Heritage Commerce Corp (NASDAQ:HTBK) Shares Bought by Barclays PLC

Barclays PLC grew its stake in Heritage Commerce Corp (NASDAQ:HTBK) by 7.2% during the 3rd quarter, Holdings Channel reports. The firm owned 216,439 shares of the financial services provider’s stock after purchasing an additional 14,466 shares during the quarter. Barclays PLC’s holdings in Heritage Commerce were worth $2,139,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. nVerses Capital LLC purchased a new stake in shares of Heritage Commerce during the third quarter worth $73,000. FMR LLC boosted its position in Heritage Commerce by 103.7% during the third quarter. FMR LLC now owns 7,832 shares of the financial services provider’s stock worth $77,000 after acquiring an additional 3,987 shares during the last quarter. One Wealth Advisors LLC purchased a new stake in Heritage Commerce during the 3rd quarter valued at about $99,000. NorthCrest Asset Manangement LLC acquired a new stake in Heritage Commerce in the 3rd quarter valued at about $100,000. Finally, Point72 Asset Management L.P. purchased a new position in Heritage Commerce in the 3rd quarter worth approximately $107,000. Hedge funds and other institutional investors own 75.55% of the company’s stock.

Heritage Commerce Price Performance

Shares of HTBK stock opened at $9.55 on Friday. The firm’s 50-day moving average is $10.22 and its two-hundred day moving average is $9.72. Heritage Commerce Corp has a 12 month low of $7.66 and a 12 month high of $11.27. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.73 and a quick ratio of 0.73. The company has a market capitalization of $585.44 million, a PE ratio of 13.45 and a beta of 0.94.

Heritage Commerce (NASDAQ:HTBK) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.17 EPS for the quarter, meeting analysts’ consensus estimates of $0.17. The firm had revenue of $63.68 million for the quarter, compared to analysts’ expectations of $43.14 million. Heritage Commerce had a return on equity of 6.37% and a net margin of 17.61%. Analysts predict that Heritage Commerce Corp will post 0.66 earnings per share for the current year.

Heritage Commerce Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 7th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.45%. The ex-dividend date was Thursday, November 7th. Heritage Commerce’s payout ratio is 73.24%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Heritage Commerce from a “sell” rating to a “hold” rating in a report on Wednesday, December 4th.

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.