Heritage Commerce Corp (NASDAQ:HTBK) EVP Susan Svensson Just Sells 1,602 Shares of Stock

Heritage Commerce Corp (NASDAQ:HTBK) EVP Susan Svensson Just sold 1,602 shares of Heritage Commerce stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $9.73, for a total value of $15,587.46. Following the transaction, the executive vice president now owns 10,774 shares of the company’s stock, valued at $104,831.02. This represents a 12.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Heritage Commerce Price Performance

Heritage Commerce stock opened at $9.45 on Wednesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.73 and a current ratio of 0.73. Heritage Commerce Corp has a 52 week low of $7.66 and a 52 week high of $11.27. The stock has a market capitalization of $579.31 million, a P/E ratio of 14.32 and a beta of 0.92. The stock has a fifty day moving average of $9.83 and a 200-day moving average of $9.97.

Heritage Commerce (NASDAQ:HTBK) last posted its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.17 EPS for the quarter, hitting analysts’ consensus estimates of $0.17. Heritage Commerce had a return on equity of 5.96% and a net margin of 16.12%. On average, sell-side analysts expect that Heritage Commerce Corp will post 0.8 earnings per share for the current fiscal year.

Heritage Commerce Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were issued a dividend of $0.13 per share. The ex-dividend date was Thursday, February 6th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.50%. Heritage Commerce’s dividend payout ratio (DPR) is currently 78.79%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. StockNews.com raised Heritage Commerce from a “sell” rating to a “hold” rating in a report on Wednesday, December 4th. Stephens raised Heritage Commerce from a “hold” rating to a “strong-buy” rating in a report on Monday, March 3rd. Finally, Keefe, Bruyette & Woods dropped their price objective on Heritage Commerce from $12.50 to $11.50 and set an “outperform” rating for the company in a report on Friday, January 24th.

Hedge Funds Weigh In On Heritage Commerce

A number of institutional investors have recently modified their holdings of HTBK. Dimensional Fund Advisors LP grew its position in Heritage Commerce by 4.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,392,688 shares of the financial services provider’s stock worth $31,823,000 after acquiring an additional 130,144 shares during the last quarter. Wellington Management Group LLP grew its position in Heritage Commerce by 13.2% during the 4th quarter. Wellington Management Group LLP now owns 2,302,615 shares of the financial services provider’s stock worth $21,599,000 after acquiring an additional 268,900 shares during the last quarter. State Street Corp grew its position in Heritage Commerce by 3.2% during the 3rd quarter. State Street Corp now owns 1,965,643 shares of the financial services provider’s stock worth $19,421,000 after acquiring an additional 61,630 shares during the last quarter. Boston Partners grew its position in Heritage Commerce by 1.7% during the 4th quarter. Boston Partners now owns 1,564,741 shares of the financial services provider’s stock worth $14,620,000 after acquiring an additional 26,442 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Heritage Commerce by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 1,426,816 shares of the financial services provider’s stock worth $13,386,000 after acquiring an additional 4,756 shares during the last quarter. Institutional investors and hedge funds own 75.55% of the company’s stock.

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. Its deposit products for business banking and retail markets include interest and non-interest-bearing demand, savings, and money market accounts, as well as certificates of deposit and time deposits.