Chicago Equity Partners LLC purchased a new position in Heritage Financial Corporation (NASDAQ:HFWA) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 65,490 shares of the financial services provider’s stock, valued at approximately $1,932,000. Chicago Equity Partners LLC owned about 0.22% of Heritage Financial Corporation at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of HFWA. Bank of New York Mellon Corp increased its stake in shares of Heritage Financial Corporation by 135.9% in the second quarter. Bank of New York Mellon Corp now owns 463,253 shares of the financial services provider’s stock worth $12,276,000 after acquiring an additional 266,882 shares during the last quarter. Northpointe Capital LLC boosted its holdings in Heritage Financial Corporation by 446.5% in the second quarter. Northpointe Capital LLC now owns 283,719 shares of the financial services provider’s stock worth $7,519,000 after purchasing an additional 231,804 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Heritage Financial Corporation by 7.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,619,714 shares of the financial services provider’s stock worth $42,923,000 after purchasing an additional 110,898 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Heritage Financial Corporation by 6.1% in the first quarter. Vanguard Group Inc. now owns 1,215,131 shares of the financial services provider’s stock worth $30,074,000 after purchasing an additional 69,982 shares in the last quarter. Finally, Thrivent Financial For Lutherans boosted its holdings in Heritage Financial Corporation by 229.8% during the second quarter. Thrivent Financial For Lutherans now owns 93,340 shares of the financial services provider’s stock valued at $2,473,000 after acquiring an additional 65,040 shares during the period. 75.34% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have recently commented on HFWA. DA Davidson upped their price objective on shares of Heritage Financial Corporation from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Tuesday, November 7th. Zacks Investment Research raised shares of Heritage Financial Corporation from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research report on Monday, October 30th. Piper Jaffray Companies set a $29.00 price objective on shares of Heritage Financial Corporation and gave the company a “hold” rating in a research report on Monday, August 14th. Finally, ValuEngine raised shares of Heritage Financial Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $31.75.

In related news, Director Anthony Pickering sold 11,000 shares of the stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $30.76, for a total value of $338,360.00. Following the completion of the transaction, the director now owns 48,085 shares of the company’s stock, valued at $1,479,094.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brian L. Vance sold 5,636 shares of the stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $30.76, for a total transaction of $173,363.36. Following the completion of the transaction, the director now directly owns 142,011 shares of the company’s stock, valued at approximately $4,368,258.36. The disclosure for this sale can be found here. Insiders sold 18,163 shares of company stock valued at $556,745 in the last three months. Company insiders own 2.70% of the company’s stock.

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Heritage Financial Corporation (NASDAQ:HFWA) opened at $29.45 on Monday. The company has a market cap of $881.41, a PE ratio of 21.34, a PEG ratio of 2.07 and a beta of 0.44. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26. Heritage Financial Corporation has a 52-week low of $20.00 and a 52-week high of $31.65.

Heritage Financial Corporation (NASDAQ:HFWA) last announced its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.35 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.35. Heritage Financial Corporation had a net margin of 23.48% and a return on equity of 8.50%. The business had revenue of $43.39 million during the quarter, compared to analyst estimates of $42.85 million. sell-side analysts forecast that Heritage Financial Corporation will post 1.42 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Wednesday, November 8th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend is Tuesday, November 7th. Heritage Financial Corporation’s dividend payout ratio (DPR) is presently 37.68%.

Heritage Financial Corporation 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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