Commerce

Truist Monetary Corp Raises Place in Heritage Commerce Corp (NASDAQ:HTBK)


Truist Monetary Corp grew its stake in Heritage Commerce Corp (NASDAQ:HTBK – Get Ranking) by 5.5% within the 1st quarter, in response to its most up-to-date submitting with the Securities and Change Fee (SEC). The fund owned 28,171 shares of the monetary providers supplier’s inventory after buying a further 1,481 shares in the course of the interval. Truist Monetary Corp’s holdings in Heritage Commerce have been price $317,000 on the finish of the latest reporting interval.

A lot of different institutional traders and hedge funds have additionally just lately modified their holdings of HTBK. Quadrant Capital Group LLC lifted its place in Heritage Commerce by 29.5% within the fourth quarter. Quadrant Capital Group LLC now owns 4,589 shares of the monetary providers supplier’s inventory price $55,000 after shopping for a further 1,045 shares over the past quarter. Raymond James & Associates bought a brand new place in shares of Heritage Commerce in the course of the 4th quarter price about $128,000. Instructor Retirement System of Texas bought a brand new place in shares of Heritage Commerce in the course of the 4th quarter price about $138,000. ProShare Advisors LLC purchased a brand new place in Heritage Commerce in the course of the 4th quarter valued at about $153,000. Lastly, Janney Montgomery Scott LLC raised its place in Heritage Commerce by 29.3% within the 4th quarter. Janney Montgomery Scott LLC now owns 13,140 shares of the monetary providers supplier’s inventory price $157,000 after buying a further 2,978 shares in the course of the interval. Hedge funds and different institutional traders personal 71.49% of the corporate’s inventory.

Analyst Scores Modifications

A number of analysis analysts have issued experiences on HTBK shares. Raymond James upgraded Heritage Commerce from an “outperform” score to a “strong-buy” score and set a $13.00 goal value for the corporate in a analysis report on Thursday, July seventh. StockNews.com assumed protection on Heritage Commerce in a report on Thursday, March thirty first. They set a “maintain” score for the corporate.

Heritage Commerce Inventory Efficiency

HTBK inventory opened at $11.57 on Friday. The corporate has a fast ratio of 0.65, a present ratio of 0.65 and a debt-to-equity ratio of 0.07. The enterprise’s fifty day easy shifting common is $11.04 and its two-hundred day easy shifting common is $11.50. Heritage Commerce Corp has a twelve month low of $10.42 and a twelve month excessive of $12.94. The agency has a market cap of $699.29 million, a price-to-earnings ratio of 14.06 and a beta of 1.00.

Heritage Commerce (NASDAQ:HTBK – Get Ranking) final launched its earnings outcomes on Thursday, April twenty eighth. The monetary providers supplier reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. Heritage Commerce had a return on fairness of 8.33% and a internet margin of 29.69%. The enterprise had income of $40.68 million for the quarter, in comparison with analyst estimates of $40.14 million. Analysts predict that Heritage Commerce Corp will submit 1.03 earnings per share for the present 12 months.

Heritage Commerce Publicizes Dividend

The agency additionally just lately introduced a quarterly dividend, which was paid on Thursday, Could twenty sixth. Shareholders of report on Thursday, Could twelfth have been paid a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, Could eleventh. This represents a $0.52 dividend on an annualized foundation and a yield of 4.49%. Heritage Commerce’s payout ratio is 63.41%.

Insider Exercise

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

Heritage Commerce Profile

(Get Ranking)

Heritage Commerce Corp operates because the financial institution holding firm for Heritage Financial institution of Commerce that gives numerous industrial and private banking providers to residents and the enterprise/skilled neighborhood 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.

See Additionally

Need 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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