According to Zacks, “Heritage Oaks Bancorp acts as a bank holding company of Heritage Oaks Bank. Other than holding the shares of the Bank, the Company conducts no significant activities, although it is authorized, with the prior approval of the Board of Governors of the Federal Reserve System, to engage in a variety of activities that are deemed closely related to the business of banking. The Bank offers traditional banking products, such as checking, savings and certificates of deposit, as well as mortgage loans and commercial and consumer loans. “
Separately, Hovde Group started coverage on shares of Heritage Oaks Bancorp in a research note on Friday, August 19th. They issued a market perform rating and a $8.50 target price on the stock.
Heritage Oaks Bancorp (NASDAQ:HEOP) traded up 0.25% on Tuesday, reaching $8.08. The company’s stock had a trading volume of 170 shares. The stock has a market capitalization of $274.75 million, a P/E ratio of 17.57 and a beta of 0.72. Heritage Oaks Bancorp has a 52 week low of $6.95 and a 52 week high of $9.25. The firm has a 50 day moving average price of $8.13 and a 200 day moving average price of $8.07.
Heritage Oaks Bancorp (NASDAQ:HEOP) last issued its earnings results on Monday, August 1st. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. Heritage Oaks Bancorp had a net margin of 19.59% and a return on equity of 7.52%. On average, equities analysts anticipate that Heritage Oaks Bancorp will post $0.48 EPS for the current year.
In other Heritage Oaks Bancorp news, Director Alexander Simas acquired 6,500 shares of the stock in a transaction that occurred on Thursday, August 4th. The stock was acquired at an average price of $8.29 per share, with a total value of $53,885.00. Following the transaction, the director now directly owns 69,685 shares in the company, valued at $577,688.65. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 31.32% of the company’s stock.
Several large investors have recently made changes to their positions in HEOP. American International Group Inc. increased its stake in shares of Heritage Oaks Bancorp by 0.5% in the second quarter. American International Group Inc. now owns 13,807 shares of the company’s stock worth $110,000 after buying an additional 67 shares in the last quarter. Barclays PLC acquired a new stake in shares of Heritage Oaks Bancorp during the second quarter worth $118,000. Nationwide Fund Advisors increased its stake in shares of Heritage Oaks Bancorp by 6.8% in the second quarter. Nationwide Fund Advisors now owns 16,415 shares of the company’s stock worth $130,000 after buying an additional 1,041 shares in the last quarter. Teachers Advisors Inc. increased its stake in shares of Heritage Oaks Bancorp by 12.9% in the second quarter. Teachers Advisors Inc. now owns 35,843 shares of the company’s stock worth $285,000 after buying an additional 4,105 shares in the last quarter. Finally, California State Teachers Retirement System increased its stake in shares of Heritage Oaks Bancorp by 1.2% in the second quarter. California State Teachers Retirement System now owns 50,294 shares of the company’s stock worth $399,000 after buying an additional 587 shares in the last quarter. 62.85% of the stock is owned by institutional investors and hedge funds.
Heritage Oaks Bancorp Company Profile
Heritage Oaks Bancorp is the holding company for Heritage Oaks Bank (the Bank). The Bank offers traditional banking products, such as checking, savings, money market account and certificates of deposit, as well as mortgage loans and commercial and consumer loans to customers who are predominately small to medium-sized businesses (SMBs) and individuals.
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