Heritage Financial (HFWA) Given Daily News Sentiment Score of 0.17
Media coverage about Heritage Financial (NASDAQ:HFWA) has been trending somewhat positive on Monday, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Heritage Financial earned a news sentiment score of 0.17 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 46.1698290344822 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the headlines that may have impacted Accern’s rankings:
- Heritage Financial (HFWA) Cut to Hold at BidaskClub (americanbankingnews.com)
- Heritage Financial Corporation Forecasted to Earn Q3 2018 Earnings of $0.42 Per Share (HFWA) (americanbankingnews.com)
- Heritage Financial (HFWA) Stock Rating Upgraded by FIG Partners (americanbankingnews.com)
- Edward Eng Joins Pacific Financial Corporation as EVP Chief Administrative Officer & Enterprise Risk Officer (feeds.benzinga.com)
Several equities research analysts have issued reports on the stock. BidaskClub cut shares of Heritage Financial from a “buy” rating to a “hold” rating in a research note on Saturday. FIG Partners raised shares of Heritage Financial from a “market-perform” rating to an “outperform” rating in a research note on Tuesday, December 12th. DA Davidson lifted their target price on shares of 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 report on Monday, October 30th. Finally, ValuEngine upgraded Heritage Financial from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Heritage Financial presently has a consensus rating of “Buy” and an average price target of $31.75.
Heritage Financial (NASDAQ HFWA) opened at $31.75 on Monday. Heritage Financial has a fifty-two week low of $22.50 and a fifty-two week high of $33.25. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $950.25, a price-to-earnings ratio of 23.01, a PEG ratio of 2.24 and a beta of 0.47.
Heritage Financial (NASDAQ:HFWA) last issued its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. The firm had revenue of $43.39 million for the quarter, compared to analyst estimates of $42.85 million. Heritage Financial had a net margin of 23.48% and a return on equity of 8.42%. research analysts expect that Heritage Financial will post 1.42 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Wednesday, November 8th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend was Tuesday, November 7th. Heritage Financial’s dividend payout ratio is currently 37.68%.
In other Heritage Financial 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 value of $63,560.00. Following the completion of the transaction, the director now directly owns 29,602 shares of the company’s stock, valued at approximately $940,751.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Donald Hinson sold 1,000 shares of Heritage Financial stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $31.22, for a total value of $31,220.00. Following the completion of the transaction, the chief financial officer now directly owns 33,288 shares of the company’s stock, valued at $1,039,251.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,636 shares of company stock valued at $667,583. 2.70% of the stock is currently owned by corporate insiders.
About Heritage Financial
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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