Heritage Commerce Corp. (NASDAQ:HTBK) Director Jack W. Conner sold 24,500 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $15.47, for a total value of $379,015.00. Following the sale, the director now directly owns 83,324 shares in the company, valued at $1,289,022.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Heritage Commerce Corp. (NASDAQ:HTBK) opened at $15.88 on Thursday. Heritage Commerce Corp. has a twelve month low of $12.76 and a twelve month high of $16.80. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.77 and a quick ratio of 0.76. The stock has a market capitalization of $599.75, a PE ratio of 19.63, a PEG ratio of 1.54 and a beta of 0.60.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 2.77%. This is a boost from Heritage Commerce’s previous quarterly dividend of $0.10. The ex-dividend date is Wednesday, February 7th. Heritage Commerce’s payout ratio is 70.97%.
A number of research firms have commented on HTBK. Brean Capital reissued a “buy” rating on shares of Heritage Commerce in a report on Tuesday, January 2nd. BidaskClub cut Heritage Commerce from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. ValuEngine cut Heritage Commerce from a “buy” rating to a “hold” rating in a report on Saturday, December 9th. Zacks Investment Research cut Heritage Commerce from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Finally, DA Davidson raised Heritage Commerce from a “neutral” rating to a “buy” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $17.25.
ILLEGAL ACTIVITY WARNING: “Heritage Commerce Corp. (HTBK) Director Sells $379,015.00 in Stock” was originally posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this report on another site, it was stolen and republished in violation of United States & international copyright legislation. The legal version of this report can be viewed at https://www.chaffeybreeze.com/2018/02/15/heritage-commerce-corp-htbk-director-sells-379015-00-in-stock.html.
About Heritage Commerce
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.
Receive News & Ratings for Heritage Commerce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heritage Commerce and related companies with MarketBeat.com's FREE daily email newsletter.