Heritage Commerce Corp. (HTBK) Sees Large Volume Increase
Heritage Commerce Corp. (NASDAQ:HTBK) shares saw an uptick in trading volume on Tuesday . 269,774 shares changed hands during 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 lowered shares of Heritage Commerce Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, August 3rd.
The stock has a market cap of $379.79 million and a PE ratio of 20.74. The stock has a 50-day moving average of $10.89 and a 200 day moving average of $10.32.
Heritage Commerce Corp. (NASDAQ:HTBK) last posted its earnings results on Friday, July 29th. The financial services provider reported $0.19 earnings per share for the quarter. On average, equities analysts predict that Heritage Commerce Corp. will post $0.74 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 24th. Stockholders of record on Tuesday, August 9th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date was Friday, August 5th.
In related news, 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 directly owns 496,125 shares in the company, valued at $5,174,583.75. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Komas Julianne M. Biagini sold 5,086 shares of the business’s stock in a transaction on Thursday, August 18th. The shares were 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 directly owns 30,615 shares in the company, valued at approximately $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.