Heritage Financial Corp. (HFWA) Sees Large Volume Increase
Heritage Financial Corp. (NASDAQ:HFWA) saw unusually-high trading volume on Wednesday . Approximately 220,451 shares traded hands during trading, an increase of 240% from the previous session’s volume of 64,783 shares.The stock last traded at $18.12 and had previously closed at $18.13.
Separately, Zacks Investment Research raised Heritage Financial Corp. from a “sell” rating to a “hold” rating and set a $20.00 price objective on the stock in a report on Tuesday, May 10th.
The firm’s 50 day moving average is $17.68 and its 200-day moving average is $17.64. The company has a market cap of $541.58 million and a P/E ratio of 14.77.
Heritage Financial Corp. (NASDAQ:HFWA) last announced its quarterly earnings results on Thursday, July 21st. The financial services provider reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.31 by $0.01. Equities research analysts forecast that Heritage Financial Corp. will post $1.25 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, August 18th. Investors of record on Thursday, August 4th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend was Tuesday, August 2nd.
In other Heritage Financial Corp. news, Director John A. Clees sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $18.09, for a total value of $54,270.00. Following the sale, the director now directly owns 61,042 shares of the company’s stock, valued at $1,104,249.78. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 in the company, valued at $937,849.25. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Heritage Financial Corp. stock. Victory Capital Management Inc. raised its stake in shares of Heritage Financial Corp. (NASDAQ:HFWA) by 15.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,534 shares of the financial services provider’s stock after buying an additional 8,510 shares during the period. Victory Capital Management Inc. owned 0.21% of Heritage Financial Corp. worth $1,178,000 at the end of the most recent reporting 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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