BNP Paribas Financial Markets Increases Position in Heritage Commerce Corp (NASDAQ:HTBK)

BNP Paribas Financial Markets boosted its holdings in shares of Heritage Commerce Corp (NASDAQ:HTBK) by 8.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 66,678 shares of the financial services provider’s stock after purchasing an additional 5,066 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.11% of Heritage Commerce worth $659,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. FMR LLC raised its holdings in Heritage Commerce by 103.7% in the 3rd quarter. FMR LLC now owns 7,832 shares of the financial services provider’s stock valued at $77,000 after acquiring an additional 3,987 shares during the last quarter. Quantbot Technologies LP increased its holdings in shares of Heritage Commerce by 212.2% in the third quarter. Quantbot Technologies LP now owns 14,035 shares of the financial services provider’s stock valued at $139,000 after purchasing an additional 9,540 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Heritage Commerce during the third quarter worth approximately $281,000. Cerity Partners LLC boosted its stake in Heritage Commerce by 17.0% during the third quarter. Cerity Partners LLC now owns 146,349 shares of the financial services provider’s stock worth $1,446,000 after buying an additional 21,288 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Heritage Commerce by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 496,190 shares of the financial services provider’s stock valued at $4,902,000 after buying an additional 6,884 shares in the last quarter. 75.55% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Heritage Commerce from a “sell” rating to a “hold” rating in a research report on Wednesday, December 4th.

Heritage Commerce Price Performance

Shares of NASDAQ:HTBK opened at $10.36 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.73 and a current ratio of 0.73. Heritage Commerce Corp has a one year low of $7.66 and a one year high of $11.27. The company has a 50-day simple moving average of $10.20 and a 200-day simple moving average of $9.60. The stock has a market capitalization of $635.10 million, a price-to-earnings ratio of 14.59 and a beta of 0.94.

Heritage Commerce (NASDAQ:HTBK) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.17 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.17. Heritage Commerce had a return on equity of 6.37% and a net margin of 17.61%. The company had revenue of $63.68 million for the quarter, compared to analyst estimates of $43.14 million. On average, analysts predict that Heritage Commerce Corp will post 0.66 EPS for the current year.

Heritage Commerce Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 5.02%. The ex-dividend date of this dividend was Thursday, November 7th. Heritage Commerce’s dividend payout ratio (DPR) is 73.24%.

About Heritage Commerce

Heritage Commerce Corp operates as the bank holding company for Heritage Bank of Commerce that provides various commercial and personal banking services to residents and the business/professional community in California. Its deposit products for business banking and retail markets include interest and non-interest-bearing demand, savings, and money market accounts, as well as certificates of deposit and time deposits.