Heritage Commerce Corp. (HTBK) Director Sells $12,226.20 in Stock
Heritage Commerce Corp. (NASDAQ:HTBK) Director John M. Eggemeyer III sold 994 shares of the firm’s stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $12.30, for a total transaction of $12,226.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of Heritage Commerce Corp. (NASDAQ:HTBK) traded down 0.41% on Friday, hitting $12.10. 66,305 shares of the stock traded hands. Heritage Commerce Corp. has a 52 week low of $8.84 and a 52 week high of $12.40. The stock has a market cap of $458.90 million, a price-to-earnings ratio of 18.59 and a beta of 0.64. The stock has a 50 day moving average price of $11.06 and a 200-day moving average price of $10.91.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 22nd. Investors of record on Tuesday, November 8th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend is Friday, November 4th. Heritage Commerce Corp.’s payout ratio is 55.39%.
Several institutional investors have recently bought and sold shares of HTBK. Price T Rowe Associates Inc. MD acquired a new position in Heritage Commerce Corp. during the third quarter worth about $20,223,000. Credit Suisse AG increased its position in Heritage Commerce Corp. by 48.8% in the third quarter. Credit Suisse AG now owns 18,591 shares of the financial services provider’s stock worth $203,000 after buying an additional 6,098 shares during the last quarter. Phocas Financial Corp. increased its position in Heritage Commerce Corp. by 6.5% in the third quarter. Phocas Financial Corp. now owns 537,464 shares of the financial services provider’s stock worth $5,880,000 after buying an additional 32,781 shares during the last quarter. Penn Capital Management Co. Inc. increased its position in Heritage Commerce Corp. by 9.3% in the third quarter. Penn Capital Management Co. Inc. now owns 185,551 shares of the financial services provider’s stock worth $2,030,000 after buying an additional 15,800 shares during the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Heritage Commerce Corp. during the third quarter valued at $12,295,000. 53.70% of the stock is currently owned by institutional investors.
Separately, Zacks Investment Research downgraded shares of Heritage Commerce Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, August 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.
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