Heritage Oaks Bancorp (HEOP) news stock charts
Heritage Oaks Bancorp (HEOP) Investment Summary:
Heritage Oaks Bancorp (the "Company," “we” or “our”) is a California corporation organized in 1994 to act as the holding company of Heritage Oaks Bank (the “Bank"). In 1994, the Company acquired all of the outstanding common stock of the Bank in a holding company formation transaction. In October 2006, the Company formed Heritage Oaks Capital Trust II (the “Trust II”). Trust II is a statutory business trust formed under the laws of the State of Delaware and is a wholly-owned, non-financial, non-consolidated subsidiary of the Company. On April 23, 2007, the Company redeemed all of the Floating Rate Junior Subordinated Debt Securities it held associated with Heritage Oaks Capital Trust I, a wholly owned subsidiary of Heritage Oaks Bancorp. The redemption price was 100% of the principal amount redeemed plus accrued and unpaid interest as of the redemption date. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f03%2f0001144204-08-012767.html#FIS_BUSINESS"HERITAGE OAKS BANCORP (HEOP:NASDAQ)
Snapshot of HERITAGE OAKS BANCORP (HEOP)
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OPEN
$3.69
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PREVIOUS CLOSE
$3.60
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DAY HIGH
$3.75
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DAY LOW
$3.55
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52 WEEK HIGH
05/5/09 - $7.68
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52 WEEK LOW
03/11/10 - $3.30
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MARKET CAP
27.5M
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AVERAGE VOLUME 10 D
14.1K
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EPS TTM
$-0.78
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SHARES OUTSTANDING
7.8M
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EX-DATE
04/24/08
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P/E TTM
--
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DIVIDEND
--
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DIVIDEND YIELD
0.00%
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| K = Thousands M = Millions B = Billions | ||
Key developments for HERITAGE OAKS BANCORP (HEOP)
Heritage Oaks Bancorp, Special/Extraordinary Shareholders Meeting, Sep 30, 2010 Agenda: To consider capital raise, through a private placement in two separate closings, 56,160 shares of Series B Mandatorily Convertible Adjustable Cumulative Perpetual Preferred Stock (Series B Preferred Stock) at a price of $1,000 per share (Series B Share Price) and 1,189,538 shares of Series C Convertible Perpetual Preferred Stock (Series C Preferred Stock) at a price of $3.25 per share (Series C Share Price).
Heritage Oaks Bancorp reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2009. For the quarter, the company reported net loss available to common shareholders of $2 million or $0.25 per diluted share on total interest income of $13.6 million compared to net loss available to common shareholders of $1.3 million or $0.16 per diluted share on total interest income of $12.2 million for the same period of last year. Net interest income after provision for loan losses was $4.4 million compared to $3.4 million for the same period of last year. Loss before provision for income taxes was $3 million compared to $2.4 million for the same period of last year. Loss on average equity was 7.20% compared to 6.93% for the same period of last year. Loss on average assets was 0.67% compared to 0.63% for the same period of last year. Total revenue was approximately $15.0 million this represents an increase of $1.6 million when compared to the same periods ended in 2008. For the year, the company reported net loss available to common shareholders of $6.2 million or $0.81 per diluted share on total interest income of $49.6 million compared to net income available to common shareholders of $1.7 million or $0.21 per diluted share on total interest income of $50.2 million for the same period of last year. Net interest income after provision for loan losses was $18.5 million compared to $25.4 million for the same period of last year. Loss before provision for income taxes was $9.8 million compared to income before provision for income taxes of $2.1 million for the same period of last year. Loss on average equity was 6.03% compared to return on average equity of 2.29% for the same period of last year. Loss on average assets was 0.59% compared to return on average assets of 0.21% for the same period of last year. Total revenue was approximately $55.8 million. This represents decline of $0.5 million for the year when compared to the same periods ended in 2008. The company recorded net impairment losses on investment securities was $0.4 million for the fourth quarter of 2009.
Heritage Oaks Bancorp Presents at 2010 West Coast Financial Services Conference, Mar-02-2010. Venue: The Ritz-Carlton, Marina del Rey, Los Angeles, California, United States.
Heritage Oaks Bancorp financial resources
HEOP Competitors
| Company | Last | Change |
| Bank of Commerce Holdings | $5.12 USD | -0.17 |
| First California Financial Group Inc | $2.68 USD | -0.08 |
| First Northern Community Bancorp | $4.90 USD | 0.00 |
| Heritage Commerce Corp | $4.48 USD | +0.28 |
| North Valley Bancorp | $1.91 USD | +0.02 |
| Market data is delayed at least 15 minutes. | ||
Industry Analysis
| Valuation | HEOP | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 1.1x |
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| Price/Book | 0.4x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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HEOP |
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HEOP transactions
| Type Date |
Target |
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Private Placement
March 10, 2010 |
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More Recent Financial News About Heritage Oaks Bancorp
Heritage Oaks Bancorp to Raise $60 Million Through Private Placement
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HERITAGE OAKS BANCORP Files SEC form 8-K, Unregistered Sale of Equity Securities, Material Modification to Rights of
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Heritage Oaks Bancorp Closes Private Placement
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Heritage Oaks Bancorp Closes Private Placement
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Heritage Oaks Bancorp to Raise $60 Million Through Private Placement
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HERITAGE OAKS BANCORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Unregistered Sale of Equity Sec
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HERITAGE OAKS BANCORP Files SEC form 8-K, Entry into a Material Definitive Agreement
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Heritage Oaks Bancorp Reports Third Quarter 2009 Financial Results
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Heritage Oaks Bancorp Reports Fourth Quarter 2009 Financial Results
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Heritage Oaks Bancorp Reports Fourth Quarter 2009 Financial Results
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HERITAGE OAKS BANCORP Files SEC form 8-K, Results of Operations and Financial Condition
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Heritage Oaks Bancorp Reports Fourth Quarter 2009 Financial Results
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HERITAGE OAKS BANCORP Files SEC form 8-K, Change in Directors or Principal Officers
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HERITAGE OAKS BANCORP Files SEC form 8-K, Change in Directors or Principal Officers
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Ron Oliveira Joins Heritage Oaks Bancorp as EVP Chief Operating Officer/Chief Credit Officer
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HERITAGE OAKS BANCORP Files SEC form 10-Q, Quarterly Report
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HERITAGE OAKS BANCORP Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
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Heritage Oaks Bancorp to Present At KBW Community Bank Investor Conference
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HERITAGE OAKS BANCORP Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhibit
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Heritage Oaks Bancorp Reports Third Quarter 2009 Financial Results
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