Pacific Heights Asset Management Decreased Schwab Charles (SCHW) Holding By $4.30 Million; Heritage Commerce (HTBK)’s Sentiment Is 1.3

January 14, 2018 - By Ellis Scott

Heritage Commerce Corp operates as the bank holding firm for Heritage Bank of Commerce that provides various commercial and personal banking services to residents and the business/professional community in California. The company has market cap of $636.05 million. It offers a range of deposit products for business banking and retail markets, including checking accounts, savings accounts, demand deposits, money market accounts, and time deposits. It has a 21.37 P/E ratio. The firm also provides various loan products comprising commercial loans, such as operating secured and unsecured loans advanced for working capital, equipment purchases, and other business purposes; commercial real estate loans; commercial construction loans for rental properties, commercial buildings, and homes; home equity lines of credit; consumer loans consisting of loans for financing automobiles, various consumer goods, and other personal purposes; and small business administration loans.

Pacific Heights Asset Management Llc decreased Schwab Charles Corp (SCHW) stake by 24.39% reported in 2017Q3 SEC filing. Pacific Heights Asset Management Llc sold 100,000 shares as Schwab Charles Corp (SCHW)’s stock declined 7.92%. The Pacific Heights Asset Management Llc holds 310,000 shares with $13.56 million value, down from 410,000 last quarter. Schwab Charles Corp now has $74.26 billion valuation. The stock increased 2.25% or $1.22 during the last trading session, reaching $55.39. About 7.52 million shares traded or 25.25% up from the average. The Charles Schwab Corporation (NYSE:SCHW) has risen 32.11% since January 14, 2017 and is uptrending. It has outperformed by 15.41% the S&P500.

Among 22 analysts covering Charles Schwab (NYSE:SCHW), 15 have Buy rating, 0 Sell and 7 Hold. Therefore 68% are positive. Charles Schwab had 81 analyst reports since August 11, 2015 according to SRatingsIntel. Morgan Stanley maintained it with “Overweight” rating and $53 target in Thursday, October 5 report. Deutsche Bank maintained The Charles Schwab Corporation (NYSE:SCHW) on Thursday, June 16 with “Buy” rating. The stock of The Charles Schwab Corporation (NYSE:SCHW) earned “Neutral” rating by SunTrust on Wednesday, March 23. The firm has “Overweight” rating by Barclays Capital given on Thursday, October 13. As per Tuesday, May 30, the company rating was maintained by Jefferies. Keefe Bruyette & Woods maintained The Charles Schwab Corporation (NYSE:SCHW) on Tuesday, October 10 with “Buy” rating. UBS maintained it with “Buy” rating and $44 target in Friday, February 3 report. The firm has “Buy” rating given on Wednesday, June 14 by Keefe Bruyette & Woods. The rating was maintained by Deutsche Bank on Wednesday, October 25 with “Hold”. The stock of The Charles Schwab Corporation (NYSE:SCHW) has “Buy” rating given on Monday, July 10 by Jefferies.

Analysts await The Charles Schwab Corporation (NYSE:SCHW) to report earnings on January, 17. They expect $0.41 EPS, up 13.89% or $0.05 from last year’s $0.36 per share. SCHW’s profit will be $549.64 million for 33.77 P/E if the $0.41 EPS becomes a reality. After $0.42 actual EPS reported by The Charles Schwab Corporation for the previous quarter, Wall Street now forecasts -2.38% negative EPS growth.

Investors sentiment decreased to 1.03 in 2017 Q3. Its down 0.27, from 1.3 in 2017Q2. It turned negative, as 41 investors sold SCHW shares while 299 reduced holdings. 75 funds opened positions while 275 raised stakes. 1.04 billion shares or 0.62% less from 1.05 billion shares in 2017Q2 were reported. Van Strum & Towne holds 0.15% of its portfolio in The Charles Schwab Corporation (NYSE:SCHW) for 5,300 shares. Ubs Oconnor Ltd Limited Liability Company holds 0.52% or 519,981 shares. The Pennsylvania-based Gardner Lewis Asset Management Lp has invested 0.27% in The Charles Schwab Corporation (NYSE:SCHW). The Massachusetts-based Commonwealth Equity Inc has invested 0.02% in The Charles Schwab Corporation (NYSE:SCHW). Amp Investors has invested 0.11% in The Charles Schwab Corporation (NYSE:SCHW). Hermes Mngmt reported 8,140 shares. Cape Cod Five Cents Natl Bank reported 43,917 shares. Allen Operations Ltd reported 21.75% in The Charles Schwab Corporation (NYSE:SCHW). Provise Mngmt Grp Lc reported 13,311 shares stake. Janney Montgomery Scott Lc invested 0.03% in The Charles Schwab Corporation (NYSE:SCHW). Winfield Assoc reported 662 shares. Btim holds 0.01% or 8,430 shares. Korea Investment reported 1.28 million shares. Illinois-based First Trust Advsr LP has invested 0.04% in The Charles Schwab Corporation (NYSE:SCHW). Moreover, Virtus Invest Advisers Inc has 0.32% invested in The Charles Schwab Corporation (NYSE:SCHW).

Since August 2, 2017, it had 0 insider buys, and 18 insider sales for $48.08 million activity. Shares for $998,528 were sold by BECHTLE NANCY H. Kallsen Terri R had sold 2,000 shares worth $86,137 on Wednesday, August 2. $17.69 million worth of The Charles Schwab Corporation (NYSE:SCHW) was sold by SCHWAB CHARLES R. $3.31 million worth of stock was sold by Clark Bernard J. on Wednesday, September 27. The insider Chandoha Marie A sold 3,923 shares worth $174,621. Another trade for 8,000 shares valued at $361,194 was made by Murtagh Nigel J on Tuesday, October 31.

Analysts await Heritage Commerce Corp (NASDAQ:HTBK) to report earnings on January, 25. They expect $0.23 earnings per share, up 21.05% or $0.04 from last year’s $0.19 per share. HTBK’s profit will be $8.79M for 18.10 P/E if the $0.23 EPS becomes a reality. After $0.22 actual earnings per share reported by Heritage Commerce Corp for the previous quarter, Wall Street now forecasts 4.55% EPS growth.

Since January 1, 0001, it had 0 buys, and 1 sale for $49,811 activity.

Jcsd Capital Llc holds 3.42% of its portfolio in Heritage Commerce Corp for 254,358 shares. Elizabeth Park Capital Advisors Ltd. owns 426,866 shares or 2.36% of their US portfolio. Moreover, Banc Funds Co Llc has 0.88% invested in the company for 1.37 million shares. The Missouri-based Stieven Capital Advisors L.P. has invested 0.87% in the stock. Fort Point Capital Partners Llc, a California-based fund reported 63,682 shares.

The stock increased 2.46% or $0.4 during the last trading session, reaching $16.65. About 258,620 shares traded or 89.78% up from the average. Heritage Commerce Corp (HTBK) has risen 32.65% since January 14, 2017 and is uptrending. It has outperformed by 15.95% the S&P500.

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