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In recent transactions reported to the Securities and Exchange Commission, Susan Svensson, Executive Vice President and Chief Credit Officer of Heritage Commerce Corp (NASDAQ:HTBK), sold 1,602 shares of the company’s common stock. The shares were sold at an average price of $9.73 per share, totaling approximately $15,588. The regional bank, currently valued at $582 million, trades at a P/E ratio of 14.4x and offers a notable 5.5% dividend yield. According to InvestingPro analysis, the stock appears undervalued at current levels.
Additionally, on March 8, Svensson acquired 4,153 shares through the exercise of restricted stock units and received another 223 shares as a result of stock dividends. These acquisitions were at no cost, increasing her direct ownership to 12,376 shares before the sale. Notably, Heritage Commerce has maintained dividend payments for 13 consecutive years, with analysts maintaining a strong buy consensus on the stock.
These transactions offer insight into the trading activities of company insiders and may be of interest to investors tracking Heritage Commerce Corp’s stock performance. For deeper insights into HTBK’s valuation and additional financial metrics, explore InvestingPro, which offers exclusive analysis and more than 30 key financial indicators.
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