American Century Companies Inc. continued to hold its stake in shares of Heritage Commerce Corp (NASDAQ:HTBK) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 72,790 shares of the financial services provider’s stock at the end of the 2nd quarter. American Century Companies Inc. owned about 0.19% of Heritage Commerce Corp worth $1,003,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Victory Capital Management Inc. raised its holdings in shares of Heritage Commerce Corp by 12.1% during the 2nd quarter. Victory Capital Management Inc. now owns 92,850 shares of the financial services provider’s stock worth $1,279,000 after acquiring an additional 10,035 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Heritage Commerce Corp by 20.4% during the 2nd quarter. Legal & General Group Plc now owns 7,903 shares of the financial services provider’s stock worth $109,000 after acquiring an additional 1,339 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Heritage Commerce Corp by 28.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 240,429 shares of the financial services provider’s stock worth $3,314,000 after acquiring an additional 53,148 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Heritage Commerce Corp by 31.1% during the 2nd quarter. Rhumbline Advisers now owns 41,182 shares of the financial services provider’s stock worth $567,000 after acquiring an additional 9,777 shares in the last quarter. Finally, Granite Investment Partners LLC purchased a new stake in shares of Heritage Commerce Corp during the 2nd quarter worth approximately $1,417,000. 69.47% of the stock is currently owned by institutional investors and hedge funds.

Shares of Heritage Commerce Corp (NASDAQ HTBK) opened at 13.62 on Friday. Heritage Commerce Corp has a one year low of $10.23 and a one year high of $14.87. The stock’s 50 day moving average price is $13.53 and its 200 day moving average price is $13.78. The stock has a market capitalization of $519.33 million, a PE ratio of 18.68 and a beta of 0.51.

Heritage Commerce Corp (NASDAQ:HTBK) last issued its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.19. The firm had revenue of $27.23 million for the quarter, compared to analyst estimates of $27.90 million. Heritage Commerce Corp had a return on equity of 10.61% and a net margin of 25.75%. Equities research analysts predict that Heritage Commerce Corp will post $0.78 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, August 24th. Stockholders of record on Thursday, August 10th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date was Tuesday, August 8th. Heritage Commerce Corp’s dividend payout ratio is presently 54.79%.

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In other news, Director Komas Julianne M. Biagini sold 3,650 shares of Heritage Commerce Corp stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $13.65, for a total value of $49,822.50. Following the sale, the director now directly owns 25,696 shares of the company’s stock, valued at $350,750.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director J Philip Dinapoli purchased 5,000 shares of the stock in a transaction dated Thursday, August 10th. The stock was purchased at an average cost of $13.53 per share, for a total transaction of $67,650.00. Following the completion of the purchase, the director now directly owns 163,376 shares of the company’s stock, valued at $2,210,477.28. The disclosure for this purchase can be found here. Insiders own 5.69% of the company’s stock.

HTBK has been the topic of several recent research reports. ValuEngine raised Heritage Commerce Corp from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th. Zacks Investment Research cut Heritage Commerce Corp from a “hold” rating to a “sell” rating in a report on Monday, July 3rd. BidaskClub cut Heritage Commerce Corp from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Finally, Brean Capital set a $16.00 price objective on Heritage Commerce Corp and gave the stock a “buy” rating in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $15.50.

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.

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

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