Brean Capital reaffirmed their buy rating on shares of Heritage Commerce Corp (NASDAQ:HTBK) in a research report released on Thursday morning.

A number of other research firms have also recently commented on HTBK. Zacks Investment Research cut Heritage Commerce Corp from a hold rating to a sell rating in a research note on Wednesday, May 3rd. ValuEngine raised Heritage Commerce Corp from a hold rating to a buy rating in a research note on Tuesday, July 11th. Finally, BidaskClub cut Heritage Commerce Corp from a hold rating to a sell rating in a research note on Friday, July 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Heritage Commerce Corp currently has an average rating of Hold and an average price target of $15.50.

Shares of Heritage Commerce Corp (HTBK) opened at 13.82 on Thursday. The firm has a 50-day moving average price of $13.76 and a 200 day moving average price of $13.92. The stock has a market cap of $526.82 million, a PE ratio of 18.96 and a beta of 0.52. Heritage Commerce Corp has a 12-month low of $10.23 and a 12-month high of $14.87.

Heritage Commerce Corp (NASDAQ:HTBK) last released its earnings results on Thursday, July 27th. The financial services provider reported $0.19 EPS for the quarter, meeting analysts’ consensus estimates of $0.19. The firm had revenue of $27.23 million for the quarter, compared to analysts’ expectations of $27.90 million. Heritage Commerce Corp had a return on equity of 10.69% and a net margin of 25.75%. Equities research analysts expect that Heritage Commerce Corp will post $0.78 earnings per share for the current year.

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The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 24th. Investors of record on Thursday, August 10th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $0.40 annualized dividend and a yield of 2.89%. Heritage Commerce Corp’s dividend payout ratio (DPR) is currently 54.79%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. boosted its position in shares of Heritage Commerce Corp by 1.7% in the first quarter. Goldman Sachs Group Inc. now owns 16,613 shares of the financial services provider’s stock valued at $234,000 after buying an additional 278 shares during the period. American International Group Inc. boosted its position in shares of Heritage Commerce Corp by 6.9% in the first quarter. American International Group Inc. now owns 16,039 shares of the financial services provider’s stock valued at $226,000 after buying an additional 1,038 shares during the period. Legal & General Group Plc boosted its position in shares of Heritage Commerce Corp by 20.4% in the second quarter. Legal & General Group Plc now owns 7,903 shares of the financial services provider’s stock valued at $109,000 after buying an additional 1,339 shares during the period. Bank of America Corp DE boosted its position in shares of Heritage Commerce Corp by 11.1% in the first quarter. Bank of America Corp DE now owns 19,692 shares of the financial services provider’s stock valued at $277,000 after buying an additional 1,974 shares during the period. Finally, Stevens Capital Management LP boosted its position in shares of Heritage Commerce Corp by 19.8% in the first quarter. Stevens Capital Management LP now owns 13,974 shares of the financial services provider’s stock valued at $197,000 after buying an additional 2,308 shares during the period. 69.36% of the stock is currently owned by institutional investors.

Heritage Commerce Corp Company 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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