Prudential Financial Inc. decreased its position in shares of Heritage Commerce Corp (NASDAQ:HTBK) by 9.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,038 shares of the financial services provider’s stock after selling 3,800 shares during the period. Prudential Financial Inc. owned approximately 0.09% of Heritage Commerce Corp worth $508,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of HTBK. Stevens Capital Management LP raised its position in shares of Heritage Commerce Corp by 19.8% in the first quarter. Stevens Capital Management LP now owns 13,974 shares of the financial services provider’s stock worth $197,000 after buying an additional 2,308 shares in the last quarter. TFS Capital LLC raised its position in shares of Heritage Commerce Corp by 21.1% in the first quarter. TFS Capital LLC now owns 20,643 shares of the financial services provider’s stock worth $291,000 after buying an additional 3,595 shares in the last quarter. Context BH Capital Management LP raised its position in shares of Heritage Commerce Corp by 8.4% in the first quarter. Context BH Capital Management LP now owns 110,565 shares of the financial services provider’s stock worth $1,559,000 after buying an additional 8,536 shares in the last quarter. Teachers Advisors LLC raised its position in shares of Heritage Commerce Corp by 25.1% in the fourth quarter. Teachers Advisors LLC now owns 51,628 shares of the financial services provider’s stock worth $745,000 after buying an additional 10,362 shares in the last quarter. Finally, American Century Companies Inc. raised its position in shares of Heritage Commerce Corp by 17.6% in the first quarter. American Century Companies Inc. now owns 72,790 shares of the financial services provider’s stock worth $1,026,000 after buying an additional 10,882 shares in the last quarter. 69.39% of the stock is currently owned by institutional investors and hedge funds.

Shares of Heritage Commerce Corp (NASDAQ HTBK) opened at 13.87 on Thursday. The company has a market cap of $527.23 million, a P/E ratio of 19.08 and a beta of 0.52. Heritage Commerce Corp has a 52 week low of $10.15 and a 52 week high of $14.87. The company’s 50-day moving average price is $13.66 and its 200 day moving average price is $13.94.

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A number of research analysts have recently commented on the company. Zacks Investment Research lowered Heritage Commerce Corp from a “hold” rating to a “sell” rating in a report on Monday, July 3rd. ValuEngine upgraded Heritage Commerce Corp from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. Finally, Brean Capital set a $16.00 target price on Heritage Commerce Corp and gave the company a “buy” rating in a research note on Friday, April 28th.

About Heritage Commerce Corp

Heritage Commerce Corp is a bank holding company. The Company, through its subsidiary Heritage Bank of Commerce (the Bank), provides a range of banking services. The Bank is a California state-chartered multi-community independent bank that offers a range of commercial banking services to small and medium-sized businesses and their owners, managers and employees.

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

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