Heritage Commerce Corp. (NASDAQ:HTBK) Director John M. Eggemeyer III sold 124,088 shares of the stock in a transaction on Monday, November 21st. The stock was sold at an average price of $12.53, for a total transaction of $1,554,822.64. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Heritage Commerce Corp. (NASDAQ:HTBK) traded down 0.24% during mid-day trading on Tuesday, reaching $12.46. 958,040 shares of the company were exchanged. Heritage Commerce Corp. has a one year low of $8.84 and a one year high of $12.74. The company has a market capitalization of $472.56 million, a PE ratio of 19.14 and a beta of 0.64. The stock has a 50-day moving average price of $11.14 and a 200 day moving average price of $10.94.

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

The business also recently declared 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 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend is Friday, November 4th. Heritage Commerce Corp.’s dividend payout ratio (DPR) is currently 55.39%.

A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Advisors LLC boosted its stake 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 worth $135,000 after buying an additional 396 shares during the period. Prudential Financial Inc. boosted its stake 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 worth $419,000 after buying an additional 100 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Heritage Commerce Corp. by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,049,832 shares of the financial services provider’s stock worth $11,054,000 after buying an additional 6,608 shares during the period. JCSD Capital LLC boosted its stake in shares of Heritage Commerce Corp. by 2.2% in the second quarter. JCSD Capital LLC now owns 377,210 shares of the financial services provider’s stock worth $3,972,000 after buying an additional 8,210 shares during the period. Finally, Victory Capital Management Inc. boosted its stake 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 worth $668,000 after buying an additional 205 shares during the period. Institutional investors and hedge funds own 58.08% of the company’s stock.

Separately, Zacks Investment Research lowered shares of Heritage Commerce Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, August 3rd.

ILLEGAL ACTIVITY WARNING: “Heritage Commerce Corp. (HTBK) Director Sells $1,554,822.64 in Stock” was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this article on another website, it was stolen and republished in violation of United States & international trademark & copyright laws. The original version of this article can be viewed at https://www.thecerbatgem.com/2016/11/22/heritage-commerce-corp-htbk-director-sells-1554822-64-in-stock.html.

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

Receive News & Stock Ratings for Heritage Commerce Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heritage Commerce Corp. and related stocks with our FREE daily email newsletter.