Heritage Financial Corp. (NASDAQ:HFWA) saw strong trading volume on Wednesday . 220,451 shares traded hands during mid-day 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 lowered Heritage Financial Corp. from a “hold” rating to a “sell” rating in a research note on Monday, July 25th.

The firm has a market capitalization of $547.52 million and a price-to-earnings ratio of 14.94. The stock has a 50 day moving average price of $17.76 and a 200 day moving average price of $17.65.

Heritage Financial Corp. (NASDAQ:HFWA) last announced its earnings results on Thursday, July 21st. The financial services provider reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.01. Equities research analysts expect that Heritage Financial Corp. will post $1.25 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 18th. Shareholders of record on Thursday, August 4th were paid a $0.12 dividend. The ex-dividend date was Tuesday, August 2nd. This represents a $0.48 annualized dividend and a yield of 2.59%.

In other Heritage Financial Corp. news, 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John A. Clees sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $18.09, for a total transaction of $54,270.00. Following the completion of the sale, the director now owns 61,042 shares of the company’s stock, valued at $1,104,249.78. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in Heritage Financial Corp. stock. First Trust Advisors LP raised its position in shares of Heritage Financial Corp. (NASDAQ:HFWA) by 48.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,197 shares of the financial services provider’s stock after buying an additional 17,333 shares during the period. First Trust Advisors LP owned about 0.18% of Heritage Financial Corp. worth $1,002,000 as of its most recent SEC filing.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.