Heritage Financial Corp (NASDAQ:HFWA) insider David A. Spurling sold 615 shares of the company’s stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $36.65, for a total transaction of $22,539.75. Following the transaction, the insider now directly owns 28,473 shares in the company, valued at approximately $1,043,535.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of HFWA traded up $0.10 on Friday, hitting $36.60. 136,096 shares of the stock traded hands, compared to its average volume of 187,949. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 24.73, a PEG ratio of 2.04 and a beta of 0.47. Heritage Financial Corp has a 1 year low of $25.65 and a 1 year high of $37.38.

Heritage Financial (NASDAQ:HFWA) last announced its quarterly earnings data on Wednesday, July 25th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.09). The firm had revenue of $51.32 million for the quarter, compared to analysts’ expectations of $50.90 million. Heritage Financial had a net margin of 19.36% and a return on equity of 8.54%. equities analysts expect that Heritage Financial Corp will post 1.79 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 23rd. Investors of record on Thursday, August 9th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend was Wednesday, August 8th. Heritage Financial’s payout ratio is 40.54%.

Several equities analysts recently issued reports on the stock. BidaskClub raised shares of Heritage Financial from a “hold” rating to a “buy” rating in a research note on Thursday, May 24th. Zacks Investment Research downgraded shares of Heritage Financial from a “buy” rating to a “hold” rating in a research note on Friday, July 27th. Finally, Keefe, Bruyette & Woods downgraded shares of Heritage Financial from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 26th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $35.60.

Several institutional investors and hedge funds have recently made changes to their positions in HFWA. Bank of New York Mellon Corp raised its stake in Heritage Financial by 26.3% during the second quarter. Bank of New York Mellon Corp now owns 800,900 shares of the financial services provider’s stock worth $27,912,000 after purchasing an additional 166,844 shares during the period. Waddell & Reed Financial Inc. raised its stake in Heritage Financial by 4.1% during the second quarter. Waddell & Reed Financial Inc. now owns 623,278 shares of the financial services provider’s stock worth $21,722,000 after purchasing an additional 24,420 shares during the period. MetLife Investment Advisors LLC raised its stake in Heritage Financial by 24.8% during the second quarter. MetLife Investment Advisors LLC now owns 15,777 shares of the financial services provider’s stock worth $550,000 after purchasing an additional 3,133 shares during the period. Metropolitan Life Insurance Co. NY raised its stake in Heritage Financial by 14.6% during the second quarter. Metropolitan Life Insurance Co. NY now owns 11,142 shares of the financial services provider’s stock worth $388,000 after purchasing an additional 1,419 shares during the period. Finally, JS Capital Management LLC purchased a new position in Heritage Financial during the second quarter worth approximately $530,000. 78.14% of the stock is currently owned by institutional investors and hedge funds.

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.

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