Somewhat Positive News Coverage Somewhat Unlikely to Affect Heritage Financial Corporation (HFWA) Share Price
Media headlines about Heritage Financial Corporation (NASDAQ:HFWA) have trended somewhat positive on Sunday, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Heritage Financial Corporation earned a news impact score of 0.09 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 46.3298012021886 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Shares of Heritage Financial Corporation (HFWA) opened at 26.25 on Friday. Heritage Financial Corporation has a 52 week low of $16.89 and a 52 week high of $27.70. The stock has a 50 day moving average price of $26.54 and a 200-day moving average price of $25.31. The firm has a market capitalization of $781.72 million, a PE ratio of 18.75 and a beta of 0.48.
Heritage Financial Corporation (NASDAQ:HFWA) last issued its earnings results on Wednesday, July 26th. The financial services provider reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.07. The business had revenue of $44.84 million for the quarter, compared to analyst estimates of $41.59 million. Heritage Financial Corporation had a return on equity of 8.56% and a net margin of 23.81%. Equities analysts anticipate that Heritage Financial Corporation will post $1.42 earnings per share for the current year.
The company 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 $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.98%. The ex-dividend date is Tuesday, August 8th. Heritage Financial Corporation’s dividend payout ratio (DPR) is currently 37.14%.
A number of equities research analysts have recently weighed in on HFWA shares. ValuEngine raised Heritage Financial Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research cut Heritage Financial Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, May 9th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $25.00 price objective on shares of Heritage Financial Corporation in a research note on Wednesday, July 12th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $27.00 price objective on shares of Heritage Financial Corporation in a research note on Friday, June 2nd. Finally, BidaskClub cut Heritage Financial Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $27.33.
In related news, Director John A. Clees sold 2,000 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $27.28, for a total value of $54,560.00. Following the transaction, the director now directly owns 49,042 shares of the company’s stock, valued at approximately $1,337,865.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.70% of the company’s stock.
About Heritage Financial Corporation
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.
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