Bank of New York Mellon Corp boosted its position in shares of Heritage Oaks Bancorp (NASDAQ:HEOP) by 7.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,966 shares of the company’s stock after buying an additional 6,831 shares during the period. Bank of New York Mellon Corp owned 0.29% of Heritage Oaks Bancorp worth $778,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Renaissance Technologies LLC raised its stake in Heritage Oaks Bancorp by 26.9% in the first quarter. Renaissance Technologies LLC now owns 81,200 shares of the company’s stock worth $633,000 after buying an additional 17,200 shares in the last quarter. Geode Capital Management LLC raised its stake in Heritage Oaks Bancorp by 3.3% in the first quarter. Geode Capital Management LLC now owns 152,194 shares of the company’s stock worth $1,185,000 after buying an additional 4,900 shares in the last quarter. Finally, Endeavour Capital Advisors Inc. purchased a new stake in Heritage Oaks Bancorp during the first quarter worth $3,069,000. Institutional investors and hedge funds own 62.85% of the company’s stock.
Shares of Heritage Oaks Bancorp (NASDAQ:HEOP) traded up 0.37% during mid-day trading on Wednesday, hitting $8.14. 815 shares of the stock were exchanged. The stock has a 50-day moving average price of $8.11 and a 200 day moving average price of $8.07. The firm has a market cap of $276.79 million, a price-to-earnings ratio of 17.70 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.
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 the Zacks’ consensus estimate 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 research analysts expect that Heritage Oaks Bancorp will post $0.48 earnings per share for the current year.
HEOP has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Heritage Oaks Bancorp from a “hold” rating to a “buy” rating and set a $9.25 price objective for the company in a research note on Friday, August 5th. Hovde Group initiated coverage on shares of Heritage Oaks Bancorp in a research note on Friday, August 19th. They set a “market perform” rating and a $8.50 price objective for the company.
In related news, Director Alexander Simas bought 6,500 shares of the stock in a transaction dated Thursday, August 4th. The stock was purchased at an average cost of $8.29 per share, with a total value of $53,885.00. Following the completion of the purchase, the director now owns 69,685 shares of the company’s stock, valued at $577,688.65. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 31.32% of the company’s stock.
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.
Want to see what other hedge funds are holding HEOP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Heritage Oaks Bancorp (NASDAQ:HEOP).
Receive News & Ratings for Heritage Oaks Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heritage Oaks Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.