Heritage Commerce Corp. (NASDAQ:HTBK) Director John M. Eggemeyer III sold 739,137 shares of the stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $12.14, for a total transaction of $8,973,123.18. The sale was disclosed in a document filed with the SEC, which is available at this link.

Heritage Commerce Corp. (NASDAQ:HTBK) remained flat at $12.59 during mid-day trading on Thursday. The company’s stock had a trading volume of 237,633 shares. The firm has a market capitalization of $477.49 million, a price-to-earnings ratio of 19.34 and a beta of 0.64. The stock’s 50-day moving average is $11.24 and its 200-day moving average is $10.97. Heritage Commerce Corp. has a 12 month low of $8.84 and a 12 month high of $12.74.

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

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 22nd. Stockholders of record on Tuesday, November 8th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, November 4th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.86%. Heritage Commerce Corp.’s dividend payout ratio is currently 55.39%.

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

Hedge funds have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD bought a new stake in shares of Heritage Commerce Corp. during the third quarter worth about $20,223,000. Credit Suisse AG raised its stake in shares of 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 period. Phocas Financial Corp. raised its stake in shares of 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 period. Penn Capital Management Co. Inc. raised its stake in shares of 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 period. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Heritage Commerce Corp. during the third quarter worth about $12,295,000. Institutional investors own 58.08% of the company’s stock.

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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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