Shares of Heritage Financial Corp. (NASDAQ:HFWA) saw unusually-strong trading volume on Thursday . Approximately 177,508 shares were traded during mid-day trading, an increase of 106% from the previous session’s volume of 86,077 shares.The stock last traded at $16.99 and had previously closed at $16.98.

Separately, Zacks Investment Research cut Heritage Financial Corp. from a “hold” rating to a “sell” rating in a report on Monday, April 18th.

The stock has a 50 day moving average price of $17.64 and a 200 day moving average price of $17.71. The firm has a market capitalization of $503.69 million and a price-to-earnings ratio of 13.84.

Heritage Financial Corp. (NASDAQ:HFWA) last released its quarterly earnings results on Thursday, April 21st. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.01. Equities research analysts expect that Heritage Financial Corp. will post $1.27 earnings per share for the current fiscal year.

In other news, EVP Jeffrey J. Deuel sold 13,334 shares of the business’s stock in a transaction on Tuesday, May 31st. The shares were sold at an average price of $18.25, for a total transaction of $243,345.50. Following the sale, the executive vice president now directly owns 51,389 shares of the company’s stock, valued at $937,849.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider David A. Spurling sold 1,996 shares of the business’s stock in a transaction on Monday, April 25th. The shares were sold at an average price of $17.83, for a total transaction of $35,588.68. Following the sale, the insider now directly owns 35,390 shares in the company, valued at $631,003.70. The disclosure for this sale can be found here.

Several large investors recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its stake in shares of Heritage Financial Corp. by 10.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,056,381 shares of the financial services provider’s stock worth $19,902,000 after buying an additional 97,366 shares during the period. Morgan Stanley raised its stake in shares of Heritage Financial Corp. by 7.6% in the fourth quarter. Morgan Stanley now owns 162,289 shares of the financial services provider’s stock worth $3,058,000 after buying an additional 11,524 shares during the period. Wells Fargo & Company MN raised its stake in shares of Heritage Financial Corp. by 9.6% in the fourth quarter. Wells Fargo & Company MN now owns 126,138 shares of the financial services provider’s stock worth $2,377,000 after buying an additional 11,031 shares during the period. Boston Partners raised its stake in shares of Heritage Financial Corp. by 3.1% in the fourth quarter. Boston Partners now owns 124,827 shares of the financial services provider’s stock worth $2,352,000 after buying an additional 3,770 shares during the period. Finally, California Public Employees Retirement System raised its stake in shares of Heritage Financial Corp. by 41.2% in the fourth quarter. California Public Employees Retirement System now owns 114,800 shares of the financial services provider’s stock worth $2,163,000 after buying an additional 33,500 shares during the period.

Heritage Financial Corporation is a bank holding company engaged in the business of planning, directing and coordinating the business activities of its bank subsidiary, Heritage Bank (the Bank). The Bank also makes real estate construction loans, land development loans and consumer loans, and originates first mortgage loans on residential properties primarily located in its market area.

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