Heritage Commerce Corp’s filing revealed that its Director Conner Jack W acquired Company’s shares for reported $36844.0 on May 05. In the deal valued at $7.37 per share,5,000 shares were bought. As a result of this transaction, Conner Jack W now holds 44,344 shares worth roughly $ 0.39 million.
Then, Conner Jack W bought 10,000 shares, generating $76,083 in total proceeds. Upon buying the shares at $7.61, the Director now owns 39,344 shares.
Before that, DiNapoli Jason Philip bought 3,660 shares. Heritage Commerce Corp shares valued at $43,609 were divested by the Director at a price of $11.92 per share. As a result of the transaction, DiNapoli Jason Philip now holds 340,187 shares, worth roughly $3.01 million.
Stephens downgraded its Heritage Commerce Corp [HTBK] rating to an Equal-weight from a an Overweight in a research note published on Friday. PT values the company’s stock at a premium of 11.4 to its Friday closing price.
Price Performance Review of HTBK
On Friday, Heritage Commerce Corp [NASDAQ:HTBK] saw its stock jump 2.19% to $8.86. On the same session, the stock had its day’s lowest price of $8.71, but rose to a high of $8.95. Over the last five days, the stock has gained 2.31%. Heritage Commerce Corp shares have fallen nearly -31.85% since the year began. Nevertheless, the stocks have fallen -21.52% over the past one year. While a 52-week high of $14.87 was reached on 01/13/23, a 52-week low of $6.69 was recorded on 05/04/23. SMA at 50 days reached $8.99, while 200 days put it at $10.20. A total of 0.15 million shares were traded, compared to the trading of 0.23 million shares in the previous session.
Levels Of Support And Resistance For HTBK Stock
The 24-hour chart illustrates a support level at 8.73, which if violated will result in even more drops to 8.60. On the upside, there is a resistance level at 8.97. A further resistance level may holdings at 9.08. The Relative Strength Index (RSI) on the 14-day chart is 46.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 45.31%. Stochastics %K at 27.84% indicates the stock is a holding.
How much short interest is there in Heritage Commerce Corp?
A steep rise in short interest was recorded in Heritage Commerce Corp stocks on Aug 14, 2023, dropping by 76660.0 shares to a total of 0.55 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.62 million shares. There was a decline of -14.06%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 0.93% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.18.
Heritage Commerce Corp [HTBK] – Who Are The Largest Shareholders?
In filings from T. Rowe Price Investment Manageme, it is revealed that the company now owns 5,654,209 shares, or roughly 9.27% of the outstanding HTBK shares. In other words, the investor’s shares have risen by 8,745 from its previous 13-F filing of 5645464.0. Additionally, BlackRock Fund Advisors increased 19.56% of its stake after which the total value it holdings stand at $52,570,157, while The Vanguard Group, Inc. added 0.16% of its stake to hold $28.72 million in the firm. Over the last quarter, Dimensional Fund Advisors LP sold -333,277 shares of Heritage Commerce Corp, while SSgA Funds Management, Inc. sold 43,962 shares. At present, Manulife Investment Management is holding 1,626,111 shares valued at $15.61 million. FJ Capital Management LLC owned 1,408,709 shares of the company at the time of its most recent 13F filing, worth $13.52 million.
According to FactSet, Heritage Commerce Corp’s share price will average $11.25 in the next year, based on opinions of analysts polled by the firm. This is up nearly 26.87 percent from its previous closing price of $8.67. Analysts expect Heritage Commerce Corp stock to reach the higher price of $13.00, while the lowest price estimate is $10.00. However, 6 analysts have rated HTBK stock as an Overweight in their predictions for 2023.