Heritage Financial Corporation (HFWA) Shares Sold by Sei Investments Co.
Sei Investments Co. decreased its holdings in shares of Heritage Financial Corporation (NASDAQ:HFWA) by 36.5% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 28,713 shares of the financial services provider’s stock after selling 16,485 shares during the period. Sei Investments Co. owned approximately 0.10% of Heritage Financial worth $847,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of HFWA. MUFG Americas Holdings Corp grew its stake in shares of Heritage Financial by 1.2% during the second quarter. MUFG Americas Holdings Corp now owns 3,952 shares of the financial services provider’s stock worth $105,000 after acquiring an additional 45 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Heritage Financial by 4.2% during the second quarter. Legal & General Group Plc now owns 7,369 shares of the financial services provider’s stock worth $195,000 after acquiring an additional 297 shares during the last quarter. Aperio Group LLC purchased a new stake in shares of Heritage Financial during the second quarter worth about $217,000. Susquehanna International Group LLP purchased a new stake in shares of Heritage Financial during the second quarter worth about $226,000. Finally, Principal Financial Group Inc. purchased a new stake in shares of Heritage Financial during the second quarter worth about $274,000. Institutional investors and hedge funds own 78.15% of the company’s stock.
In related news, Director Brian Charneski sold 2,000 shares of Heritage Financial stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $31.78, for a total transaction of $63,560.00. Following the completion of the sale, the director now owns 29,602 shares of the company’s stock, valued at $940,751.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John A. Clees sold 1,000 shares of Heritage Financial stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $31.07, for a total value of $31,070.00. Following the sale, the director now directly owns 46,042 shares of the company’s stock, valued at approximately $1,430,524.94. The disclosure for this sale can be found here. Insiders have sold 21,636 shares of company stock valued at $667,583 in the last ninety days. Corporate insiders own 2.70% of the company’s stock.
HFWA has been the topic of a number of research analyst reports. DA Davidson boosted their price target on Heritage Financial from $35.00 to $36.00 and gave the stock a “buy” rating in a research note on Tuesday, November 7th. Zacks Investment Research upgraded Heritage Financial from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research note on Monday, October 30th. Piper Jaffray Companies set a $29.00 price target on Heritage Financial and gave the stock a “hold” rating in a research note on Monday, August 14th. ValuEngine upgraded Heritage Financial from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, BidaskClub lowered Heritage Financial from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $31.75.
Shares of Heritage Financial Corporation (NASDAQ:HFWA) opened at $31.35 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.27. Heritage Financial Corporation has a twelve month low of $22.50 and a twelve month high of $33.25. The company has a market capitalization of $936.78, a PE ratio of 22.68, a P/E/G ratio of 2.21 and a beta of 0.47.
Heritage Financial (NASDAQ:HFWA) last released its earnings results on Thursday, October 26th. The financial services provider reported $0.35 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.35. Heritage Financial had a return on equity of 8.42% and a net margin of 23.48%. The firm had revenue of $43.39 million during the quarter, compared to the consensus estimate of $42.85 million. analysts expect that Heritage Financial Corporation will post 1.42 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Wednesday, November 8th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date was Tuesday, November 7th. Heritage Financial’s dividend payout ratio (DPR) is 37.68%.
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Heritage Financial 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.
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