Heritage Commerce (NASDAQ:HTBK) Shares Cross Above 200 Day Moving Average – Should You Sell?

Heritage Commerce Corp (NASDAQ:HTBK)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $9.89 and traded as high as $10.79. Heritage Commerce shares last traded at $10.65, with a volume of 474,646 shares.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. StockNews.com raised shares of Heritage Commerce from a “sell” rating to a “hold” rating in a research report on Wednesday, December 4th. Stephens raised shares of Heritage Commerce from an “equal weight” rating to an “overweight” rating in a report on Friday, February 7th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Heritage Commerce from $12.50 to $11.50 and set an “outperform” rating on the stock in a report on Friday, January 24th.

Heritage Commerce Trading Up 0.6 %

The firm’s 50-day moving average is $9.67 and its 200 day moving average is $9.89. 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 firm has a market capitalization of $652.85 million, a price-to-earnings ratio of 16.14 and a beta of 0.96.

Heritage Commerce (NASDAQ:HTBK) last posted its earnings results on Thursday, January 23rd. The financial services provider reported $0.17 EPS for the quarter, hitting the consensus estimate of $0.17. Heritage Commerce had a net margin of 16.12% and a return on equity of 5.96%. On average, equities analysts predict that Heritage Commerce Corp will post 0.8 earnings per share for the current fiscal year.

Heritage Commerce Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th will be given a $0.13 dividend. The ex-dividend date of this dividend is Thursday, February 6th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.88%. Heritage Commerce’s dividend payout ratio (DPR) is currently 78.79%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of HTBK. CWM LLC lifted its position in shares of Heritage Commerce by 46.3% in the 3rd quarter. CWM LLC now owns 14,536 shares of the financial services provider’s stock worth $144,000 after purchasing an additional 4,600 shares during the period. Creative Planning lifted its position in shares of Heritage Commerce by 26.2% in the 3rd quarter. Creative Planning now owns 95,262 shares of the financial services provider’s stock worth $941,000 after purchasing an additional 19,800 shares during the period. nVerses Capital LLC acquired a new position in shares of Heritage Commerce in the 3rd quarter worth approximately $73,000. NorthCrest Asset Manangement LLC bought a new stake in shares of Heritage Commerce in the 3rd quarter valued at $100,000. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Heritage Commerce by 27.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 16,262 shares of the financial services provider’s stock valued at $161,000 after acquiring an additional 3,529 shares in the last quarter. Institutional investors and hedge funds own 75.55% of the company’s stock.

Heritage Commerce Company Profile

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.