Heritage Commerce Corp $HTBK Shares Purchased by Kennedy Capital Management LLC
by Sarita Garza · The Markets DailyKennedy Capital Management LLC raised its stake in shares of Heritage Commerce Corp (NASDAQ:HTBK – Free Report) by 20.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,003,248 shares of the financial services provider’s stock after purchasing an additional 166,908 shares during the period. Kennedy Capital Management LLC’s holdings in Heritage Commerce were worth $12,049,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of HTBK. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Heritage Commerce by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,402 shares of the financial services provider’s stock worth $337,000 after acquiring an additional 1,482 shares in the last quarter. Empowered Funds LLC increased its position in shares of Heritage Commerce by 8.5% in the first quarter. Empowered Funds LLC now owns 171,866 shares of the financial services provider’s stock worth $1,636,000 after acquiring an additional 13,519 shares in the last quarter. Jane Street Group LLC increased its position in shares of Heritage Commerce by 158.2% in the first quarter. Jane Street Group LLC now owns 144,919 shares of the financial services provider’s stock worth $1,380,000 after acquiring an additional 88,801 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Heritage Commerce in the first quarter worth $316,000. Finally, Rhumbline Advisers increased its position in shares of Heritage Commerce by 19.9% in the second quarter. Rhumbline Advisers now owns 109,442 shares of the financial services provider’s stock worth $1,087,000 after acquiring an additional 18,150 shares in the last quarter. Institutional investors and hedge funds own 75.55% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on HTBK shares. Weiss Ratings raised shares of Heritage Commerce from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 9th. Zacks Research lowered shares of Heritage Commerce from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 9th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $13.13.
Heritage Commerce Price Performance
Shares of HTBK stock opened at $13.45 on Monday. The company has a market capitalization of $828.43 million, a PE ratio of 17.24 and a beta of 0.69. The firm has a fifty day simple moving average of $13.37 and a 200-day simple moving average of $12.77. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.06. Heritage Commerce Corp has a twelve month low of $8.73 and a twelve month high of $13.83.
About Heritage Commerce
Heritage Commerce Corporation, headquartered in Farmington Hills, Michigan, is the bank holding company for Heritage Bank, N.A., a community-oriented financial institution. Traded on NASDAQ under the symbol HTBK, the company focuses on delivering tailored banking services to businesses, professionals and individuals throughout Southeastern Michigan.
Heritage Bank, N.A. offers a comprehensive portfolio of deposit and lending products designed to meet the needs of commercial and consumer clients.
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