Heritage Commerce Corp. (HTBK) Shares Down 2.3%
Heritage Commerce Corp. (NASDAQ:HTBK) was down 2.3% during mid-day trading on Tuesday . The company traded as low as $11.50 and last traded at $11.51, with a volume of 73,483 shares. The stock had previously closed at $11.78.
Separately, Zacks Investment Research upgraded shares of Heritage Commerce Corp. from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research report on Tuesday, May 3rd.
The firm’s 50-day moving average price is $11.02 and its 200-day moving average price is $10.38. The firm has a market cap of $374.30 million and a price-to-earnings ratio of 20.44.
Heritage Commerce Corp. (NASDAQ:HTBK) last posted its quarterly earnings results on Friday, July 29th. The financial services provider reported $0.19 earnings per share for the quarter. Analysts forecast that Heritage Commerce Corp. will post $0.74 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 24th. Investors of record on Tuesday, August 9th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date was Friday, August 5th.
In related news, Director W Kirk Wycoff sold 80,000 shares of the business’s stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $11.86, for a total transaction of $948,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Komas Julianne M. Biagini sold 5,086 shares of the business’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $11.45, for a total transaction of $58,234.70. Following the sale, the director now directly owns 30,615 shares of the company’s stock, valued at $350,541.75. The disclosure for this sale 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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