Key Points
- Happen Bank General Counsel Jordan Cheng sold 2,800 shares for $46,928 at an average price of $16.76 under a pre-arranged Rule 10b5-1 plan. He retained 100,813 shares after the sale.
- Happen Bank shares fell 1.4% to $15.96 on Friday. The company’s latest quarterly EPS of $0.50 beat estimates of $0.47, while revenue declined 1.1% year over year to $279.09 million.
- Analysts’ consensus rating is “Moderate Buy,” with an average price target of $23.33; ratings include three Buys and one Hold.
Happen Bank (NASDAQ:HAPN - Get Free Report) General Counsel Jordan Cheng sold 2,800 shares of Happen Bank stock in a transaction on Thursday, November 5th. The stock was sold at an average price of $16.76, for a total transaction of $46,928.00. Following the sale, the general counsel directly owned 100,813 shares in the company, valued at approximately $1,689,625.88. This trade represents a 2.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Jordan Cheng also recently made the following trade(s):
- On Thursday, October 29th, Jordan Cheng sold 2,800 shares of Happen Bank stock. The shares were sold at an average price of $16.00, for a total transaction of $44,800.00.
- On Thursday, September 3rd, Jordan Cheng sold 2,800 shares of Happen Bank stock. The stock was sold at an average price of $17.56, for a total transaction of $49,168.00.
Happen Bank Trading Down 1.4%
HAPN traded down $0.22 on Friday, reaching $15.96. 1,695,994 shares of the company's stock were exchanged, compared to its average volume of 2,762,823. The firm has a market capitalization of $1.84 billion, a PE ratio of 8.92 and a beta of 1.61. Happen Bank has a twelve month low of $13.05 and a twelve month high of $21.67. The business has a fifty day moving average price of $15.67.
Happen Bank (NASDAQ:HAPN - Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The company reported $0.50 EPS for the quarter, beating analysts' consensus estimates of $0.47 by $0.03. Happen Bank had a net margin of 20.16% and a return on equity of 13.62%. The company had revenue of $279.09 million during the quarter. The company's revenue for the quarter was down 1.1% on a year-over-year basis. Analysts expect that Happen Bank will post 1.89 EPS for the current year.
Institutional Trading of Happen Bank
An institutional investor recently raised its stake in Happen Bank stock. Knights of Columbus Asset Advisors LLC increased its position in shares of Happen Bank (NASDAQ:HAPN - Free Report) by 0.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 173,804 shares of the company's stock after buying an additional 1,084 shares during the quarter. Knights of Columbus Asset Advisors LLC owned about 0.15% of Happen Bank worth $2,569,000 at the end of the most recent reporting period. 74.08% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on HAPN shares. Weiss Ratings reissued a "hold (c+)" rating on shares of Happen Bank in a research note on Tuesday, September 22nd. Piper Sandler cut their target price on Happen Bank from $25.00 to $20.00 and set an "overweight" rating for the company in a research note on Thursday, October 29th. Citizens Jmp lifted their price target on Happen Bank from $23.00 to $25.00 and gave the stock a "market outperform" rating in a report on Tuesday, July 28th. Finally, BTIG Research reissued a "buy" rating and issued a $25.00 price objective on shares of Happen Bank in a report on Tuesday, July 28th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $23.33.
Read Our Latest Research Report on HAPN
About Happen Bank
(
Get Free Report)
Happen Bank, originally founded as LendingClub in 2006, is a digital bank primarily built for high-FICO, high-income borrowers that are actively managing their financial lives. The company offers products to make financial progress both fast and easy. Additionally, the company provides advanced credit underwriting, a proprietary technology platform, and a marketplace bank model intended to drive value for members, loan investors, and shareholders. Happen Bank is headquartered in San Fancisco, California.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
