Y Intercept Hong Kong Ltd Takes $749,000 Position in Heritage Commerce Corp $HTBK

Y Intercept Hong Kong Ltd bought a new stake in shares of Heritage Commerce Corp (NASDAQ:HTBK) during the 1st quarter, according to its most recent filing with the SEC. The fund bought 60,055 shares of the financial services provider’s stock, valued at approximately $749,000. Y Intercept Hong Kong Ltd owned approximately 0.10% of Heritage Commerce as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HTBK. Clearstead Advisors LLC raised its position in Heritage Commerce by 129.5% in the fourth quarter. Clearstead Advisors LLC now owns 3,599 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 2,031 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Heritage Commerce by 16,272.7% during the second quarter. EverSource Wealth Advisors LLC now owns 5,403 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 5,370 shares in the last quarter. Larson Financial Group LLC grew its stake in shares of Heritage Commerce by 495.3% in the 3rd quarter. Larson Financial Group LLC now owns 5,620 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 4,676 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Heritage Commerce by 368.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 6,433 shares of the financial services provider’s stock valued at $64,000 after purchasing an additional 5,061 shares during the period. Finally, Globeflex Capital L P acquired a new position in shares of Heritage Commerce in the 4th quarter worth approximately $66,000. Institutional investors own 75.55% of the company’s stock.

Heritage Commerce Stock Performance

Shares of Heritage Commerce stock opened at $13.45 on Monday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.74 and a quick ratio of 0.74. The firm has a 50 day simple moving average of $13.45 and a 200 day simple moving average of $13.02. Heritage Commerce Corp has a fifty-two week low of $8.73 and a fifty-two week high of $13.82. The firm has a market cap of $828.43 million, a P/E ratio of 17.24 and a beta of 0.69.

Analysts Set New Price Targets

Separately, Zacks Research downgraded Heritage Commerce from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 9th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Heritage Commerce presently has an average rating of “Hold” and a consensus price target 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.