Last $7.75 USD
Change Today +0.04 / 0.52%
Volume 18.1K
As of 8:10 PM 03/4/15 All times are local (Market data is delayed by at least 15 minutes).

heritage oaks bancorp (HEOP) Snapshot

Open
$7.66
Previous Close
$7.71
Day High
$7.86
Day Low
$7.66
52 Week High
01/20/15 - $8.92
52 Week Low
09/4/14 - $6.70
Market Cap
256.5M
Average Volume 10 Days
12.2K
EPS TTM
$0.49
Shares Outstanding
33.1M
EX-Date
02/11/15
P/E TM
16.0x
Dividend
$0.20
Dividend Yield
1.68%
Current Stock Chart for HERITAGE OAKS BANCORP (HEOP)

Related News

No related news articles were found.

heritage oaks bancorp (HEOP) Related Businessweek News

No Related Businessweek News Found

heritage oaks bancorp (HEOP) Details

Heritage Oaks Bancorp operates as the bank holding company for Heritage Oaks Bank that provides banking products and services to small and medium sized businesses, and consumers in California. The company accepts various deposit products, including personal and business checking and savings accounts, time deposit accounts, individual retirement accounts, and money market accounts, as well as certificates of deposit. It also offers real estate secured loans comprising loans that are secured by commercial real estate, multi-family, farmland, and 1 to 4 family residential properties, as well as equity lines of credit secured by real estate; commercial and industrial, agriculture, and other commercial purpose loans; construction and land loans; and installment loans, as well as residential mortgages. In addition, the company provides online banking, mobile banking, wire transfers, safe deposit boxes, bank-by-mail, night depository, and other customary banking services, as well as cashier’s and travelers checks. As of July 1, 2014, it operated through a network of three branch offices in Paso Robles, San Luis Obispo, and Santa Maria; two branch offices in Arroyo Grande and Atascadero; and single branch offices in Cambria, Templeton, Morro Bay, and Santa Barbara, as well as loan production offices in Goleta and Ventura/Oxnard. The company was founded in 1983 and is headquartered in Paso Robles, California.

294 Employees
Last Reported Date: 02/2/15
Founded in 1983

heritage oaks bancorp (HEOP) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $400.0K
Chief Credit Officer of Heritage Oaks Bank an...
Total Annual Compensation: $122.6K
Market Area President of San Luis Obispo Coun...
Total Annual Compensation: $224.3K
Compensation as of Fiscal Year 2013.

heritage oaks bancorp (HEOP) Key Developments

Heritage Oaks Bancorp Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Heritage Oaks Bancorp reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company's total interest income was $17,064,000 compared to $11,736,000 a year ago. Net interest income before provision for loan and lease losses was $15,726,000 compared to $10,687,000 a year ago. Net interest income after provision for loan and lease losses was $15,726,000 compared to $10,687,000 a year ago. Income before income tax expense was $6,695,000 compared to $2,942,000 a year ago. Net income available to common shareholders was $4,184,000 or $0.13 per diluted and basic share compared to $1,634,000 or $0.06 per diluted share a year ago. The decline in net income was primarily due to a $1.7 million reduction of gain on sale of investment securities and mortgages and $1.1 million in merger and integration costs related to the pending merger with Mission Community Bancorp. Return on average equity was 8.80% compared to 5.10% a year ago. Return on average common equity was 8.61% compared to 5.25% a year ago. Return on average tangible common equity was 10.20% compared to 5.85% a year ago. Return on average assets was 1.01% compared to 0.55% a year ago. Non-GAAP earnings before income taxes, gains on investments, and merger, restructure and integration costs were $7,003,000 compared to $4,000,000 a year ago. The increase in net income for the fourth quarter of 2014 as compared to the same quarter a year earlier was primarily due to the increased pre-tax net income resulting from the inclusion of the operating results of Mission Community Bancorp (MISN) into the company's operating results. Net interest income increased by $0.2 million for the quarter ended December 31, 2014 as compared to the quarter ended September 30, 2014, due primarily to increased income contributed from the loan portfolio. For the year, the company's total interest income was $64,088,000 compared to $45,393,000 a year ago. Net interest income before provision for loan and lease losses was $58,931,000 compared to $41,526,000 a year ago. Net interest income after provision for loan and lease losses was $58,931,000 compared to $41,526,000 a year ago. Income before income tax expense was $13,714,000 compared to $17,838,000 a year ago. Net income available to common shareholders was $8,797,000 or $0.27 per diluted share compared to $9,943,000 or $0.37 per diluted share a year ago. Return on average equity was 4.92% compared to 7.87% a year ago. Return on average common equity was 4.92% compared to 8.10% a year ago. Return on average tangible common equity was 5.84% compared to 9.04% a year ago. Return on average assets was 0.56% compared to 0.97% a year ago. Non-GAAP earnings before income taxes, gains on investments, and merger, restructure and integration costs was $22,258,000 compared to $14,963,000 a year ago. Book value per common share was $5.81 against $4.84 a year ago. Tangible book value per common share was $4.92 against $4.34 a year ago. The majority of the year over year increase in net interest income is attributable to the net interest income from the loans acquired and deposit liabilities assumed through the MISN Transaction.

Heritage Oaks Bancorp Declares Dividend, Payable on March 2, 2015

Heritage Oaks Bancorp declared a dividend of $0.05 per common share for shareholders of record as of February 16, 2015, which is payable to its common shareholders and to the holders of its Series C Preferred Stock on March 2, 2015.

Heritage Oaks Bancorp Presents at FIG Partners 6th Annual West Coast CEO Forum, Feb-04-2015

Heritage Oaks Bancorp Presents at FIG Partners 6th Annual West Coast CEO Forum, Feb-04-2015 . Venue: Palace Hotel, San Francisco, California, United States.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
HEOP:US $7.75 USD +0.04

HEOP Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Bank of Marin Bancorp $50.36 USD -0.01
CU Bancorp $20.66 USD -0.19
Heritage Commerce Corp $8.21 USD -0.16
Pacific Continental Corp $13.51 USD +0.03
Sierra Bancorp $16.18 USD -0.26
View Industry Companies
 

Industry Analysis

HEOP

Industry Average

Valuation HEOP Industry Range
Price/Earnings 28.7x
Price/Sales 3.7x
Price/Book 1.3x
Price/Cash Flow 29.2x
TEV/Sales 1.7x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact HERITAGE OAKS BANCORP, please visit www.heritageoaksbancorp.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.