Geode Capital Management LLC raised its position in Heritage Commerce Corp (NASDAQ:HTBK) by 5.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 366,672 shares of the financial services provider’s stock after buying an additional 17,489 shares during the period. Geode Capital Management LLC’s holdings in Heritage Commerce Corp were worth $5,170,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. American International Group Inc. increased its stake in 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 worth $226,000 after buying an additional 1,038 shares in the last quarter. Stevens Capital Management LP increased its stake in 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 worth $197,000 after buying an additional 2,308 shares in the last quarter. TFS Capital LLC increased its stake in Heritage Commerce Corp by 21.1% in the first quarter. TFS Capital LLC now owns 20,643 shares of the financial services provider’s stock worth $291,000 after buying an additional 3,595 shares in the last quarter. Stifel Financial Corp increased its stake in Heritage Commerce Corp by 20.6% in the first quarter. Stifel Financial Corp now owns 31,871 shares of the financial services provider’s stock worth $447,000 after buying an additional 5,436 shares in the last quarter. Finally, Context BH Capital Management LP increased its stake in Heritage Commerce Corp by 8.4% in the first quarter. Context BH Capital Management LP now owns 110,565 shares of the financial services provider’s stock worth $1,559,000 after buying an additional 8,536 shares in the last quarter. Hedge funds and other institutional investors own 69.44% of the company’s stock.

Shares of Heritage Commerce Corp (NASDAQ:HTBK) traded down 1.27% on Friday, hitting $13.19. The company’s stock had a trading volume of 66,755 shares. Heritage Commerce Corp has a 52 week low of $10.23 and a 52 week high of $14.87. The firm has a market cap of $502.93 million, a price-to-earnings ratio of 18.09 and a beta of 0.52. The stock’s 50-day moving average price is $13.77 and its 200-day moving average price is $13.90.

Heritage Commerce Corp (NASDAQ:HTBK) last released its earnings results on Thursday, July 27th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19. The company had revenue of $27.23 million for the quarter, compared to analyst estimates of $27.90 million. Heritage Commerce Corp had a return on equity of 10.61% and a net margin of 25.75%. Equities analysts expect that Heritage Commerce Corp will post $0.78 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 24th. Stockholders of record on Thursday, August 10th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 3.03%. The ex-dividend date is Tuesday, August 8th. Heritage Commerce Corp’s dividend payout ratio (DPR) is currently 54.79%.

ILLEGAL ACTIVITY WARNING: “Geode Capital Management LLC Acquires 17,489 Shares of Heritage Commerce Corp (HTBK)” was originally published by Daily Political and is the sole property of of Daily Political. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this story can be viewed at https://www.dailypolitical.com/2017/08/13/geode-capital-management-llc-acquires-17489-shares-of-heritage-commerce-corp-htbk.html.

A number of research firms have weighed in on HTBK. Brean Capital reiterated a “buy” rating on shares of Heritage Commerce Corp in a research note on Thursday, August 3rd. Zacks Investment Research cut Heritage Commerce Corp from a “hold” rating to a “sell” rating in a report on Monday, July 3rd. ValuEngine raised Heritage Commerce Corp from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th. Finally, BidaskClub cut Heritage Commerce Corp from a “hold” rating to a “sell” rating in a report 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 stock. The stock has a consensus rating of “Hold” and a consensus price target of $15.50.

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.

Want to see what other hedge funds are holding HTBK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Heritage Commerce Corp (NASDAQ:HTBK).

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

Receive News & Ratings for Heritage Commerce Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heritage Commerce Corp and related companies with MarketBeat.com's FREE daily email newsletter.