Heritage Commerce Corp (NASDAQ:HTBK) Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. increased its position in Heritage Commerce Corp (NASDAQ:HTBK - Free Report) by 58.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 463,774 shares of the financial services provider's stock after purchasing an additional 170,989 shares during the quarter. Assenagon Asset Management S.A. owned 0.76% of Heritage Commerce worth $4,350,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in HTBK. Wellington Management Group LLP purchased a new position in Heritage Commerce in the 3rd quarter valued at about $20,093,000. American Century Companies Inc. grew its stake in Heritage Commerce by 21.2% during the 2nd quarter. American Century Companies Inc. now owns 921,389 shares of the financial services provider's stock valued at $8,016,000 after purchasing an additional 160,977 shares in the last quarter. AQR Capital Management LLC increased its holdings in Heritage Commerce by 32.5% during the 2nd quarter. AQR Capital Management LLC now owns 544,471 shares of the financial services provider's stock worth $4,737,000 after purchasing an additional 133,514 shares during the last quarter. State Street Corp raised its position in shares of Heritage Commerce by 3.2% in the 3rd quarter. State Street Corp now owns 1,965,643 shares of the financial services provider's stock valued at $19,421,000 after purchasing an additional 61,630 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its stake in shares of Heritage Commerce by 49.4% during the 3rd quarter. GSA Capital Partners LLP now owns 127,528 shares of the financial services provider's stock valued at $1,260,000 after buying an additional 42,167 shares during the last quarter. 75.55% of the stock is owned by institutional investors and hedge funds.

Heritage Commerce Stock Up 0.7 %

NASDAQ HTBK traded up $0.07 on Tuesday, hitting $9.29. 104,338 shares of the stock traded hands, compared to its average volume of 267,960. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.06. The stock has a 50-day moving average of $9.95 and a 200 day moving average of $9.87. Heritage Commerce Corp has a twelve month low of $7.66 and a twelve month high of $11.27. The company has a market capitalization of $569.17 million, a P/E ratio of 13.08 and a beta of 0.96.

Heritage Commerce (NASDAQ:HTBK - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17. Heritage Commerce had a net margin of 17.61% and a return on equity of 6.37%. The business had revenue of $63.68 million during the quarter, compared to analyst estimates of $43.14 million. As a group, analysts expect that Heritage Commerce Corp will post 0.66 earnings per share for the current fiscal year.

Heritage Commerce Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 7th were given a dividend of $0.13 per share. The ex-dividend date was Thursday, November 7th. This represents a $0.52 dividend on an annualized basis and a yield of 5.60%. Heritage Commerce's dividend payout ratio is currently 73.24%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Heritage Commerce from a "sell" rating to a "hold" rating in a research note on Wednesday, December 4th.

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.