The stock of Heritage Oaks Bancorp (NASDAQ:HEOP) is a huge mover today! The stock increased 3.49% or $0.35 during the last trading session, hitting $10.39. About 55,333 shares traded hands. Heritage Oaks Bancorp (NASDAQ:HEOP) has risen 25.66% since April 22, 2016 and is uptrending. It has outperformed by 20.25% the S&P500.
The move comes after 7 months positive chart setup for the $357.70 million company. It was reported on Nov, 25 by Barchart.com. We have $11.22 PT which if reached, will make NASDAQ:HEOP worth $28.62 million more.
Analysts await Heritage Oaks Bancorp (NASDAQ:HEOP) to report earnings on February, 6. They expect $0.13 earnings per share, up 30.00% or $0.03 from last year’s $0.1 per share. HEOP’s profit will be $4.48M for 19.98 P/E if the $0.13 EPS becomes a reality. After $0.12 actual earnings per share reported by Heritage Oaks Bancorp for the previous quarter, Wall Street now forecasts 8.33% EPS growth.
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 downgraded by Raymond James on Monday, November 9 to “Market Perform”. The stock has “Market Perform” rating given by Hovde Group on Friday, August 19.
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 increased to 1.67 in 2016 Q2. Its up 0.48, from 1.19 in 2016Q1. The ratio is positive, 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.
Mendon Capital Advisors last reported 0.04% of its portfolio in the stock. Bancorporation Of Ny Mellon holds 0% or 97,966 shares in its portfolio. Blackrock Institutional Na has invested 0% of its portfolio in Heritage Oaks Bancorp (NASDAQ:HEOP). Blackrock Advsr Ltd Llc reported 6,937 shares or 0% of all its holdings. Northern reported 240,125 shares or 0% of all its holdings. Hutchin Hill Lp last reported 0.05% of its portfolio in the stock. Wellington Mgmt Gp Limited Liability Partnership accumulated 0% or 1.21M shares. Teachers Advsr Inc last reported 0% of its portfolio in the stock. Wells Fargo Mn has 12,306 shares for 0% of their US portfolio. Blackrock Inv Mgmt Limited Com has invested 0% of its portfolio in Heritage Oaks Bancorp (NASDAQ:HEOP). State Street Corporation has 0% invested in the company for 345,833 shares. Phocas Fin has invested 0.63% of its portfolio in Heritage Oaks Bancorp (NASDAQ:HEOP). Nationwide Fund Advsrs owns 16,415 shares or 0% of their US portfolio. Brandywine Glob Investment Mngmt Limited Liability owns 10,090 shares or 0% of their US portfolio. Schwab Charles Investment Mngmt has 27,600 shares for 0% of their US portfolio.
Insider Transactions: Since August 4, 2016, the stock had 1 buying transaction, and 1 sale for $29,735 net activity. Simas Alexander had bought 6,500 shares worth $53,885 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 Globenewswire.com published the news titled: “Heritage Oaks Bancorp Announces Amendment to Share Repurchase Program” on July 22, 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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