Universal Beteiligungs und Servicegesellschaft mbH Makes New $301,000 Investment in Heritage Commerce Corp (NASDAQ:HTBK)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Heritage Commerce Corp (NASDAQ:HTBK) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 31,589 shares of the financial services provider’s stock, valued at approximately $301,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.05% of Heritage Commerce at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in HTBK. Dimensional Fund Advisors LP boosted its holdings in Heritage Commerce by 4.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,392,688 shares of the financial services provider’s stock worth $31,823,000 after acquiring an additional 130,144 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Heritage Commerce by 13.2% in the fourth quarter. Wellington Management Group LLP now owns 2,302,615 shares of the financial services provider’s stock valued at $21,599,000 after purchasing an additional 268,900 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Heritage Commerce by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 1,426,816 shares of the financial services provider’s stock valued at $13,386,000 after purchasing an additional 4,756 shares in the last quarter. AlTi Global Inc. boosted its holdings in Heritage Commerce by 0.9% during the fourth quarter. AlTi Global Inc. now owns 654,175 shares of the financial services provider’s stock worth $6,136,000 after purchasing an additional 5,889 shares during the last quarter. Finally, Northern Trust Corp grew its position in Heritage Commerce by 1.0% in the 4th quarter. Northern Trust Corp now owns 589,814 shares of the financial services provider’s stock worth $5,532,000 after purchasing an additional 5,773 shares in the last quarter. 75.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Raymond James Financial set a $10.00 target price on shares of Heritage Commerce in a research report on Monday, April 28th. Stephens reaffirmed an “overweight” rating and set a $11.00 price target on shares of Heritage Commerce in a research report on Monday, April 28th. Wall Street Zen cut Heritage Commerce from a “hold” rating to a “sell” rating in a research report on Saturday, July 26th. Finally, Keefe, Bruyette & Woods decreased their target price on Heritage Commerce from $11.50 to $11.00 and set an “outperform” rating for the company in a research report on Friday, April 25th.

Heritage Commerce Stock Up 1.5%

Heritage Commerce stock opened at $9.39 on Tuesday. The firm has a 50 day moving average price of $9.77 and a 200-day moving average price of $9.60. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.06. Heritage Commerce Corp has a twelve month low of $8.09 and a twelve month high of $11.27. The company has a market capitalization of $578.39 million, a P/E ratio of 14.90 and a beta of 0.85.

Heritage Commerce (NASDAQ:HTBK) last posted its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.21 EPS for the quarter, beating the consensus estimate of $0.19 by $0.02. Heritage Commerce had a return on equity of 6.62% and a net margin of 15.00%. The business had revenue of $47.78 million for the quarter, compared to the consensus estimate of $47.17 million. As a group, equities analysts predict that Heritage Commerce Corp will post 0.8 EPS for the current year.

Heritage Commerce Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th will be paid a dividend of $0.13 per share. The ex-dividend date is Thursday, August 7th. This represents a $0.52 annualized dividend and a dividend yield of 5.5%. Heritage Commerce’s dividend payout ratio is presently 82.54%.

Heritage Commerce Company Profile

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.