Heritage Commerce Corp. (NASDAQ:HTBK) shot up 2.2% during trading on Wednesday . The company 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 lowered Heritage Commerce Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, July 5th.

The firm’s 50-day moving average price is $10.93 and its 200 day moving average price is $10.33. The stock has a market cap of $382.37 million and a price-to-earnings ratio of 20.88.

Heritage Commerce Corp. (NASDAQ:HTBK) last issued its quarterly earnings data on Friday, July 29th. The financial services provider reported $0.19 earnings per share for the quarter. On average, equities research analysts anticipate 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 paid a $0.09 dividend. The ex-dividend date of this dividend was Friday, August 5th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.04%.

In related news, Director Komas Julianne M. Biagini sold 5,086 shares of the business’s stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $11.45, for a total transaction of $58,234.70. Following the completion of the transaction, the director now directly owns 30,615 shares of the company’s stock, valued at approximately $350,541.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director J Philip Dinapoli bought 5,000 shares of the stock in a transaction that occurred on Tuesday, August 2nd. The shares were bought at an average cost of $10.43 per share, with a total value of $52,150.00. Following the completion of the purchase, the director now directly 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.

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