Heritage Commerce Corp. (NASDAQ:HTBK) Director John M. Eggemeyer III sold 49,962 shares of the firm’s stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $12.01, for a total value of $600,043.62. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of Heritage Commerce Corp. (NASDAQ:HTBK) traded up 0.49% on Friday, reaching $12.21. The company had a trading volume of 83,076 shares. The firm has a market cap of $463.08 million, a P/E ratio of 18.76 and a beta of 0.64. Heritage Commerce Corp. has a one year low of $8.84 and a one year high of $12.40. The company has a 50-day moving average price of $11.06 and a 200-day moving average price of $10.91.

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

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 22nd. Investors of record on Tuesday, November 8th will be given a dividend of $0.09 per share. The ex-dividend date is Friday, November 4th. This represents a $0.36 annualized dividend and a dividend yield of 2.97%. Heritage Commerce Corp.’s dividend payout ratio (DPR) is presently 55.39%.

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

Several institutional investors have recently bought and sold shares of HTBK. Parametric Portfolio Associates LLC increased its position in 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. Bank of Montreal Can bought a new position in Heritage Commerce Corp. during the second quarter valued at approximately $130,000. BlackRock Advisors LLC increased its position in 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. CAPROCK Group Inc. bought a new position in Heritage Commerce Corp. during the second quarter valued at approximately $151,000. Finally, American International Group Inc. increased its position in Heritage Commerce Corp. by 22.0% in the second quarter. American International Group Inc. now owns 15,017 shares of the financial services provider’s stock valued at $158,000 after buying an additional 2,704 shares during the period. Institutional investors and hedge funds own 53.70% of the company’s stock.

About Heritage Commerce Corp.

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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