Thrivent Financial For Lutherans grew its position in shares of Heritage Commerce Corp. (NASDAQ:HTBK) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 718,238 shares of the financial services provider’s stock after purchasing an additional 16,428 shares during the quarter. Thrivent Financial For Lutherans owned approximately 1.88% of Heritage Commerce worth $11,003,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of the business. BlackRock Inc. grew its holdings in shares of Heritage Commerce by 1.1% during the fourth quarter. BlackRock Inc. now owns 2,898,549 shares of the financial services provider’s stock worth $44,406,000 after buying an additional 32,414 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Heritage Commerce by 5.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,652,384 shares of the financial services provider’s stock worth $23,513,000 after buying an additional 82,543 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of 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 worth $21,373,000 after buying an additional 155,957 shares during the last quarter. State Street Corp grew its holdings in shares of Heritage Commerce by 36.1% during the second quarter. State Street Corp now owns 558,166 shares of the financial services provider’s stock worth $7,693,000 after buying an additional 148,073 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Heritage Commerce by 27.2% during the second quarter. Northern Trust Corp now owns 383,857 shares of the financial services provider’s stock worth $5,289,000 after buying an additional 82,186 shares during the last quarter. 71.49% of the stock is currently owned by institutional investors.
In other Heritage Commerce news, Director Jack W. Conner sold 24,500 shares of Heritage Commerce stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $15.47, for a total value of $379,015.00. Following the sale, the director now owns 83,324 shares of the company’s stock, valued at approximately $1,289,022.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 5.69% of the stock is currently owned by insiders.
Shares of Heritage Commerce Corp. (HTBK) opened at $16.84 on Wednesday. Heritage Commerce Corp. has a twelve month low of $12.76 and a twelve month high of $16.90. The firm has a market capitalization of $637.96, a P/E ratio of 20.88, a price-to-earnings-growth ratio of 1.64 and a beta of 0.60. 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 quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.01). Heritage Commerce had a net margin of 20.56% and a return on equity of 11.48%. The business had revenue of $29.01 million during the quarter, compared to analysts’ expectations of $29.65 million. equities research analysts forecast that Heritage Commerce Corp. will post 1.02 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Thursday, February 8th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend was Wednesday, February 7th. This is a positive change from Heritage Commerce’s previous quarterly dividend of $0.10. Heritage Commerce’s payout ratio is currently 70.97%.
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Heritage Commerce Profile
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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