Heritage Financial Corporation (NASDAQ:HFWA) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $30.55 and last traded at $30.55, with a volume of 137,961 shares changing hands. The stock had previously closed at $30.25.

A number of brokerages have recently issued reports on HFWA. Zacks Investment Research upgraded shares of Heritage Financial Corporation from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research note on Friday, July 28th. ValuEngine upgraded shares of Heritage Financial Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Piper Jaffray Companies set a $29.00 price objective on shares of Heritage Financial Corporation and gave the stock a “hold” rating in a research note on Monday, August 14th. Finally, BidaskClub lowered shares of Heritage Financial Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $29.33.

The firm has a 50 day moving average of $28.36 and a 200-day moving average of $26.35. The firm has a market cap of $902.33 million, a PE ratio of 21.64 and a beta of 0.50.

Heritage Financial Corporation (NASDAQ:HFWA) last issued its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.07. The firm had revenue of $44.84 million during the quarter, compared to analysts’ expectations of $41.59 million. Heritage Financial Corporation had a net margin of 23.81% and a return on equity of 8.56%. Equities research analysts expect that Heritage Financial Corporation will post $1.42 EPS for the current year.

In related news, Director John A. Clees sold 2,000 shares of the business’s 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 transaction, the director now owns 49,042 shares in the company, valued at $1,337,865.76. The sale 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 insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its holdings in Heritage Financial Corporation by 7.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,619,714 shares of the financial services provider’s stock valued at $42,923,000 after purchasing an additional 110,898 shares during the period. Vanguard Group Inc. grew its holdings in Heritage Financial Corporation by 6.1% during the first quarter. Vanguard Group Inc. now owns 1,215,131 shares of the financial services provider’s stock valued at $30,074,000 after purchasing an additional 69,982 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Heritage Financial Corporation by 1.7% during the second quarter. The Manufacturers Life Insurance Company now owns 695,478 shares of the financial services provider’s stock valued at $18,430,000 after purchasing an additional 11,574 shares during the period. Schroder Investment Management Group grew its holdings in Heritage Financial Corporation by 3.3% during the second quarter. Schroder Investment Management Group now owns 635,212 shares of the financial services provider’s stock valued at $16,833,000 after purchasing an additional 20,273 shares during the period. Finally, State Street Corp grew its holdings in Heritage Financial Corporation by 5.0% during the second quarter. State Street Corp now owns 571,333 shares of the financial services provider’s stock valued at $15,144,000 after purchasing an additional 27,390 shares during the period. Hedge funds and other institutional investors own 75.92% of the company’s stock.

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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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