Heritage Commerce Corp. (HTBK) Sees Large Volume Increase
Heritage Commerce Corp. (NASDAQ:HTBK) saw an uptick in trading volume on Wednesday . 71,044 shares traded hands during mid-day trading, an increase of 36% from the previous session’s volume of 52,180 shares.The stock last traded at $11.29 and had previously closed at $11.25.
Separately, Zacks Investment Research lowered Heritage Commerce Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, August 3rd.
The stock has a 50 day moving average of $10.77 and a 200 day moving average of $10.25. The stock has a market capitalization of $371.72 million and a price-to-earnings ratio of 20.30.
Heritage Commerce Corp. (NASDAQ:HTBK) last announced its earnings results on Friday, July 29th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter. On average, equities research analysts expect that Heritage Commerce Corp. will post $0.74 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 24th. Stockholders of record on Tuesday, August 9th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 3.14%. The ex-dividend date of this dividend is Friday, August 5th.
In other news, Director Komas Julianne M. Biagini sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, May 25th. The stock was sold at an average price of $10.75, for a total value of $26,875.00. Following the transaction, the director now owns 30,615 shares of the company’s stock, valued at $329,111.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director J Philip Dinapoli acquired 5,000 shares of the firm’s stock in a transaction dated Tuesday, August 2nd. The stock was bought at an average cost of $10.43 per share, for a total transaction of $52,150.00. Following the purchase, the director now directly owns 496,125 shares of the company’s stock, valued at $5,174,583.75. The disclosure for this purchase can be found here.
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.
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