Insider Selling: Joanne Funari Sells 1,310 Shares of Heritage Oaks Bancorp Stock (HEOP)
Heritage Oaks Bancorp (NASDAQ:HEOP) EVP Joanne Funari unloaded 1,310 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $6.33, for a total value of $8,292.30. Following the transaction, the executive vice president now directly owns 61,699 shares in the company. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on HEOP shares. Analysts at Sandler O’Neill raised their price target on shares of Heritage Oaks Bancorp (NASDAQ:HEOP) from $6.50 to $7.50 in a research note to investors on Thursday, August 1st. They now have a “buy” rating on the stock. Separately, analysts at Raymond James upgraded shares of Heritage Oaks Bancorp (NASDAQ:HEOP) from a “market perform” rating to an “outperform” rating in a research note to investors on Wednesday, July 31st. They now have a $7.50 price target on the stock. Finally, analysts at FIG Partners upgraded shares of Heritage Oaks Bancorp (NASDAQ:HEOP) to an “outperform” rating in a research note to investors on Tuesday, July 30th.
Shares of Heritage Oaks Bancorp (NASDAQ:HEOP) traded down 1.25% during mid-day trading on Friday, hitting $6.32. 11,209 shares of the company’s stock traded hands. Heritage Oaks Bancorp has a one year low of $5.15 and a one year high of $7.00. The stock’s 50-day moving average is $6.47 and its 200-day moving average is $6.00. The company has a market cap of $158.9 million and a price-to-earnings ratio of 11.45.
Heritage Oaks Bancorp (NASDAQ:HEOP) last posted its quarterly earnings results on Monday, July 29th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. The company had revenue of $10.10 million for the quarter, compared to the consensus estimate of $12.58 million.
Heritage Oaks Bancorp is a holding company for Heritage Oaks Bank (NASDAQ:HEOP).
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