BidaskClub upgraded shares of Heritage Financial (NASDAQ:HFWA) from a hold rating to a buy rating in a report released on Saturday morning.

Several other analysts have also weighed in on the stock. Keefe, Bruyette & Woods raised shares of Heritage Financial from a market perform rating to an outperform rating in a report on Monday, March 12th. Zacks Investment Research lowered shares of Heritage Financial from a buy rating to a hold rating in a report on Tuesday, March 6th. ValuEngine raised shares of Heritage Financial from a hold rating to a buy rating in a report on Saturday, February 17th. Sandler O’Neill reaffirmed a buy rating and set a $36.00 price objective on shares of Heritage Financial in a report on Friday, January 26th. Finally, Piper Jaffray reissued a hold rating and issued a $33.00 price target on shares of Heritage Financial in a report on Tuesday, January 9th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has an average rating of Buy and a consensus price target of $34.60.

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NASDAQ HFWA opened at $31.10 on Friday. The company has a market cap of $1,042.51, a PE ratio of 21.01, a PEG ratio of 1.72 and a beta of 0.49. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.84 and a quick ratio of 0.84. Heritage Financial has a 1-year low of $23.00 and a 1-year high of $33.25.

Heritage Financial (NASDAQ:HFWA) last posted its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.06. The company had revenue of $46.22 million during the quarter, compared to analyst estimates of $43.74 million. Heritage Financial had a net margin of 21.16% and a return on equity of 8.86%. equities analysts predict that Heritage Financial will post 1.78 earnings per share for the current year.

Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its holdings in shares of Heritage Financial by 4.8% in the fourth quarter. BlackRock Inc. now owns 2,128,041 shares of the financial services provider’s stock valued at $65,545,000 after purchasing an additional 96,950 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Heritage Financial by 6.6% in the third quarter. Dimensional Fund Advisors LP now owns 1,725,844 shares of the financial services provider’s stock valued at $50,913,000 after purchasing an additional 106,130 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Heritage Financial by 0.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 978,324 shares of the financial services provider’s stock valued at $30,133,000 after purchasing an additional 8,011 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of Heritage Financial by 598.1% in the fourth quarter. Alliancebernstein L.P. now owns 853,510 shares of the financial services provider’s stock valued at $26,288,000 after purchasing an additional 731,242 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Heritage Financial by 6.2% in the fourth quarter. The Manufacturers Life Insurance Company now owns 740,098 shares of the financial services provider’s stock valued at $22,795,000 after purchasing an additional 43,168 shares in the last quarter. 71.10% of the stock is owned by institutional investors and hedge funds.

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Heritage Financial Company Profile

Heritage Financial Corporation operates as the bank holding company for Heritage Bank that provides various financial services to businesses and individuals in the United States. The company accepts various deposit products, such as noninterest demand accounts, interest bearing demand deposits, money market accounts, savings accounts, personal checking accounts, and certificates of deposit.

Analyst Recommendations for Heritage Financial (NASDAQ:HFWA)

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