Heritage Commerce Corp. (HTBK) Position Held by California Public Employees Retirement System
California Public Employees Retirement System held its stake in shares of Heritage Commerce Corp. (NASDAQ:HTBK) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 93,200 shares of the financial services provider’s stock at the end of the second quarter. California Public Employees Retirement System owned approximately 0.29% of Heritage Commerce Corp. worth $981,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the company. Bank of Montreal Can purchased a new stake in shares of Heritage Commerce Corp. during the second quarter valued at $130,000. Emerald Acquisition Ltd. purchased a new stake in shares of Heritage Commerce Corp. during the second quarter valued at $258,000. Spark Investment Management LLC boosted its stake in shares of Heritage Commerce Corp. by 30.0% in the first quarter. Spark Investment Management LLC now owns 41,500 shares of the financial services provider’s stock valued at $415,000 after buying an additional 9,580 shares in the last quarter. Consector Capital LP purchased a new stake in shares of Heritage Commerce Corp. during the first quarter valued at $512,000. Finally, California State Teachers Retirement System boosted its stake in shares of Heritage Commerce Corp. by 6.2% in the second quarter. California State Teachers Retirement System now owns 54,701 shares of the financial services provider’s stock valued at $576,000 after buying an additional 3,202 shares in the last quarter. 52.14% of the stock is owned by hedge funds and other institutional investors.
Shares of Heritage Commerce Corp. (NASDAQ:HTBK) traded up 0.74% during mid-day trading on Wednesday, hitting $10.83. The stock had a trading volume of 10,381 shares. The firm has a market capitalization of $349.75 million, a PE ratio of 19.10 and a beta of 0.91. The stock’s 50-day moving average is $11.15 and its 200-day moving average is $10.76. Heritage Commerce Corp. has a 1-year low of $8.84 and a 1-year high of $12.38.
Heritage Commerce Corp. (NASDAQ:HTBK) last issued its quarterly earnings results on Friday, July 29th. The financial services provider reported $0.19 EPS for the quarter. Heritage Commerce Corp. had a return on equity of 9.21% and a net margin of 21.08%. Equities analysts expect that Heritage Commerce Corp. will post $0.74 earnings per share for the current year.
Separately, Zacks Investment Research cut Heritage Commerce Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, July 5th.
In other Heritage Commerce Corp. news, Director J Philip Dinapoli acquired 5,000 shares of Heritage Commerce Corp. stock in a transaction that occurred on Tuesday, August 2nd. The shares were acquired at an average cost of $10.43 per share, with a total value of $52,150.00. Following the completion of the purchase, the director now directly owns 496,125 shares of the company’s stock, valued at approximately $5,174,583.75. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director W Kirk Wycoff sold 6,968 shares of the firm’s stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $11.50, for a total value of $80,132.00. The disclosure for this sale can be found here. 19.72% of the stock is owned by corporate insiders.
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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