Heritage Commerce Corp. (NASDAQ:HTBK) Director John M. Eggemeyer III sold 12,300 shares of the stock in a transaction on Friday, November 11th. The shares were sold at an average price of $12.33, for a total value of $151,659.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Heritage Commerce Corp. (NASDAQ:HTBK) opened at 11.96 on Wednesday. The stock’s 50 day moving average price is $11.00 and its 200-day moving average price is $10.89. The stock has a market capitalization of $453.59 million, a P/E ratio of 18.37 and a beta of 0.64. Heritage Commerce Corp. has a 1-year low of $8.84 and a 1-year high of $12.40.

Insider Buying and Selling by Quarter for Heritage Commerce Corp. (NASDAQ:HTBK)

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 22nd. Stockholders of record on Tuesday, November 8th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 3.01%. The ex-dividend date of this dividend is Friday, November 4th. Heritage Commerce Corp.’s dividend payout ratio (DPR) is presently 55.39%.

Institutional investors have recently modified their holdings of the stock. Prudential Financial Inc. raised its position in shares of Heritage Commerce Corp. by 0.3% in the second quarter. Prudential Financial Inc. now owns 39,818 shares of the financial services provider’s stock valued at $419,000 after buying an additional 100 shares during the period. Parametric Portfolio Associates LLC raised its position in shares of Heritage Commerce Corp. by 1.3% in the second quarter. Parametric Portfolio Associates LLC now owns 11,873 shares of the financial services provider’s stock valued at $125,000 after buying an additional 156 shares during the period. Victory Capital Management Inc. raised its position in shares of Heritage Commerce Corp. by 0.3% in the second quarter. Victory Capital Management Inc. now owns 63,430 shares of the financial services provider’s stock valued at $668,000 after buying an additional 205 shares during the period. Bridgeway Capital Management Inc. raised its position in shares of Heritage Commerce Corp. by 0.3% in the second quarter. Bridgeway Capital Management Inc. now owns 109,950 shares of the financial services provider’s stock valued at $1,158,000 after buying an additional 350 shares during the period. Finally, BlackRock Advisors LLC raised its position in shares of Heritage Commerce Corp. by 3.2% in the second quarter. BlackRock Advisors LLC now owns 12,800 shares of the financial services provider’s stock valued at $135,000 after buying an additional 396 shares during the period. 53.70% of the stock is currently owned by institutional investors and hedge funds.

Separately, Zacks Investment Research upgraded Heritage Commerce Corp. from a “sell” rating to a “hold” rating in a research report on Monday, October 3rd.

Heritage Commerce Corp. Company Profile

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.

5 Day Chart for NASDAQ:HTBK

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