Insider Buying: Heritage Oaks Bancorp Director Acquires 289 Shares of Stock (HEOP)
Heritage Oaks Bancorp (NASDAQ:HEOP) Director Mark C. Fugate bought 289 shares of the company’s stock in a transaction dated Thursday, August 7th. The shares were purchased at an average price of $6.91 per share, for a total transaction of $1,996.99. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Heritage Oaks Bancorp (NASDAQ:HEOP) traded up 0.29% during mid-day trading on Friday, hitting $6.96. 17,980 shares of the company’s stock traded hands. 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 $7.31 and a 200-day moving average of $7.65. The company has a market cap of $228.2 million and a price-to-earnings ratio of 38.56.
Heritage Oaks Bancorp (NASDAQ:HEOP) last announced its earnings results on Monday, July 28th. The company reported $0.09 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.09. Analysts expect that Heritage Oaks Bancorp will post $0.25 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 15th. Stockholders 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 1.72%. The ex-dividend date is Wednesday, August 27th.
Separately, analysts at Keefe, Bruyette & Woods cut their price target on shares of Heritage Oaks Bancorp from $9.00 to $8.50 in a research note on Thursday, July 31st.
Heritage Oaks Bancorp is a holding company for Heritage Oaks Bank (NASDAQ:HEOP).
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