Heritage Commerce Corp (NASDAQ:HTBK) is expected to pay $0.09 on Nov 22, 2016. The indicated annual dividend is $0.36. Shareholders owning the stock before Nov 4, 2016 will be eligible to receive the payout. Based on Heritage Commerce Corp’s current price of $10.80, the dividend is 0.83%. This dividend’s record date is Nov 8, 2016 and the announcement date is Oct 28, 2016. The stock decreased 0.55% or $0.06 on November 2, hitting $10.8. Heritage Commerce Corp. (NASDAQ:HTBK) has risen 7.04% since April 1, 2016 and is uptrending. It has outperformed by 5.82% the S&P500.
Heritage Commerce Corp is a bank holding company. The company has a market cap of $407.14 million. The Company, through its subsidiary Heritage Bank of Commerce , provides a range of banking services. It has a 16.74 P/E ratio. 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.
Insitutional Activity: The institutional sentiment increased to 1.17 in Q2 2016. Its up 0.08, from 1.09 in 2016Q1. The ratio improved, as 7 funds sold all Heritage Commerce Corp. shares owned while 28 reduced positions. 12 funds bought stakes while 29 increased positions. They now own 19.52 million shares or 1.13% more from 19.30 million shares in 2016Q1.
Stieven Capital Limited Partnership owns 321,509 shares or 0.94% of their US portfolio. Castle Creek Cap Iv Limited Partnership has 6.63% invested in the company for 1.31 million shares. Gsa Cap Prtn Llp last reported 20,169 shares in the company. Pnc Financial Serv Group holds 0% of its portfolio in Heritage Commerce Corp. (NASDAQ:HTBK) for 63 shares. Ameriprise Financial last reported 0% of its portfolio in the stock. The New York-based Hilton Capital Mngmt Ltd Liability has invested 0.09% in Heritage Commerce Corp. (NASDAQ:HTBK). Royal Commercial Bank Of Canada holds 0% of its portfolio in Heritage Commerce Corp. (NASDAQ:HTBK) for 13,029 shares. Parametric Portfolio Associates Ltd Liability Com accumulated 11,873 shares or 0% of the stock. Jcsd Ltd Liability Company holds 377,210 shares or 4.36% of its portfolio. Teachers last reported 0% of its portfolio in the stock. Fort Point Cap Prns Ltd Liability Corporation has 63,682 shares for 0.33% of their US portfolio. The Switzerland-based Credit Suisse Ag has invested 0% in Heritage Commerce Corp. (NASDAQ:HTBK). Loomis Sayles & Lp has 0% invested in the company for 85 shares. Millennium Llc, a New York-based fund reported 15,484 shares. Wells Fargo & Commerce Mn accumulated 30,263 shares or 0% of the stock.
Insider Transactions: Since May 9, 2016, the stock had 2 insider purchases, and 18 sales for $15.34 million net activity. 2,500 Heritage Commerce Corp. (NASDAQ:HTBK) shares with value of $26,875 were sold by BIAGINI KOMAS JULIANNE M. The insider WYCOFF W KIRK sold 6,968 shares worth $80,139. 1,800 shares were sold by PORTER DAVID, worth $18,815 on Monday, May 9. The insider EGGEMEYER JOHN M III sold 915,000 shares worth $10.71 million. 5,000 shares with value of $52,138 were bought by DINAPOLI J PHILIP on Tuesday, August 2. Conner Jack W sold $3,462 worth of stock. Shares for $5,400 were sold by Benito Michael Eugene on Wednesday, May 18.
Heritage Commerce Corp. (NASDAQ:HTBK) Ratings Coverage
Out of 4 analysts covering Heritage Commerce (NASDAQ:HTBK), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. $12 is the highest target while $0.50 is the lowest. The $7.50 average target is -30.56% below today’s ($10.8) stock price. Heritage Commerce has been the topic of 7 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Monday, November 23 by Sandler O’Neill. As per Monday, September 28, the company rating was downgraded by Sandler O’Neill. The rating was downgraded by FIG Partners on Tuesday, October 27 to “Market Perform”.
More important recent Heritage Commerce Corp. (NASDAQ:HTBK) news were published by: Reuters.com which released: “BRIEF-Heritage Commerce Corp posts Q3 earnings per share $0.18” on October 28, 2016, also Globenewswire.com published article titled: “Heritage Commerce Corp Named to Sandler O’Neill Bank and Thrift Sm-All Stars …”, Globenewswire.com published: “Heritage Commerce Corp and Focus Business Bank Plan to Merge” on April 23, 2015. More interesting news about Heritage Commerce Corp. (NASDAQ:HTBK) was released by: Globenewswire.com and their article: “Heritage Commerce Corp Announces the Completion of Its Merger With Focus …” with publication date: August 21, 2015.
HTBK Company Profile
Heritage Commerce Corp, incorporated on October 9, 1997, 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. The Firm operates through approximately 10 service branch offices located in the southern and eastern regions of the general San Francisco Bay Area of California in the counties of Santa Clara, Alameda, Contra Costa and San Benito. The Company’s subsidiary BVF/CSNK Acquisition Corp. provides business-essential working capital factoring financing to various industries across the United States.
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