Heritage Oaks Bancorp (HEOP) is Initiated by Hovde Group to Market Perform, Price Target at $8.50

Heritage Oaks Bancorp (HEOP) was Initiated by Hovde Group to “Market Perform” and the brokerage firm has set the Price Target at $8.50. Hovde Group advised their investors in a research report released on Aug 19, 2016.

Heritage Oaks Bancorp closed down -0.2 points or -2.42% at $8.05 with 12,921 shares getting traded on Wednesday. Post opening the session at $8.12, the shares hit an intraday low of $8 and an intraday high of $8.14 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Aug 8, 2016, Alexander Simas (director) purchased 6,500 shares at $8.31 per share price. According to the SEC, on Jun 20, 2016, Mark C Fugate (director) purchased 1,000 shares at $7.63 per share price. On Dec 18, 2015, Donald H Campbell (director) sold 5,320 shares at $8.03 per share price, according to the Form-4 filing with the securities and exchange commission.

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. The Bank offers its products and services through 12 retail branches located on the Central Coast of California in San Luis Obispo and Santa Barbara Counties and through other direct channels. 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.

Heritage Oaks Bancorp

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