Nationwide Fund Advisors decreased its position in shares of Heritage Oaks Bancorp (NASDAQ:HEOP) by 5.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,645 shares of the bank’s stock after selling 1,029 shares during the period. Nationwide Fund Advisors’ holdings in Heritage Oaks Bancorp were worth $236,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HEOP. Renaissance Technologies LLC raised its position in shares of Heritage Oaks Bancorp by 179.0% in the fourth quarter. Renaissance Technologies LLC now owns 276,500 shares of the bank’s stock worth $3,409,000 after buying an additional 177,400 shares during the period. FMR LLC acquired a new position in shares of Heritage Oaks Bancorp during the fourth quarter worth about $1,935,000. Chicago Capital Management LLC raised its position in shares of Heritage Oaks Bancorp by 1,060.9% in the first quarter. Chicago Capital Management LLC now owns 48,548 shares of the bank’s stock worth $650,000 after buying an additional 44,366 shares during the period. Russell Investments Group Ltd. purchased a new stake in Heritage Oaks Bancorp during the fourth quarter worth approximately $307,000. Finally, Dimensional Fund Advisors LP increased its stake in Heritage Oaks Bancorp by 19.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 150,140 shares of the bank’s stock worth $1,851,000 after buying an additional 23,982 shares in the last quarter. Institutional investors and hedge funds own 63.07% of the company’s stock.
Separately, Zacks Investment Research raised Heritage Oaks Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, March 29th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $11.63.
About Heritage Oaks Bancorp
Heritage Oaks Bancorp is a bank holding company for Heritage Oaks Bank (the Bank). The Bank is a community-oriented financial services company that provides banking products and services to small and medium sized businesses and consumers. As of December 31, 2016, its products and services were offered primarily through 12 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.
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