What Did This CEO Just Do with Personal Shares of Heritage Commerce Corp (NASDAQ: HTBK)?

By Carrie Williams

Today, the President & CEO of Heritage Commerce Corp (NASDAQ: HTBK), Walter Theodore Kaczmarek, sold shares of HTBK for $196K.

This is Kaczmarek’s first Sell trade following 11 Buy transactions. Following Walter Theodore Kaczmarek’s last HTBK Sell transaction on May 05, 2016, the stock climbed by 3.9%.

Based on Heritage Commerce Corp’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $27.03 million and quarterly net profit of $7.22 million. In comparison, last year the company earned revenue of $25.73 million and had a net profit of $4.42 million. The company has a one year high of $14.70 and a one year low of $9.31. HTBK’s market cap is $527M and the company has a P/E ratio of 19.44.

The insider sentiment on Heritage Commerce Corp has been positive according to 53 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

Walter Theodore Kaczmarek’s trades have generated a 24.1% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Heritage Commerce Corp. is a bank holding company, which provides banking services through its subsidiary. It offers commercial banking services to small and medium-sized businesses and their owners, managers and employees. The company includes commercial, real estate, construction and land development, consumer and small business administration guaranteed loans. Heritage Commerce was founded by group of founders in 1997 and is headquartered in San Jose, CA.