Heritage Commerce Corp $HTBK Shares Acquired by Jacobs Asset Management LLC

Jacobs Asset Management LLC boosted its position in Heritage Commerce Corp (NASDAQ:HTBK) by 31.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 262,500 shares of the financial services provider’s stock after buying an additional 62,500 shares during the quarter. Heritage Commerce accounts for approximately 2.0% of Jacobs Asset Management LLC’s holdings, making the stock its 19th biggest holding. Jacobs Asset Management LLC owned about 0.43% of Heritage Commerce worth $3,276,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HTBK. Clearstead Advisors LLC increased its position in shares of Heritage Commerce by 129.5% during the fourth quarter. Clearstead Advisors LLC now owns 3,599 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 2,031 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Heritage Commerce by 42.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,739 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 1,405 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Heritage Commerce by 16,272.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,403 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 5,370 shares during the last quarter. Globeflex Capital L P acquired a new position in shares of Heritage Commerce in the 4th quarter valued at approximately $66,000. Finally, Larson Financial Group LLC boosted its stake in shares of Heritage Commerce by 495.3% during the 3rd quarter. Larson Financial Group LLC now owns 5,620 shares of the financial services provider’s stock valued at $56,000 after buying an additional 4,676 shares during the last quarter. 75.55% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Zacks Research cut shares of Heritage Commerce from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 9th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $13.12.

Heritage Commerce Price Performance

NASDAQ:HTBK opened at $13.45 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.74 and a current ratio of 0.74. The company has a market capitalization of $828.43 million, a price-to-earnings ratio of 17.24 and a beta of 0.69. Heritage Commerce Corp has a one year low of $8.73 and a one year high of $13.82. The stock has a 50-day simple moving average of $13.45 and a 200 day simple moving average of $13.10.

Heritage Commerce Profile

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.