Parametric Portfolio Associates LLC grew its holdings in Heritage Commerce Corp. (NASDAQ:HTBK) by 148.0% in the second quarter, Holdings Channel reports. The institutional investor owned 65,320 shares of the financial services provider’s stock after acquiring an additional 38,984 shares during the quarter. Parametric Portfolio Associates LLC’s holdings in Heritage Commerce were worth $800,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of HTBK. Marshall Wace LLP increased its position in shares of Heritage Commerce by 4.5% in the first quarter. Marshall Wace LLP now owns 175,058 shares of the financial services provider’s stock valued at $2,118,000 after buying an additional 7,543 shares in the last quarter. Marshall Wace North America L.P. purchased a new stake in shares of Heritage Commerce during the first quarter worth approximately $56,000. WINTON GROUP Ltd purchased a new stake in shares of Heritage Commerce during the second quarter worth approximately $170,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Heritage Commerce during the second quarter worth approximately $128,000. Finally, Security National Bank increased its position in shares of Heritage Commerce by 6.7% during the second quarter. Security National Bank now owns 217,883 shares of the financial services provider’s stock worth $2,669,000 after purchasing an additional 13,688 shares in the last quarter. Institutional investors and hedge funds own 77.85% of the company’s stock.

NASDAQ:HTBK traded down $0.07 during trading hours on Monday, hitting $11.29. The company had a trading volume of 1,019 shares, compared to its average volume of 194,673. The company has a current ratio of 0.73, a quick ratio of 0.72 and a debt-to-equity ratio of 0.10. The company has a 50-day moving average of $11.70 and a 200 day moving average of $12.04. The company has a market cap of $487.62 million, a P/E ratio of 10.65 and a beta of 0.84. Heritage Commerce Corp. has a 1 year low of $10.84 and a 1 year high of $15.22.

Heritage Commerce (NASDAQ:HTBK) last issued its earnings results on Thursday, July 25th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.02). The company had revenue of $33.68 million during the quarter, compared to analysts’ expectations of $34.80 million. Heritage Commerce had a net margin of 33.46% and a return on equity of 13.39%. On average, analysts forecast that Heritage Commerce Corp. will post 1.09 earnings per share for the current year.

Several brokerages recently commented on HTBK. Zacks Investment Research upgraded Heritage Commerce from a “sell” rating to a “hold” rating in a research report on Tuesday, October 1st. ValuEngine upgraded Heritage Commerce from a “sell” rating to a “hold” rating in a research report on Friday, October 4th. Finally, BidaskClub cut Heritage Commerce from a “sell” rating to a “strong sell” rating in a research report on Wednesday, September 25th.

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. It offers a range of deposit products for business banking and retail markets, including interest and non-interest bearing demand, savings accounts, certificate of deposit, money market accounts, and time deposits.

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

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