Shares of Heritage Financial Corp. (NASDAQ:HFWA) saw unusually-strong trading volume on Thursday . Approximately 177,508 shares changed hands 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 research report on Monday, April 11th.

The firm has a market cap of $514.95 million and a P/E ratio of 14.14. The company has a 50-day moving average price of $17.63 and a 200-day moving average price of $17.70.

Heritage Financial Corp. (NASDAQ:HFWA) last released its quarterly earnings data on Thursday, April 21st. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.01. On average, equities research analysts expect that Heritage Financial Corp. will post $1.26 EPS for the current year.

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

Several hedge funds have added to or reduced their stakes in the stock. First Trust Advisors LP boosted its stake in Heritage Financial Corp. by 48.3% in the fourth quarter. First Trust Advisors LP now owns 53,197 shares of the financial services provider’s stock worth $1,002,000 after buying an additional 17,333 shares during the last quarter. California State Teachers Retirement System boosted its stake in Heritage Financial Corp. by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 56,035 shares of the financial services provider’s stock valued at $1,056,000 after buying an additional 1,000 shares during the last quarter. Sei Investments Co. boosted its stake in Heritage Financial Corp. by 87.2% in the fourth quarter. Sei Investments Co. now owns 58,635 shares of the financial services provider’s stock valued at $1,105,000 after buying an additional 27,315 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Heritage Financial Corp. by 15.8% in the fourth quarter. Victory Capital Management Inc. now owns 62,534 shares of the financial services provider’s stock valued at $1,178,000 after buying an additional 8,510 shares during the last quarter. Finally, California Public Employees Retirement System boosted its stake in 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 valued at $2,163,000 after buying an additional 33,500 shares during the last quarter.

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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