Heritage Commerce Corp. (NASDAQ:HTBK) traded up 2.2% during mid-day trading on Wednesday . The stock traded as high as $11.91 and last traded at $11.84, with a volume of 110,668 shares trading hands. The stock had previously closed at $11.58.

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 firm has a market capitalization of $380.44 million and a PE ratio of 20.78. The firm has a 50 day moving average of $10.85 and a 200-day moving average of $10.31.

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

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 24th. Shareholders of record on Tuesday, August 9th will be given a dividend of $0.09 per share. 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 news, Director J Philip Dinapoli bought 5,000 shares of the company’s stock in a transaction on Tuesday, August 2nd. The shares were purchased at an average price of $10.43 per share, with a total value of $52,150.00. Following the transaction, the director now directly owns 496,125 shares in the company, valued at $5,174,583.75. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

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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