Commerce

Victory Capital Administration Inc. Sells 4,045 Shares of Heritage Commerce Corp (NASDAQ:HTBK)


Victory Capital Administration Inc. reduce its stake in Heritage Commerce Corp (NASDAQ:HTBK – Get Score) by 2.7% within the 1st quarter, in keeping with its most up-to-date submitting with the Securities and Change Fee. The institutional investor owned 148,155 shares of the monetary providers supplier’s inventory after promoting 4,045 shares in the course of the quarter. Victory Capital Administration Inc. owned about 0.25% of Heritage Commerce price $1,667,000 on the finish of the newest quarter.

A number of different institutional traders have additionally added to or diminished their stakes within the inventory. Janney Montgomery Scott LLC grew its place in shares of 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 shopping for a further 2,978 shares in the course of the interval. Northern Belief Corp grew its place in shares of Heritage Commerce by 4.6% within the 4th quarter. Northern Belief Corp now owns 1,159,281 shares of the monetary providers supplier’s inventory price $13,842,000 after shopping for a further 50,903 shares in the course of the interval. ProShare Advisors LLC bought a brand new stake in shares of Heritage Commerce within the 4th quarter price about $153,000. First Belief Advisors LP grew its place in shares of Heritage Commerce by 12.6% within the 4th quarter. First Belief Advisors LP now owns 125,737 shares of the monetary providers supplier’s inventory price $1,501,000 after shopping for a further 14,105 shares in the course of the interval. Lastly, Raymond James & Associates bought a brand new stake in shares of Heritage Commerce within the 4th quarter price about $128,000. 71.49% of the inventory is at the moment owned by institutional traders.

Insider Exercise

In different information, CFO Lawrence D. Mcgovern bought 4,550 shares of the agency’s inventory in a transaction dated Monday, June sixth. The shares have been bought at a mean worth of $11.42, for a complete transaction of $51,961.00. Following the sale, the chief monetary officer now owns 89,529 shares of the corporate’s inventory, valued at roughly $1,022,421.18. The sale was disclosed in a authorized submitting with the SEC, which is accessible by this hyperlink. In different information, CFO Lawrence D. Mcgovern bought 2,500 shares of the inventory in a transaction that occurred on Friday, June third. The shares have been bought at a mean worth 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 sale was disclosed in a doc filed with the Securities & Change Fee, which is on the market by the SEC web site. Additionally, CFO Lawrence D. Mcgovern bought 4,550 shares of the inventory in a transaction that occurred on Monday, June sixth. The inventory was bought at a mean worth of $11.42, for a complete transaction of $51,961.00. Following the completion of the transaction, the chief monetary officer now owns 89,529 shares within the firm, valued at roughly $1,022,421.18. The disclosure for this sale could be discovered right here. Insiders personal 4.05% of the corporate’s inventory.

Heritage Commerce Inventory Efficiency

Shares of NASDAQ HTBK opened at $12.08 on Friday. The agency’s 50-day shifting common worth is $11.17 and its 200-day shifting common worth is $11.43. The corporate has a fast ratio of 0.65, a present ratio of 0.68 and a debt-to-equity ratio of 0.06. The corporate has a market cap of $732.89 million, a PE ratio of 13.27 and a beta of 1.01. Heritage Commerce Corp has a 52-week low of $10.42 and a 52-week excessive of $12.94.

Heritage Commerce Publicizes Dividend

The enterprise additionally just lately declared a quarterly dividend, which will likely be paid on Thursday, August twenty fifth. Stockholders of report on Thursday, August eleventh will likely be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized foundation and a dividend yield of 4.30%. The ex-dividend date of this dividend is Wednesday, August tenth. Heritage Commerce’s payout ratio is presently 57.14%.

Wall Road Analysts Forecast Development

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

About Heritage Commerce

(Get Score)

Heritage Commerce Corp operates because the financial institution holding firm for Heritage Financial institution of Commerce that gives varied business 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.

Additional Studying

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



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