Brean Capital reissued their buy rating on shares of Heritage Commerce (NASDAQ:HTBK) in a report published on Tuesday.

Other research analysts have also issued research reports about the company. Zacks Investment Research lowered Heritage Commerce from a buy rating to a hold rating in a research report on Monday, October 30th. BidaskClub downgraded Heritage Commerce from a sell rating to a strong sell rating in a research note on Tuesday, August 22nd. Finally, ValuEngine downgraded Heritage Commerce from a buy rating to a hold rating in a research note on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $16.00.

Shares of Heritage Commerce (NASDAQ HTBK) traded down $0.04 during trading hours on Tuesday, hitting $16.11. The stock had a trading volume of 149,200 shares, compared to its average volume of 104,283. Heritage Commerce has a 12-month low of $12.76 and a 12-month high of $16.63. The company has a market cap of $606.60, a price-to-earnings ratio of 20.97, a P/E/G ratio of 2.01 and a beta of 0.50. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.77 and a quick ratio of 0.76.

Heritage Commerce (NASDAQ:HTBK) last announced its earnings results on Thursday, October 26th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.01. Heritage Commerce had a return on equity of 11.15% and a net margin of 26.40%. The firm had revenue of $28.78 million during the quarter, compared to analyst estimates of $28.70 million. analysts forecast that Heritage Commerce will post 0.8 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 21st. Stockholders of record on Tuesday, November 7th were paid a $0.10 dividend. The ex-dividend date of this dividend was Monday, November 6th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.48%. Heritage Commerce’s dividend payout ratio (DPR) is currently 51.95%.

Hedge funds have recently added to or reduced their stakes in the company. Westwood Holdings Group Inc. lifted its position in Heritage Commerce by 31.6% during the second quarter. Westwood Holdings Group Inc. now owns 1,002,565 shares of the financial services provider’s stock valued at $13,815,000 after purchasing an additional 240,467 shares in the last quarter. Vanguard Group Inc. lifted its position in Heritage Commerce by 11.2% during the second quarter. Vanguard Group Inc. now owns 1,550,961 shares of the financial services provider’s stock valued at $21,373,000 after purchasing an additional 155,957 shares in the last quarter. State Street Corp lifted its position in Heritage Commerce by 36.1% during the second quarter. State Street Corp now owns 558,166 shares of the financial services provider’s stock valued at $7,693,000 after purchasing an additional 148,073 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Heritage Commerce by 9.2% during the first quarter. Dimensional Fund Advisors LP now owns 1,460,283 shares of the financial services provider’s stock valued at $20,590,000 after purchasing an additional 122,917 shares in the last quarter. Finally, Penn Capital Management Co. Inc. lifted its position in Heritage Commerce by 96.3% during the second quarter. Penn Capital Management Co. Inc. now owns 220,836 shares of the financial services provider’s stock valued at $3,043,000 after purchasing an additional 108,314 shares in the last quarter. Hedge funds and other institutional investors own 69.98% of the company’s stock.

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About Heritage Commerce

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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