Swiss National Bank grew its holdings in Heritage Financial Corp (NASDAQ:HFWA) by 2.2% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 68,668 shares of the financial services provider’s stock after acquiring an additional 1,500 shares during the period. Swiss National Bank’s holdings in Heritage Financial were worth $2,028,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Clearbridge Investments LLC lifted its holdings in Heritage Financial by 54.9% during the 1st quarter. Clearbridge Investments LLC now owns 1,907 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 676 shares during the last quarter. Vista Capital Partners Inc. acquired a new stake in Heritage Financial during the 1st quarter worth approximately $879,000. Texas Permanent School Fund lifted its holdings in Heritage Financial by 3.8% during the 1st quarter. Texas Permanent School Fund now owns 22,537 shares of the financial services provider’s stock worth $679,000 after purchasing an additional 821 shares during the last quarter. Piedmont Investment Advisors Inc. lifted its holdings in Heritage Financial by 6.6% during the 1st quarter. Piedmont Investment Advisors Inc. now owns 8,482 shares of the financial services provider’s stock worth $256,000 after purchasing an additional 526 shares during the last quarter. Finally, Jennison Associates LLC lifted its holdings in Heritage Financial by 31.1% during the 1st quarter. Jennison Associates LLC now owns 509,441 shares of the financial services provider’s stock worth $15,355,000 after purchasing an additional 120,869 shares during the last quarter. 80.10% of the stock is owned by institutional investors and hedge funds.
In other Heritage Financial news, Director Lisa Banner sold 976 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $29.25, for a total transaction of $28,548.00. Following the transaction, the director now owns 731 shares in the company, valued at approximately $21,381.75. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.60% of the stock is owned by company insiders.
Heritage Financial stock traded down $0.02 during mid-day trading on Friday, reaching $25.86. 201 shares of the company were exchanged, compared to its average volume of 129,168. The company has a fifty day simple moving average of $27.16 and a 200-day simple moving average of $29.62. Heritage Financial Corp has a 12 month low of $25.24 and a 12 month high of $37.40. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a market cap of $944.55 million, a PE ratio of 14.65, a PEG ratio of 2.00 and a beta of 0.75.
Heritage Financial (NASDAQ:HFWA) last posted its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.43 EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.07). Heritage Financial had a return on equity of 8.86% and a net margin of 25.83%. The company had revenue of $58.10 million for the quarter, compared to the consensus estimate of $59.73 million. Sell-side analysts anticipate that Heritage Financial Corp will post 1.83 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend was Wednesday, August 7th. This is a positive change from Heritage Financial’s previous quarterly dividend of $0.18. Heritage Financial’s dividend payout ratio (DPR) is 43.18%.
HFWA has been the subject of several research reports. Janney Montgomery Scott cut Heritage Financial from a “buy” rating to a “neutral” rating in a report on Friday, July 26th. ValuEngine raised Heritage Financial from a “sell” rating to a “hold” rating in a report on Monday, August 12th. BidaskClub cut Heritage Financial from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 11th. Finally, Zacks Investment Research raised Heritage Financial from a “sell” rating to a “hold” rating in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $34.00.
Heritage Financial Profile
Heritage Financial Corporation operates as the bank holding company for Heritage Bank that provides various financial services to businesses and individuals in the United States. The company accepts various deposit products, such as noninterest demand accounts, interest bearing demand deposits, money market accounts, savings accounts, personal checking accounts, and certificates of deposit.
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