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Investment analysts at Keefe, Bruyette & Woods lowered their price target on shares of Heritage Oaks Bancorp (NASDAQ:HEOP) from $9.00 to $8.50 in a note issued to investors on Thursday. Keefe, Bruyette & Woods’ price target suggests a potential upside of 22.21% from the stock’s previous close.

Shares of Heritage Oaks Bancorp (NASDAQ:HEOP) traded down 2.59% during mid-day trading on Thursday, hitting $6.955. The stock had a trading volume of 127,221 shares. Heritage Oaks Bancorp has a 52 week low of $5.95 and a 52 week high of $8.48. The stock has a 50-day moving average of $7. and a 200-day moving average of $7.68. The company has a market cap of $236.2 million and a P/E ratio of 39.67.

Heritage Oaks Bancorp (NASDAQ:HEOP) last issued its quarterly earnings data on Monday, July 28th. The company reported $0.09 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.09. On average, analysts predict that Heritage Oaks Bancorp will post $0.25 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.73%. The ex-dividend date is Wednesday, August 27th.

Heritage Oaks Bancorp is a holding company for Heritage Oaks Bank (NASDAQ:HEOP).

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