Heritage Financial Corp (NASDAQ:HFWA) insider David A. Spurling sold 8,661 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $27.47, for a total transaction of $237,917.67. Following the sale, the insider now owns 20,299 shares in the company, valued at approximately $557,613.53. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Shares of NASDAQ HFWA traded up $0.19 during mid-day trading on Wednesday, reaching $27.36. The company’s stock had a trading volume of 146,693 shares, compared to its average volume of 134,255. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.84 and a quick ratio of 0.84. Heritage Financial Corp has a 52 week low of $25.24 and a 52 week high of $33.22. The stock has a fifty day moving average of $27.74 and a two-hundred day moving average of $27.96. The firm has a market capitalization of $1.01 billion, a PE ratio of 15.55 and a beta of 0.73.
Heritage Financial (NASDAQ:HFWA) last issued its earnings results on Thursday, October 24th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.01. Heritage Financial had a return on equity of 8.67% and a net margin of 26.72%. The company had revenue of $58.70 million for the quarter, compared to the consensus estimate of $59.04 million. Analysts anticipate that Heritage Financial Corp will post 1.82 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend was Wednesday, November 6th. Heritage Financial’s dividend payout ratio (DPR) is currently 43.18%.
Hedge funds have recently added to or reduced their stakes in the company. State Street Corp grew its stake in Heritage Financial by 2.3% during the third quarter. State Street Corp now owns 1,142,149 shares of the financial services provider’s stock valued at $30,792,000 after acquiring an additional 25,674 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Heritage Financial by 110.8% during the 2nd quarter. Invesco Ltd. now owns 1,059,728 shares of the financial services provider’s stock valued at $31,305,000 after purchasing an additional 557,062 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Heritage Financial by 1.3% during the 2nd quarter. Northern Trust Corp now owns 631,389 shares of the financial services provider’s stock valued at $18,651,000 after purchasing an additional 7,923 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Heritage Financial by 0.6% during the second quarter. Bank of New York Mellon Corp now owns 472,533 shares of the financial services provider’s stock valued at $13,959,000 after purchasing an additional 2,970 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of Heritage Financial by 55.6% during the second quarter. Wells Fargo & Company MN now owns 333,559 shares of the financial services provider’s stock valued at $9,853,000 after purchasing an additional 119,188 shares in the last quarter. 80.19% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have weighed in on HFWA shares. Zacks Investment Research raised shares of Heritage Financial from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Stephens reissued a “hold” rating and issued a $29.00 price objective on shares of Heritage Financial in a research note on Thursday, October 24th. DA Davidson downgraded shares of Heritage Financial from a “buy” rating to a “neutral” rating in a research report on Tuesday, November 12th. ValuEngine upgraded shares of Heritage Financial from a “sell” rating to a “hold” rating in a research report on Monday, August 12th. Finally, BidaskClub cut shares of Heritage Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $31.67.
About Heritage Financial
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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