Heritage Oaks Bancorp (NASDAQ:heop) announced a quarterly dividend on Friday, October 28th. Stockholders of record on Tuesday, November 15th will be given a dividend of 0.06 per share on Wednesday, November 30th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend is Thursday, November 10th.
Shares of Heritage Oaks Bancorp (NASDAQ:HEOP) opened at 7.96 on Monday. The stock’s 50 day moving average price is $8.12 and its 200-day moving average price is $8.10. The company has a market capitalization of $270.67 million, a PE ratio of 17.30 and a beta of 0.72. Heritage Oaks Bancorp has a 1-year low of $6.95 and a 1-year high of $9.17.
Heritage Oaks Bancorp (NASDAQ:HEOP) last posted its quarterly earnings data on Monday, August 1st. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. Heritage Oaks Bancorp had a return on equity of 7.57% and a net margin of 19.51%. On average, equities analysts predict that Heritage Oaks Bancorp will post $0.48 EPS for the current year.
In related news, Director Alexander Simas bought 6,500 shares of the business’s stock in a transaction dated Thursday, August 4th. The shares were 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 in the company, valued at approximately $577,688.65. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 31.32% of the stock is owned by insiders.
Large investors have recently added to or reduced their stakes in the company. Bridgeway Capital Management Inc. bought a new stake in Heritage Oaks Bancorp during the second quarter worth approximately $2,123,000. Barclays PLC bought a new stake in Heritage Oaks Bancorp during the second quarter worth approximately $118,000. State Street Corp boosted its stake in Heritage Oaks Bancorp by 5.2% in the second quarter. State Street Corp now owns 345,833 shares of the company’s stock worth $2,746,000 after buying an additional 17,018 shares in the last quarter. Teachers Advisors Inc. boosted its stake in 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, American International Group Inc. boosted its stake in 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. 62.14% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have issued reports on the company. FIG Partners upgraded Heritage Oaks Bancorp from a “market perform” rating to an “outperform” rating in a report on Friday. Zacks Investment Research upgraded Heritage Oaks Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, October 11th. Finally, Hovde Group assumed coverage on Heritage Oaks Bancorp in a report on Friday, August 19th. They issued a “market perform” rating and a $8.50 price objective for the company.
Heritage Oaks Bancorp Company Profile