Heritage Commerce Corp (NASDAQ:HTBK) Shares Sold by Renaissance Technologies LLC

Xavier Trudeau
Августа 13, 2017

Palouse Capital Management Inc. owned about 0.05% of Heritage Commerce Corp worth $266,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Parametric Portfolio Associates LLC increased its position in Heritage Financial Corporation by 5.7% in the first quarter. Stevens Capital Management LP now owns 13,974 shares of the financial services provider's stock valued at $197,000 after buying an additional 2,308 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Heritage Commerce Corp during the first quarter valued at $196,000. Vanguard Group Inc. increased its stake in shares of Heritage Financial Corporation by 6.1% in the first quarter. State Street Corp now owns 576,051 shares of the financial services provider's stock valued at $14,832,000 after buying an additional 73,531 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Heritage Commerce Corp by 9.2% in the first quarter. Renaissance Technologies LLC now owns 681,000 shares of the financial services provider's stock valued at $9,827,000 after buying an additional 386,400 shares during the last quarter.

Trading volume for Heritage Financial Corporation was 137K on Friday. Heritage Financial Corporation has a 1-year low of $16.89 and a 1-year high of $27.70. The firm has a 50 day moving average of $26.50 and a 200 day moving average of $25.30. The firm has a market capitalization of $501.79 million, a P/E ratio of 18.05 and a beta of 0.52.

Heritage Commerce Corp (NASDAQ:HTBK) last posted its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.39 EPS for the quarter, topping the consensus estimate of $0.32 by $0.07. The company had revenue of $27.23 million during the quarter, compared to analysts' expectations of $27.90 million. Equities analysts predict that Heritage Commerce Corp will post $0.78 earnings per share for the current fiscal year. Shareholders of record on Thursday, August 10th will be issued a dividend of $0.13 per share. The ex-dividend date was Tuesday the 8th of August 2017. This represents a $0.52 annualized dividend and a dividend yield of 1.98%. Heritage Financial Corporation's payout ratio is 37.14%.

TRADEMARK VIOLATION NOTICE: "Heritage Financial Corporation (NASDAQ:HFWA) Shares Sold by Rice Hall James & Associates LLC" was first reported by Markets Daily and is the sole property of of Markets Daily. If you are accessing this report on another website, it was stolen and reposted in violation of USA & worldwide copyright laws. The legal version of this report can be viewed at https://www.com-unik.info/2017/08/11/bank-of-new-york-mellon-corp-sells-3987-shares-of-heritage-commerce-corp-htbk-updated-updated-updated.html.

Several brokerages have recently commented on HTBK. Zacks Investment Research downgraded shares of Heritage Commerce Corp from a "hold" rating to a "sell" rating in a research note on Wednesday, May 3rd. Zacks Investment Research upgraded Heritage Financial Corporation from a "hold" rating to a "buy" rating and set a $30.00 price target on the stock in a research note on Friday, July 28th. BidaskClub lowered shares of Heritage Financial Corporation from a "buy" rating to a "hold" rating in a report on Tuesday, July 11th. Parkwood LLC increased its stake in shares of Heritage Financial Corporation by 14.8% in the second quarter. ValuEngine raised Heritage Financial Corporation from a "hold" rating to a "buy" rating in a report on Friday, June 2nd. Piper Jaffray Companies lowered their price objective on shares of Heritage Financial Corporation from $24.00 to $23.00 and set a "neutral" rating for the company in a research report on Monday, April 17th. The company presently has a consensus rating of Hold and an average target price of $15.50. The shares were sold on July 31st for an average price of $27.28. Following the completion of the transaction, the director now owns 49,042 shares of the company's stock, valued at approximately $1,337,865.76. Institutional investors and hedge funds own 69.44% of the company's stock.

Heritage Financial Corporation is a bank holding company. The Company is involved in the business of planning, directing and coordinating the business activities of its bank subsidiary, Heritage Bank (the Bank). The Bank's lending activities focus on commercial business lending. The Bank also originates consumer loans, real estate construction and land development loans, and one- to four-family residential loans.

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