The stock of Heritage Oaks Bancorp (NASDAQ:HEOP) hit a new 52-week high and has $19.37 target or 115.00% above today’s $9.01 share price. The 9 months bullish chart indicates low risk for the $330.72M company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $19.37 price target is reached, the company will be worth $380.33 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 99,940 shares traded hands or 137.67% up from the average. Heritage Oaks Bancorp (NASDAQ:HEOP) has risen 14.66% since April 11, 2016 and is uptrending. It has outperformed by 8.51% the S&P500.
Heritage Oaks Bancorp (NASDAQ:HEOP) Ratings Coverage
Out of 3 analysts covering Heritage Oaks Bancorp (NASDAQ:HEOP), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. Heritage Oaks Bancorp has been the topic of 3 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The rating was initiated by Hovde Group on Friday, August 19 with “Market Perform”. The rating was downgraded by Raymond James to “Market Perform” on Monday, November 9.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment decreased to 1.19 in Q2 2016. Its down 0.57, from 1.76 in 2016Q1. The ratio is negative, as 4 funds sold all Heritage Oaks Bancorp shares owned while 17 reduced positions. 5 funds bought stakes while 20 increased positions. They now own 21.47 million shares or 1.54% less from 21.81 million shares in 2016Q1.
Rhumbline Advisers last reported 27,437 shares in the company. Dimensional Fund Advsrs Limited Partnership last reported 0% of its portfolio in the stock. Manufacturers Life Com The accumulated 1.76 million shares or 0.02% of the stock. California State Teachers Retirement Sys accumulated 50,294 shares or 0% of the stock. The Missouri-based Stieven Capital Advsrs Ltd Partnership has invested 1.74% in Heritage Oaks Bancorp (NASDAQ:HEOP). Pnc Financial Group Incorporated accumulated 0% or 198 shares. Rmb Cap Limited Liability has 0.31% invested in the company for 744,976 shares. Blackrock Inv Ltd Liability last reported 0% of its portfolio in the stock. The Massachusetts-based Aureus Asset Ltd Liability has invested 0.31% in Heritage Oaks Bancorp (NASDAQ:HEOP). Maltese Capital Mgmt Ltd Liability Company accumulated 950,800 shares or 0.94% of the stock. Wellington Management Gru Llp has 1.21 million shares for 0% of their US portfolio. Phocas Financial Corp reported 1.09M shares or 0.63% of all its holdings. Fsi Group Limited Liability Corporation owns 164,500 shares or 0.8% of their US portfolio. The Texas-based Employees Retirement Of Texas has invested 0.02% in Heritage Oaks Bancorp (NASDAQ:HEOP). Schwab Charles Investment Management accumulated 0% or 27,600 shares.
Insider Transactions: Since August 4, 2016, the stock had 1 buy, and 1 insider sale for $29,735 net activity. Shares for $53,885 were bought by Simas Alexander on Thursday, August 4. Osterbauer Robert had sold 3,000 shares worth $24,150.
More recent Heritage Oaks Bancorp (NASDAQ:HEOP) news were published by: Globenewswire.com which released: “Heritage Oaks Bancorp Schedules Third Quarter Conference Call” on September 22, 2016. Also Nasdaq.com published the news titled: “Heritage Oaks Bancorp (HEOP) Ex-Dividend Date Scheduled for November 10, 2016” on November 09, 2016. Seekingalpha.com‘s news article titled: “Heritage Oaks Bancorp’s (HEOP) CEO Simone Lagomarsino on Q3 2016 Results …” with publication date: October 28, 2016 was also an interesting one.
HEOP Company Profile
Heritage Oaks Bancorp, incorporated on March 1, 1994, is the holding firm 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 clients who are predominately small to medium-sized businesses (SMBs) and individuals. The Bank offers its services and products through approximately 10 retail branches located on the Central Coast of California, in San Luis Obispo and Santa Barbara Counties and through other direct channels, including a loan production office in Ventura County. The Bank offers to its commercial clients commercial loans secured by real estate, other commercial loans and lines of credit, agricultural loans, construction financing, other real estate loans, and small business administration (SBA) loans. For consumers, the Bank offers residential mortgages equity lines of credit and other consumer loans.
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