Heritage Commerce Corp (NASDAQ:HTBK) Director Komas Julianne M. Biagini sold 3,650 shares of the business’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $13.65, for a total transaction of $49,822.50. Following the sale, the director now owns 25,696 shares in the company, valued at $350,750.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Heritage Commerce Corp (HTBK) traded up 0.15% during mid-day trading on Friday, reaching $13.42. 3,477 shares of the company’s stock were exchanged. The stock has a market cap of $511.70 million, a price-to-earnings ratio of 18.41 and a beta of 0.52. The stock has a 50 day moving average price of $13.68 and a 200 day moving average price of $13.84. Heritage Commerce Corp has a 52 week low of $10.23 and a 52 week high of $14.87.

Heritage Commerce Corp (NASDAQ:HTBK) last announced its earnings results on Thursday, July 27th. The financial services provider reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. The business had revenue of $27.23 million for the quarter, compared to the consensus estimate of $27.90 million. Heritage Commerce Corp had a return on equity of 10.61% and a net margin of 25.75%. Equities research analysts predict that Heritage Commerce Corp will post $0.78 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, August 24th. Investors of record on Thursday, August 10th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $0.40 annualized dividend and a dividend yield of 2.99%. Heritage Commerce Corp’s payout ratio is currently 54.79%.

COPYRIGHT VIOLATION WARNING: This article was reported by Watch List News and is the sole property of of Watch List News. If you are viewing this article on another domain, it was copied illegally and reposted in violation of international copyright and trademark law. The correct version of this article can be accessed at https://www.watchlistnews.com/heritage-commerce-corp-htbk-director-sells-49822-50-in-stock/1536081.html.

Several large investors have recently made changes to their positions in the stock. Legal & General Group Plc increased its stake in shares of Heritage Commerce Corp by 20.4% in the second quarter. Legal & General Group Plc now owns 7,903 shares of the financial services provider’s stock valued at $109,000 after buying an additional 1,339 shares during the last quarter. IFP Advisors Inc bought a new stake in shares of Heritage Commerce Corp during the second quarter valued at approximately $132,000. Two Sigma Securities LLC bought a new stake in shares of Heritage Commerce Corp during the first quarter valued at approximately $150,000. Principal Financial Group Inc. bought a new stake in shares of Heritage Commerce Corp during the second quarter valued at approximately $175,000. Finally, Voya Investment Management LLC bought a new stake in shares of Heritage Commerce Corp during the second quarter valued at approximately $189,000. Institutional investors and hedge funds own 69.47% of the company’s stock.

A number of analysts have issued reports on HTBK shares. Zacks Investment Research lowered shares of Heritage Commerce Corp from a “hold” rating to a “sell” rating in a research note on Monday, July 3rd. ValuEngine upgraded shares of Heritage Commerce Corp from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. Brean Capital set a $16.00 price target on shares of Heritage Commerce Corp and gave the stock a “buy” rating in a research note on Friday, July 28th. Finally, BidaskClub lowered shares of Heritage Commerce Corp from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Heritage Commerce Corp has an average rating of “Hold” and a consensus price target of $15.50.

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.

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

Receive News & 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 companies with Analyst Ratings Network's FREE daily email newsletter.