Heritage Commerce Corp. (NASDAQ:HTBK) saw strong trading volume on Monday . 949,411 shares changed hands during mid-day trading, an increase of 444% from the previous session’s volume of 174,453 shares.The stock last traded at $11.79 and had previously closed at $11.90.

Separately, Zacks Investment Research cut 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 $10.98 and a 200 day moving average of $10.35. The stock has a market capitalization of $380.44 million and a PE ratio of 20.78.

Heritage Commerce Corp. (NASDAQ:HTBK) last released its quarterly earnings data on Friday, July 29th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter. On average, equities analysts anticipate that Heritage Commerce Corp. will post $0.74 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 24th. Stockholders of record on Tuesday, August 9th were given a dividend of $0.09 per share. The ex-dividend date was Friday, August 5th. This represents a $0.36 annualized dividend and a dividend yield of 3.06%.

In other news, Director Komas Julianne M. Biagini sold 5,086 shares of the business’s stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $11.45, for a total value of $58,234.70. Following the completion of the sale, the director now directly owns 30,615 shares of the company’s stock, valued at approximately $350,541.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director J Philip Dinapoli bought 5,000 shares of Heritage Commerce Corp. stock in a transaction dated Tuesday, August 2nd. The stock was purchased at an average cost of $10.43 per share, with a total value of $52,150.00. Following the completion of the acquisition, the director now directly owns 496,125 shares in the company, valued at approximately $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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