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SAN JOSE, Calif.— Heritage Commerce Corp (NASDAQ:HTBK) Director Jack Conner recently sold 4,000 shares of the company’s common stock at a price of $10.52 per share, totaling $42,080. The regional bank, currently valued at $646 million, has shown strong momentum with a 15% gain year-to-date. According to InvestingPro analysis, the stock appears undervalued at current levels. Following this transaction, Conner holds 108,512 shares directly. Additionally, he retains indirect ownership of 44,344 shares through his spouse and 9,020 shares via a trust. These transactions were reported in a filing with the Securities and Exchange Commission. The company maintains a notable track record of 13 consecutive years of dividend payments, currently offering a 4.9% yield. InvestingPro subscribers can access additional insights, including 5 more exclusive ProTips about HTBK’s financial outlook.
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