Insider Buying: Heritage Oaks Bancorp Director Acquires 500 Shares of Stock (HEOP)
Heritage Oaks Bancorp (NASDAQ:HEOP) Director Mark C. Fugate bought 500 shares of Heritage Oaks Bancorp stock on the open market in a transaction dated Monday, August 11th. The stock was purchased at an average price of $6.87 per share, with a total value of $3,435.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Heritage Oaks Bancorp (NASDAQ:HEOP) traded up 2.07% during mid-day trading on Wednesday, hitting $6.91. The stock had a trading volume of 18,221 shares. Heritage Oaks Bancorp has a one year low of $5.95 and a one year high of $8.48. The stock has a 50-day moving average of $7.25 and a 200-day moving average of $7.64. The company has a market cap of $226.5 million and a price-to-earnings ratio of 37.61.
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 declared a quarterly dividend, which is scheduled for Monday, September 15th. Shareholders of record on Friday, August 29th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend 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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