Heritage Commerce Corp: Price T Rowe Associates Inc Bought Stake

August 10, 2017 - By Darrin Black

 Heritage Commerce Corp: Price T Rowe Associates Inc  Bought Stake

Investors sentiment decreased to 1.6 in Q4 2016. Its down 0.14, from 1.74 in 2016Q3. It worsened, as 10 investors sold Heritage Commerce Corp. shares while 25 reduced holdings. 18 funds opened positions while 38 raised stakes. 24.55 million shares or 2.87% less from 25.27 million shares in 2016Q3 were reported.

Ny State Teachers Retirement System invested in 2,300 shares. Martingale Asset Limited Partnership holds 156,763 shares. Prudential Financial has invested 0% in Heritage Commerce Corp. (NASDAQ:HTBK). Concert Wealth Management accumulated 13,398 shares. Stevens Management L P stated it has 0.01% of its portfolio in Heritage Commerce Corp. (NASDAQ:HTBK). Rhumbline Advisers owns 30,180 shares. Zweig stated it has 702,006 shares or 0.73% of all its holdings. Moreover, Penn Capital Mngmt Com has 0.49% invested in Heritage Commerce Corp. (NASDAQ:HTBK). Northern Tru Corp holds 0% of its portfolio in Heritage Commerce Corp. (NASDAQ:HTBK) for 288,456 shares. 10,100 were accumulated by Ellington Management Gru Ltd Liability. Legal General Group Public Limited Com owns 0% invested in Heritage Commerce Corp. (NASDAQ:HTBK) for 6,558 shares. California State Teachers Retirement Systems has invested 0% in Heritage Commerce Corp. (NASDAQ:HTBK). Tfs Ltd holds 17,048 shares or 0.07% of its portfolio. Connor Clark & Lunn Mgmt Limited owns 65,244 shares. 1,463 were accumulated by Bnp Paribas Arbitrage Sa.

Since March 2, 2017, it had 0 insider purchases, and 2 sales for $349,220 activity. $196,052 worth of stock was sold by Kaczmarek Walter Theodore on Friday, March 10. $153,168 worth of Heritage Commerce Corp. (NASDAQ:HTBK) was sold by Conner Jack W on Thursday, March 2.

The New Price T Rowe Associates Inc Holding in Heritage Commerce Corp

Price T Rowe Associates Inc reported SC 13G/A form with the SEC for Heritage Commerce Corp. Access it here: 000008025517001353. As reported by Price T Rowe Associates Inc , the filler owns 10.1% or 3,865,555 shares of the Finance–company.

Heritage Commerce Corp stake is new for [reportingPerson]. Date of activity: July 31, 2017. This shows Price T Rowe Associates Inc ’s positive view for Heritage Commerce Corp. For a institutional investor managing $689.00 billion in assets and having 2216+ experts this is interesting position.

Heritage Commerce Corp Institutional Sentiment

Filings show 80 investors own Heritage Commerce Corp. The ownership in Q3 2015 is high, at 60.97 % of the outstanding shares. This is increased by 5490255. 23249091 were owned by these investors. 17 funds opened new Heritage Commerce Corp stakes, 25 increased positions. There were 9 that closed positions and 23 reduced them.

3 investors had the stock in their top 10. Some are: Jcsd Capital Llc..

Paragon Associates & Paragon Associates Ii Joint Venture is an investor bullish on Heritage Commerce Corp, owning 60000 shares as of Q3 2015 for 0.73% of its portfolio. Clover Partners Lp owns 556183 shares or 3.07% of its portfolio. CA Castle Creek Capital Partners Iv Lp have 5.01% of its portfolio for 1308300 shares. Further, Jcsd Capital Llc reported stake worth 5.69% of its portfolio. The PA Patriot Financial Partners Gp Lp owns 2595000 shares. Heritage Commerce Corp is 7.04% of its portfolio.

Business Profile

Heritage Commerce Corp is a bank holding company. The Company, through its subsidiary Heritage Bank of Commerce (the Bank), provides a range of banking services. The Bank is a California state-chartered multi-community independent bank that offers a range of commercial banking services to small and medium-sized businesses and their owners, managers and employees. As of December 31, 2016, the Company operated through 11 service branch offices located in the southern and eastern regions of the general San Francisco Bay Area of California in the counties of Santa Clara, Alameda, Contra Costa and San Benito. The Company’s subsidiary, CSNK Working Capital Finance Corp., doing business as Bay View Funding, provides business-essential working capital factoring financing to various industries across the United States. As of December 31, 2016, the Bank operated automated teller machines (ATMs) at five different locations.

SEC Form 13G.

Price T Rowe Associates Inc website.

About 39,692 shares traded. Heritage Commerce Corp. (NASDAQ:HTBK) has risen 32.65% since August 10, 2016 and is uptrending. It has outperformed by 15.95% the S&P500.

Heritage Commerce Corp is a bank holding company. The company has market cap of $513.62 million. The Company, through its subsidiary Heritage Bank of Commerce , provides a range of banking services. It has a 18.5 P/E ratio. The Bank is a California state-chartered multi-community independent bank that offers a range of commercial banking services to small and medium-sized businesses and their owners, managers and employees.

Heritage Commerce Corp. (NASDAQ:HTBK) Ratings Coverage

Among 5 analysts covering Heritage Commerce (NASDAQ:HTBK), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. Heritage Commerce has $15.5000 highest and $0.50 lowest target. $9.50’s average target is -29.47% below currents $13.47 stock price. Heritage Commerce had 10 analyst reports since July 28, 2015 according to SRatingsIntel. As per Friday, July 28, the company rating was maintained by Brean Capital. Keefe Bruyette & Woods downgraded Heritage Commerce Corp. (NASDAQ:HTBK) on Monday, January 30 to “Mkt Perform” rating. As per Tuesday, October 27, the company rating was downgraded by FIG Partners. Sandler O’Neill upgraded the shares of HTBK in report on Monday, November 23 to “Buy” rating. Brean Capital initiated Heritage Commerce Corp. (NASDAQ:HTBK) on Tuesday, January 10 with “Buy” rating. Sandler O’Neill downgraded the stock to “Hold” rating in Monday, September 28 report.

More notable recent Heritage Commerce Corp. (NASDAQ:HTBK) news were published by: Globenewswire.com which released: “Heritage Commerce Corp to Participate in the KBW 2017 Community Bank Investor …” on July 31, 2017, also Nasdaq.com with their article: “Heritage Commerce Corp (HTBK) Ex-Dividend Date Scheduled for August 08, 2017” published on August 07, 2017, Globenewswire.com published: “Raymond James Awards Community Bankers Cup to Heritage Commerce Corp; Ranks as …” on June 07, 2017. More interesting news about Heritage Commerce Corp. (NASDAQ:HTBK) were released by: Globenewswire.com and their article: “Heritage Commerce Corp Named to Sandler O’Neill Bank and Thrift Sm-All Stars …” published on September 28, 2016 as well as Globenewswire.com‘s news article titled: “Heritage Bank of Commerce Provides $9 Million Facility to Vivex, Inc.” with publication date: April 05, 2017.

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