Heritage Commerce Corp. (NASDAQ:HTBK) Director W Kirk Wycoff sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, November 28th. The stock was sold at an average price of $12.50, for a total transaction of $1,250,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

W Kirk Wycoff also recently made the following trade(s):

  • On Thursday, September 8th, W Kirk Wycoff sold 6,968 shares of Heritage Commerce Corp. stock. The stock was sold at an average price of $11.50, for a total transaction of $80,132.00.
  • On Wednesday, September 7th, W Kirk Wycoff sold 600 shares of Heritage Commerce Corp. stock. The stock was sold at an average price of $11.50, for a total transaction of $6,900.00.
  • On Tuesday, September 6th, W Kirk Wycoff sold 7,701 shares of Heritage Commerce Corp. stock. The stock was sold at an average price of $11.50, for a total transaction of $88,561.50.
  • On Friday, September 2nd, W Kirk Wycoff sold 21,138 shares of Heritage Commerce Corp. stock. The stock was sold at an average price of $11.50, for a total transaction of $243,087.00.
  • On Thursday, September 1st, W Kirk Wycoff sold 38,705 shares of Heritage Commerce Corp. stock. The stock was sold at an average price of $11.50, for a total transaction of $445,107.50.

Heritage Commerce Corp. (NASDAQ:HTBK) opened at 12.37 on Wednesday. The stock has a market cap of $469.14 million, a PE ratio of 19.00 and a beta of 0.64. The firm has a 50-day moving average of $11.34 and a 200-day moving average of $11.00. Heritage Commerce Corp. has a 1-year low of $8.84 and a 1-year high of $12.74.

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

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 22nd. Stockholders of record on Tuesday, November 8th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend was Friday, November 4th. Heritage Commerce Corp.’s payout ratio is presently 55.39%.

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

Several hedge funds have recently made changes to their positions in 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 worth $125,000 after buying an additional 156 shares during the last quarter. Bank of Montreal Can acquired a new position in Heritage Commerce Corp. during the second quarter worth about $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 worth $135,000 after buying an additional 396 shares during the last quarter. CAPROCK Group Inc. acquired a new position in Heritage Commerce Corp. during the second quarter worth about $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 worth $158,000 after buying an additional 2,704 shares during the last quarter. 67.30% of the stock is currently owned by hedge funds and other institutional investors.

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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