Parkwood LLC increased its position in shares of Heritage Financial Corporation (NASDAQ:HFWA) by 14.8% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 9,478 shares of the financial services provider’s stock after buying an additional 1,225 shares during the period. Parkwood LLC’s holdings in Heritage Financial Corporation were worth $251,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Aperio Group LLC bought a new stake in shares of Heritage Financial Corporation during the second quarter worth $217,000. Driehaus Capital Management LLC bought a new stake in shares of Heritage Financial Corporation during the first quarter worth $1,074,000. AQR Capital Management LLC boosted its stake in shares of Heritage Financial Corporation by 43.3% in the first quarter. AQR Capital Management LLC now owns 126,620 shares of the financial services provider’s stock worth $3,133,000 after buying an additional 38,236 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Heritage Financial Corporation by 5.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 101,730 shares of the financial services provider’s stock worth $2,518,000 after buying an additional 5,130 shares in the last quarter. Finally, RMB Capital Management LLC bought a new stake in shares of Heritage Financial Corporation during the first quarter worth $6,262,000. Institutional investors and hedge funds own 77.41% of the company’s stock.

Heritage Financial Corporation (NASDAQ:HFWA) traded up 0.092% on Friday, hitting $27.175. 56,334 shares of the stock traded hands. Heritage Financial Corporation has a 12-month low of $16.89 and a 12-month high of $27.70. The firm’s 50-day moving average price is $26.30 and its 200-day moving average price is $25.23. The stock has a market cap of $808.62 million, a price-to-earnings ratio of 19.411 and a beta of 0.48.

Heritage Financial Corporation (NASDAQ:HFWA) last posted its earnings results on Wednesday, July 26th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.07. The firm had revenue of $44.84 million during the quarter, compared to the consensus estimate of $41.59 million. Heritage Financial Corporation had a net margin of 23.81% and a return on equity of 8.60%. On average, equities research analysts anticipate that Heritage Financial Corporation will post $1.42 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 24th. Investors of record on Thursday, August 10th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date is Tuesday, August 8th. Heritage Financial Corporation’s dividend payout ratio (DPR) is presently 37.14%.

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A number of equities research analysts have weighed in on the stock. Zacks Investment Research cut shares of Heritage Financial Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday. Piper Jaffray Companies reiterated a “hold” rating and set a $25.00 price target on shares of Heritage Financial Corporation in a research report on Wednesday, July 12th. BidaskClub cut shares of Heritage Financial Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $27.00 price target on shares of Heritage Financial Corporation in a research report on Friday, June 2nd. Finally, ValuEngine upgraded shares of Heritage Financial Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Heritage Financial Corporation has an average rating of “Hold” and an average price target of $27.33.

In related news, Director John A. Clees sold 2,000 shares of the stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $27.28, for a total transaction of $54,560.00. Following the completion of the sale, the director now owns 49,042 shares of the company’s stock, valued at approximately $1,337,865.76. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.70% of the stock is currently owned by corporate insiders.

Heritage Financial Corporation Company Profile

Heritage Financial Corporation is a bank holding company. The Company is engaged in the business of planning, directing and coordinating the business activities of its bank subsidiary, Heritage Bank (the Bank). The Bank’s lending activities focus on commercial business lending. The Bank also originates consumer loans, real estate construction and land development loans, and one- to four-family residential loans.

Institutional Ownership by Quarter for Heritage Financial Corporation (NASDAQ:HFWA)

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