Heritage Commerce Corp. (NASDAQ:HTBK) saw unusually-high trading volume on Tuesday . Approximately 269,774 shares traded hands during mid-day trading, an increase of 244% from the previous session’s volume of 78,386 shares.The stock last traded at $11.51 and had previously closed at $11.59.

Separately, Zacks Investment Research upgraded Heritage Commerce Corp. from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a report on Tuesday, May 3rd.

The firm has a market capitalization of $373.98 million and a P/E ratio of 20.42. The stock’s 50-day moving average price is $10.85 and its 200-day moving average price is $10.31.

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 24th. Investors of record on Tuesday, August 9th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Friday, August 5th. This represents a $0.36 annualized dividend and a dividend yield of 3.11%.

In other Heritage Commerce Corp. news, Director Komas Julianne M. Biagini sold 2,500 shares of the firm’s stock in a transaction on Wednesday, May 25th. The stock was 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 of the company’s stock, valued at $329,111.25. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director J Philip Dinapoli bought 5,000 shares of the business’s stock in a transaction on Tuesday, August 2nd. The shares were acquired at an average cost of $10.43 per share, with a total value of $52,150.00. Following the purchase, the director now 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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