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Heritage Oaks Bancorp is a bank holding company based in Paso Robles, California. The company operates through its subsidiary, Heritage Oaks Bank, which provides a range of financial services to individuals, businesses, and non-profit organizations in California's Central Coast region.
As of my knowledge up to October 2021, Heritage Oaks Bancorp has a market capitalization of around $200 million and its stock is listed on the NASDAQ stock exchange under the ticker symbol "HEOP".
In terms of financial performance, Heritage Oaks Bancorp has reported consistent growth in earnings in recent years. In 2020, the company reported net income of $24.8 million, up from $22.5 million in 2019 and $18.5 million in 2018. This represents a compound annual growth rate (CAGR) of 13.3% over the three-year period.
The company's revenue has also been growing steadily, with total revenue of $130.2 million in 2020, up from $118.6 million in 2019 and $104.1 million in 2018. This represents a CAGR of 11.8% over the same period.
Heritage Oaks Bancorp has been able to achieve this growth through a combination of strategic acquisitions, expansion of its lending portfolio, and a focus on providing high-quality customer service. The company's strong financial performance has been reflected in its stock price, which has risen steadily over the past several years.
However, it's important to note that investing in the stock market always carries risks, and Heritage Oaks Bancorp's stock price, like any other, can be affected by a variety of factors, including economic conditions, changes in regulatory policies, and unforeseen events such as natural disasters or pandemics. As such, it's always important to conduct thorough research and consider seeking advice from a financial advisor before making any investment decisions.