Heritage Commerce (HTBK)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	956.31 mm	956.31 mm	956.31 mm	956.31 mm	956.31 mm	956.31 mm
Cash burn (monthly)	(no burn)	(no burn)	(no burn)	(no burn)	588.00 k	(no burn)
Cash used (since last report)	n/a	n/a	n/a	n/a	1.65 mm	n/a
Cash remaining	n/a	n/a	n/a	n/a	954.66 mm	n/a
Runway (months of cash)	n/a	n/a	n/a	n/a	1623.6	n/a

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Financial data from company earnings reports.

Institutional ownership, Q2 2024

HTBK institutional ownership history Ownership history

32.7% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	80	144	-44.4%
Opened positions	23	114	-79.8%
Closed positions	87	5	+1640.0%
Increased positions	33	7	+371.4%
Reduced positions	16	14	+14.3%

13F shares	Current	Prev Q	Change
Total value	168.83 bn	345.90 bn	-51.2%
Total shares	19.97 mm	43.00 mm	-53.6%
Total puts	600.00	0.00	NEW
Total calls	800.00	28.60 k	-97.2%
Total put/call ratio	0.8	–	–

Largest owners	Shares	Value	Change
FJ Capital Management	5.99 mm	$52.11 bn	+41.6%
STT State Street	1.90 mm	$16.56 bn	+0.6%
Manufacturers Life Insurance Company, The	1.36 mm	$11.79 bn	-3.8%
Assenagon Asset Management	1.02 mm	$8.91 bn	+830.2%
Kennedy Capital Management	932.69 k	$8.11 bn	+15.3%
Hotchkis & Wiley Capital Management	751.68 k	$6.54 bn	+14.2%
Endeavour Capital Advisors	651.41 k	$5.67 bn	NEW
ALTI AlTi Global	648.29 k	$5.64 bn	+1.1%
Two Sigma Advisers	551.20 k	$4.80 bn	+25.2%
Aqr Capital Management	544.47 k	$4.74 bn	NEW

Largest transactions	Shares	Bought/sold	Change
BLK BlackRock	0.00	-8.16 mm	EXIT
Vanguard	0.00	-3.31 mm	EXIT
Dimensional Fund Advisors	0.00	-3.15 mm	EXIT
Boston Partners	0.00	-1.84 mm	EXIT
FJ Capital Management	5.99 mm	+1.76 mm	+41.6%
JPM JPMorgan Chase & Co.	0.00	-1.66 mm	EXIT
Geode Capital Management	0.00	-1.38 mm	EXIT
Assenagon Asset Management	1.02 mm	+914.25 k	+830.2%
American Century Companies	0.00	-760.41 k	EXIT
T. Rowe Price Investment Management	0.00	-748.89 k	EXIT

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

HTBK insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
26 Nov 24	Jones Robertson Clay JR	Common Stock, No Par Value	Payment of exercise	Dispose F	No	No	10.73	16,989	182.29 k	245,439
26 Nov 24	Jones Robertson Clay JR	Common Stock, No Par Value	Option exercise	Acquire M	No	No	4.92	37,050	182.29 k	262,428
26 Nov 24	Jones Robertson Clay JR	Employee Stock Option Heritage Commerce Corp - Common Stock	Option exercise	Dispose M	No	No	4.92	37,050	182.29 k	0
26 Nov 24	Cabral Bruce H	Common Stock, No Par Value	Option exercise	Acquire M	No	No	5.5	2,470	13.59 k	31,207
26 Nov 24	Cabral Bruce H	Common Stock, No Par Value	Option exercise	Acquire M	No	No	4.92	2,470	12.15 k	28,737
26 Nov 24	Cabral Bruce H	Common Stock, No Par Value	Option exercise	Acquire M	No	No	4.85	2,470	11.98 k	26,267
26 Nov 24	Cabral Bruce H	Employee Stock Option Heritage Commerce Corp - Common Stock	Option exercise	Dispose M	No	No	4.92	2,470	12.15 k	0
26 Nov 24	Cabral Bruce H	Employee Stock Option Heritage Commerce Corp - Common Stock	Option exercise	Dispose M	No	No	4.85	2,470	11.98 k	0
26 Nov 24	Cabral Bruce H	Employee Stock Option Heritage Commerce Corp - Common Stock	Option exercise	Dispose M	No	No	5.5	2,470	13.59 k	0
18 Nov 24	Thomas A	RSU Common Stock, No Par Value	Grant	Acquire A	No	No	0	37,664	0.00	37,664