Heritage Commerce (NASDAQ:HTBK) Stock Rating Upgraded by Stephens

Heritage Commerce (NASDAQ:HTBK - Get Free Report) was upgraded by equities researchers at Stephens from an "equal weight" rating to an "overweight" rating in a research report issued on Friday, MarketBeat reports.

Other research analysts also recently issued research reports about the company. Keefe, Bruyette & Woods cut their target price on Heritage Commerce from $12.50 to $11.50 and set an "outperform" rating for the company in a research note on Friday, January 24th. StockNews.com raised shares of Heritage Commerce from a "sell" rating to a "hold" rating in a research note on Wednesday, December 4th.

Heritage Commerce Stock Up 1.1 %

NASDAQ:HTBK traded up $0.11 during trading hours on Friday, hitting $10.45. 109,224 shares of the company traded hands, compared to its average volume of 369,898. Heritage Commerce has a one year low of $7.66 and a one year high of $11.27. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.06. The company has a market cap of $640.52 million, a PE ratio of 15.83 and a beta of 0.96. The firm's 50-day simple moving average is $9.66 and its 200-day simple moving average is $9.89.

Heritage Commerce (NASDAQ:HTBK - Get Free Report) last announced its earnings results on Thursday, January 23rd. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.17. Heritage Commerce had a return on equity of 5.96% and a net margin of 16.12%. Equities analysts predict that Heritage Commerce will post 0.8 earnings per share for the current year.

Institutional Investors Weigh In On Heritage Commerce

A number of large investors have recently modified their holdings of HTBK. Fox Run Management L.L.C. bought a new stake in shares of Heritage Commerce during the 4th quarter valued at $123,000. KLP Kapitalforvaltning AS purchased a new stake in Heritage Commerce in the fourth quarter worth about $129,000. Sei Investments Co. increased its stake in shares of Heritage Commerce by 90.5% during the fourth quarter. Sei Investments Co. now owns 63,565 shares of the financial services provider's stock valued at $596,000 after purchasing an additional 30,192 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Heritage Commerce by 3.4% during the fourth quarter. American Century Companies Inc. now owns 1,129,910 shares of the financial services provider's stock valued at $10,599,000 after purchasing an additional 36,821 shares during the last quarter. Finally, Boston Partners boosted its position in shares of Heritage Commerce by 1.7% in the 4th quarter. Boston Partners now owns 1,564,741 shares of the financial services provider's stock worth $14,620,000 after purchasing an additional 26,442 shares in the last quarter. Institutional investors own 75.55% of the company's stock.

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.