completion of the sale, the chief monetary officer now immediately owns 89,529 shares of the corporate’s inventory, valued at $1,022,421.18. The sale was disclosed in a submitting with the SEC, which is accessible by means of the SEC web site. Additionally, CFO Lawrence D. Mcgovern bought 2,500 shares of the corporate’s inventory in a transaction on Friday, June third. The inventory was bought at a median worth of $11.37, for a complete transaction of $28,425.00. Following the transaction, the chief monetary officer now owns 94,079 shares of the corporate’s inventory, valued at roughly $1,069,678.23. The disclosure for this sale may be discovered right here. Company insiders personal 4.05% of the corporate’s inventory.

Analysts Set New Value Targets

Individually, Raymond James raised shares of Heritage Commerce from an “outperform” score to a “strong-buy” score and set a $13.00 worth goal for the corporate in a report on Thursday, July seventh.

About Heritage Commerce

(Get Ranking)

Heritage Commerce Corp operates because the financial institution holding firm for Heritage Financial institution of Commerce that gives numerous business and private banking providers to residents and the enterprise/skilled group in California. Its deposit merchandise for enterprise banking and retail markets embrace curiosity and non-interest bearing demand, financial savings, and cash market accounts, in addition to certificates of deposit and time deposits.

Learn Extra

Wish to see what different hedge funds are holding HTBK? Go to HoldingsChannel.com to get the most recent 13F filings and insider trades for Heritage Commerce Corp (NASDAQ:HTBK – Get Ranking).

Institutional Ownership by Quarter for Heritage Commerce (NASDAQ:HTBK)



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