Eagle Asset Management Inc. raised its holdings in shares of Heritage Financial Corp (NASDAQ:HFWA) by 7.6% during the third quarter, Holdings Channel reports. The fund owned 479,838 shares of the financial services provider’s stock after buying an additional 33,815 shares during the period. Eagle Asset Management Inc.’s holdings in Heritage Financial were worth $16,866,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. BlackRock Inc. grew its position in Heritage Financial by 111.0% during the second quarter. BlackRock Inc. now owns 4,415,298 shares of the financial services provider’s stock valued at $153,872,000 after acquiring an additional 2,322,856 shares during the last quarter. Bank of New York Mellon Corp grew its position 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 valued at $27,912,000 after acquiring an additional 166,844 shares during the last quarter. Waddell & Reed Financial Inc. grew its position 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 valued at $21,722,000 after acquiring an additional 24,420 shares during the last quarter. Northern Trust Corp grew its position in Heritage Financial by 9.0% during the second quarter. Northern Trust Corp now owns 572,632 shares of the financial services provider’s stock valued at $19,957,000 after acquiring an additional 47,270 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in Heritage Financial by 46.5% during the second quarter. Wells Fargo & Company MN now owns 253,425 shares of the financial services provider’s stock valued at $8,832,000 after acquiring an additional 80,436 shares during the last quarter. Institutional investors and hedge funds own 82.43% of the company’s stock.

Shares of Heritage Financial stock opened at $33.89 on Wednesday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.03. Heritage Financial Corp has a 52-week low of $28.46 and a 52-week high of $37.40. The company has a market capitalization of $1.27 billion, a PE ratio of 20.59, a PEG ratio of 2.74 and a beta of 0.55.

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

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 21st. Stockholders of record on Wednesday, November 7th will be issued a $0.17 dividend. This is a boost from Heritage Financial’s previous quarterly dividend of $0.15. The ex-dividend date is Tuesday, November 6th. This represents a $0.68 annualized dividend and a dividend yield of 2.01%. Heritage Financial’s dividend payout ratio (DPR) is currently 45.95%.

In other news, Director Lisa Banner sold 1,326 shares of the firm’s stock in a transaction that occurred on Thursday, November 15th. The shares were sold at an average price of $33.44, for a total value of $44,341.44. Following the transaction, the director now owns 2,387 shares in the company, valued at $79,821.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John A. Clees sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $36.26, for a total transaction of $36,260.00. Following the completion of the transaction, the director now owns 45,209 shares in the company, valued at approximately $1,639,278.34. The disclosure for this sale can be found here. Insiders sold 2,941 shares of company stock worth $103,141 in the last 90 days. Company insiders own 1.80% of the company’s stock.

A number of research analysts have commented on HFWA shares. BidaskClub cut shares of Heritage Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, August 29th. Zacks Investment Research cut shares of Heritage Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, October 31st. ValuEngine upgraded shares of Heritage Financial from a “hold” rating to a “buy” rating in a research report on Friday, November 16th. Finally, Keefe, Bruyette & Woods cut shares of Heritage Financial from an “outperform” rating to a “market perform” rating in a report on Thursday, July 26th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Heritage Financial presently has a consensus rating of “Buy” and an average price target of $36.25.

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

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