Favorable News Coverage Somewhat Unlikely to Impact Heritage Financial Corporation (HFWA) Stock Price
News headlines about Heritage Financial Corporation (NASDAQ:HFWA) have been trending positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Heritage Financial Corporation earned a media sentiment score of 0.30 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 46.1093222930771 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Shares of Heritage Financial Corporation (NASDAQ:HFWA) opened at 28.35 on Friday. The company’s 50 day moving average price is $26.65 and its 200-day moving average price is $25.52. The firm has a market cap of $844.26 million, a P/E ratio of 20.25 and a beta of 0.49. Heritage Financial Corporation has a 12-month low of $17.66 and a 12-month high of $28.42.
Heritage Financial Corporation (NASDAQ:HFWA) last posted its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.39 EPS for the quarter, beating the consensus estimate of $0.32 by $0.07. The business had revenue of $44.84 million during the quarter, compared to analysts’ expectations of $41.59 million. Heritage Financial Corporation had a return on equity of 8.56% and a net margin of 23.81%. On average, equities research analysts anticipate that Heritage Financial Corporation will post $1.42 EPS for the current year.
HFWA has been the subject of several recent analyst reports. Zacks Investment Research downgraded Heritage Financial Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Piper Jaffray Companies set a $29.00 price target on Heritage Financial Corporation and gave the stock a “hold” rating in a report on Monday, August 14th. BidaskClub downgraded Heritage Financial Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. ValuEngine raised Heritage Financial Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $27.00 price target on shares of Heritage Financial Corporation in a 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 company. The company currently has an average rating of “Hold” and a consensus target price of $28.67.
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In other news, Director John A. Clees sold 2,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 49,042 shares of the company’s stock, valued at approximately $1,337,865.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.70% of the stock is owned by company insiders.
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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