Thomson Horstmann & Bryant Inc. lifted its position in shares of Heritage Financial Corp (NASDAQ:HFWA) by 4.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 439,447 shares of the financial services provider’s stock after buying an additional 18,007 shares during the period. Heritage Financial makes up 1.9% of Thomson Horstmann & Bryant Inc.’s holdings, making the stock its 5th largest holding. Thomson Horstmann & Bryant Inc.’s holdings in Heritage Financial were worth $15,446,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in HFWA. Sei Investments Co. boosted its stake in shares of Heritage Financial by 61.5% during the 2nd quarter. Sei Investments Co. now owns 4,919 shares of the financial services provider’s stock worth $172,000 after acquiring an additional 1,873 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Heritage Financial during the 2nd quarter worth approximately $211,000. Marshall & Sullivan Inc. WA boosted its stake in shares of Heritage Financial by 1,948.0% during the 3rd quarter. Marshall & Sullivan Inc. WA now owns 6,144 shares of the financial services provider’s stock worth $216,000 after acquiring an additional 5,844 shares in the last quarter. Teachers Retirement System of The State of Kentucky purchased a new stake in shares of Heritage Financial during the 3rd quarter worth approximately $228,000. Finally, Piedmont Investment Advisors LLC purchased a new stake in shares of Heritage Financial during the 2nd quarter worth approximately $235,000. 82.43% of the stock is currently owned by institutional investors and hedge funds.

In other Heritage Financial news, Director Lisa Banner sold 1,326 shares of the stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $33.44, for a total transaction of $44,341.44. Following the transaction, the director now owns 2,387 shares of the company’s stock, valued at approximately $79,821.28. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John A. Clees sold 1,000 shares of the stock in a transaction on Monday, August 27th. The stock was sold at an average price of $36.26, for a total value of $36,260.00. Following the transaction, the director now directly owns 45,209 shares in the company, valued at approximately $1,639,278.34. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,941 shares of company stock worth $103,141. 1.80% of the stock is owned by corporate insiders.

Several brokerages have recently commented on HFWA. BidaskClub raised Heritage Financial from a “sell” rating to a “hold” rating in a research note on Tuesday. Zacks Investment Research lowered Heritage Financial from a “buy” rating to a “hold” rating in a research note on Friday, July 27th. Keefe, Bruyette & Woods lowered Heritage Financial from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 26th. Finally, ValuEngine lowered Heritage Financial from a “buy” rating to a “hold” rating in a research note on Thursday, October 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $36.25.

HFWA stock opened at $34.39 on Tuesday. Heritage Financial Corp has a 1 year low of $28.46 and a 1 year high of $37.40. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market capitalization of $1.26 billion, a P/E ratio of 23.24, a P/E/G ratio of 2.73 and a beta of 0.55.

Heritage Financial (NASDAQ:HFWA) last posted its earnings results on Thursday, October 25th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. Heritage Financial had a return on equity of 8.92% and a net margin of 20.10%. The firm had revenue of $59.18 million for the quarter, compared to analyst estimates of $57.63 million. Analysts expect that Heritage Financial Corp will post 1.79 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 21st. Investors of record on Wednesday, November 7th will be paid a $0.17 dividend. The ex-dividend date is Tuesday, November 6th. This represents a $0.68 dividend on an annualized basis and a yield of 1.98%. This is a positive change from Heritage Financial’s previous quarterly dividend of $0.15. Heritage Financial’s dividend payout ratio is presently 45.95%.

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About Heritage Financial

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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Institutional Ownership by Quarter for Heritage Financial (NASDAQ:HFWA)

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