Heritage Commerce Corp. (HTBK) Sees Large Volume Increase
Heritage Commerce Corp. (NASDAQ:HTBK) saw unusually-strong trading volume on Wednesday . Approximately 71,044 shares traded hands during 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 raised 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 note on Tuesday, May 3rd.
The firm has a 50-day moving average price of $10.73 and a 200-day moving average price of $10.24. The firm has a market cap of $365.90 million and a PE ratio of 19.98.
Heritage Commerce Corp. (NASDAQ:HTBK) last issued its quarterly earnings results on Friday, July 29th. The financial services provider reported $0.19 earnings per share for the quarter. Equities research analysts anticipate that Heritage Commerce Corp. will post $0.74 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 24th. Investors of record on Tuesday, August 9th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date of this dividend is Friday, August 5th.
In related news, Director Komas Julianne M. Biagini sold 2,500 shares of the stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $10.75, for a total transaction of $26,875.00. Following the completion of the sale, the director now owns 30,615 shares in the company, valued at approximately $329,111.25. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director J Philip Dinapoli purchased 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were acquired at an average price of $10.43 per share, with a total value of $52,150.00. Following the purchase, the director now owns 496,125 shares in the company, 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.