Heritage Commerce Corp. (NASDAQ:HTBK) dropped 2.3% during trading on Tuesday . The stock traded as low as $11.50 and last traded at $11.51, with a volume of 73,483 shares changing hands. The stock had previously closed at $11.78.

Separately, Zacks Investment Research raised shares of Heritage Commerce Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday.

The company’s 50 day moving average is $11.08 and its 200 day moving average is $10.41. The stock has a market capitalization of $368.81 million and a PE ratio of 20.14.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 24th. Investors of record on Tuesday, August 9th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 3.13%. The ex-dividend date was Friday, August 5th.

In other Heritage Commerce Corp. news, Director Komas Julianne M. Biagini sold 5,086 shares of the company’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 value of $58,234.70. Following the completion of the sale, the director now owns 30,615 shares of the company’s stock, valued at $350,541.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John M. Eggemeyer III sold 2,975 shares of the company’s stock in a transaction that occurred on Tuesday, August 30th. The stock was sold at an average price of $11.85, for a total value of $35,253.75. 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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