Heritage Commerce Corp $HTBK Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. trimmed its stake in Heritage Commerce Corp (NASDAQ:HTBK) by 85.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 61,453 shares of the financial services provider’s stock after selling 355,676 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Heritage Commerce were worth $767,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CANADA LIFE ASSURANCE Co raised its stake in Heritage Commerce by 8.1% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 12,181 shares of the financial services provider’s stock worth $146,000 after purchasing an additional 913 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Heritage Commerce by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,402 shares of the financial services provider’s stock valued at $337,000 after purchasing an additional 1,482 shares during the last quarter. Mariner LLC grew its stake in shares of Heritage Commerce by 2.6% during the 3rd quarter. Mariner LLC now owns 68,844 shares of the financial services provider’s stock valued at $684,000 after buying an additional 1,730 shares during the period. Larson Financial Group LLC grew its stake in shares of Heritage Commerce by 31.0% during the 4th quarter. Larson Financial Group LLC now owns 7,365 shares of the financial services provider’s stock valued at $88,000 after buying an additional 1,745 shares during the period. Finally, Captrust Financial Advisors increased its holdings in shares of Heritage Commerce by 16.9% during the 4th quarter. Captrust Financial Advisors now owns 12,597 shares of the financial services provider’s stock worth $151,000 after buying an additional 1,821 shares during the last quarter. Institutional investors and hedge funds own 75.55% of the company’s stock.

Heritage Commerce Stock Performance

Shares of HTBK stock opened at $13.45 on Friday. The company’s fifty day simple moving average is $13.45 and its 200-day simple moving average is $12.97. Heritage Commerce Corp has a 52 week low of $8.73 and a 52 week high of $13.82. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.06. The company has a market cap of $828.43 million, a PE ratio of 17.24 and a beta of 0.69.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Zacks Research lowered Heritage Commerce from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 9th. Weiss Ratings raised Heritage Commerce from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 9th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Heritage Commerce currently has an average rating of “Hold” and a consensus target price of $13.12.

Heritage Commerce Company 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.