Mendon Capital Advisors Corp purchased a new position in shares of Heritage Oaks Bancorp (NASDAQ:HEOP) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 507,720 shares of the bank’s stock, valued at approximately $6,778,000.
Other hedge funds have also bought and sold shares of the company. Parkwood LLC bought a new position in Heritage Oaks Bancorp during the first quarter worth about $144,000. Spark Investment Management LLC bought a new position in Heritage Oaks Bancorp during the first quarter worth about $149,000. Capstone Investment Advisors LLC acquired a new stake in shares of Heritage Oaks Bancorp during the fourth quarter worth $186,000. Trexquant Investment LP acquired a new stake in shares of Heritage Oaks Bancorp during the fourth quarter worth $187,000. Finally, Guggenheim Capital LLC acquired a new stake in shares of Heritage Oaks Bancorp during the fourth quarter worth $189,000. Institutional investors own 63.07% of the company’s stock.
Shares of Heritage Oaks Bancorp (HEOP) remained flat at $13.35 during midday trading on Monday. Heritage Oaks Bancorp has a 52 week low of $7.50 and a 52 week high of $14.44. The stock’s 50 day moving average is $13.49 and its 200-day moving average is $11.02.
Separately, Zacks Investment Research raised Heritage Oaks Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, March 29th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Heritage Oaks Bancorp currently has a consensus rating of “Hold” and an average target price 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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