Kennedy Capital Management LLC Increases Stock Position in Heritage Commerce Corp $HTBK

Kennedy Capital Management LLC raised its holdings in Heritage Commerce Corp (NASDAQ:HTBK) by 20.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,003,248 shares of the financial services provider’s stock after purchasing an additional 166,908 shares during the period. Kennedy Capital Management LLC owned 1.63% of Heritage Commerce worth $12,049,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Clearstead Advisors LLC lifted its stake in shares of Heritage Commerce by 129.5% during the fourth quarter. Clearstead Advisors LLC now owns 3,599 shares of the financial services provider’s stock valued at $43,000 after buying an additional 2,031 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Heritage Commerce by 16,272.7% during the second quarter. EverSource Wealth Advisors LLC now owns 5,403 shares of the financial services provider’s stock valued at $54,000 after buying an additional 5,370 shares during the period. Globeflex Capital L P purchased a new position in shares of Heritage Commerce during the fourth quarter valued at approximately $66,000. Larson Financial Group LLC lifted its stake in shares of Heritage Commerce by 495.3% during the third quarter. Larson Financial Group LLC now owns 5,620 shares of the financial services provider’s stock valued at $56,000 after buying an additional 4,676 shares during the period. Finally, Russell Investments Group Ltd. lifted its stake in shares of Heritage Commerce by 368.9% during the third quarter. Russell Investments Group Ltd. now owns 6,433 shares of the financial services provider’s stock valued at $64,000 after buying an additional 5,061 shares during the period. Hedge funds and other institutional investors own 75.55% of the company’s stock.

Heritage Commerce Stock Performance

Shares of HTBK stock opened at $13.45 on Monday. Heritage Commerce Corp has a one year low of $8.73 and a one year high of $13.83. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.74 and a current ratio of 0.74. The company has a 50 day moving average price of $13.37 and a 200 day moving average price of $12.77. The firm has a market capitalization of $828.43 million, a price-to-earnings ratio of 17.24 and a beta of 0.69.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on HTBK shares. Weiss Ratings raised shares of Heritage Commerce from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 9th. Zacks Research downgraded shares of Heritage Commerce from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 9th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $13.13.

About Heritage Commerce

Heritage Commerce Corporation, headquartered in Farmington Hills, Michigan, is the bank holding company for Heritage Bank, N.A., a community-oriented financial institution. Traded on NASDAQ under the symbol HTBK, the company focuses on delivering tailored banking services to businesses, professionals and individuals throughout Southeastern Michigan.

Heritage Bank, N.A. offers a comprehensive portfolio of deposit and lending products designed to meet the needs of commercial and consumer clients.