Several other analysts have also recently issued reports on HTBK. BidaskClub cut Heritage Commerce from a sell rating to a strong sell rating in a research note on Wednesday, September 25th. Zacks Investment Research raised Heritage Commerce from a sell rating to a hold rating in a research note on Tuesday.
Shares of NASDAQ:HTBK traded up $0.07 on Friday, reaching $11.42. 102,109 shares of the company traded hands, compared to its average volume of 172,000. The business’s 50-day simple moving average is $11.72 and its 200 day simple moving average is $12.08. Heritage Commerce has a 52 week low of $10.84 and a 52 week high of $15.78. The stock has a market capitalization of $496.76 million, a P/E ratio of 10.77 and a beta of 0.84. The company has a current ratio of 0.73, a quick ratio of 0.72 and a debt-to-equity ratio of 0.10.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Campbell & CO Investment Adviser LLC bought a new stake in shares of Heritage Commerce in the second quarter worth about $128,000. Security National Bank grew its stake in shares of Heritage Commerce by 6.7% in the second quarter. Security National Bank now owns 217,883 shares of the financial services provider’s stock worth $2,669,000 after purchasing an additional 13,688 shares during the last quarter. Tiedemann Advisors LLC grew its stake in shares of Heritage Commerce by 0.3% in the second quarter. Tiedemann Advisors LLC now owns 606,001 shares of the financial services provider’s stock worth $7,424,000 after purchasing an additional 1,632 shares during the last quarter. Maltese Capital Management LLC lifted its holdings in Heritage Commerce by 28.5% in the second quarter. Maltese Capital Management LLC now owns 257,371 shares of the financial services provider’s stock worth $3,153,000 after buying an additional 57,056 shares during the period. Finally, Enterprise Trust & Investment Co purchased a new stake in Heritage Commerce in the second quarter worth about $1,044,000. 77.85% of the stock is currently owned by institutional investors.
About Heritage Commerce
Heritage Commerce Corp operates as the bank holding company for Heritage Bank of Commerce that provides various commercial and personal banking services to residents and the business/professional community in California. It offers a range of deposit products for business banking and retail markets, including interest and non-interest bearing demand, savings accounts, certificate of deposit, money market accounts, and time deposits.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Heritage Commerce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heritage Commerce and related companies with MarketBeat.com's FREE daily email newsletter.