Heritage Financial (NASDAQ:HFWA) Director Sells $47,358.00 in Stock

Heritage Financial Corporation (NASDAQ:HFWA) Director Frederick Rivera sold 1,800 shares of the business’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $26.31, for a total transaction of $47,358.00. Following the transaction, the director directly owned 4,972 shares of the company’s stock, valued at approximately $130,813.32. This represents a 26.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Heritage Financial Trading Up 2.5%

Heritage Financial stock opened at $27.78 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.84 and a current ratio of 0.83. Heritage Financial Corporation has a 52 week low of $19.84 and a 52 week high of $28.35. The business’s 50-day simple moving average is $25.00 and its 200-day simple moving average is $24.03. The firm has a market capitalization of $943.33 million, a PE ratio of 14.17 and a beta of 0.53.

Heritage Financial (NASDAQ:HFWA) last released its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.09. The company had revenue of $66.35 million for the quarter, compared to the consensus estimate of $65.95 million. Heritage Financial had a return on equity of 8.61% and a net margin of 20.10%. Equities research analysts forecast that Heritage Financial Corporation will post 2.09 earnings per share for the current year.

Heritage Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 11th. Investors of record on Wednesday, January 28th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, January 28th. This represents a $0.96 annualized dividend and a yield of 3.5%. Heritage Financial’s dividend payout ratio (DPR) is presently 48.98%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HFWA. DA Davidson lifted their target price on Heritage Financial from $29.00 to $32.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Zacks Research cut shares of Heritage Financial from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Weiss Ratings restated a “hold (c)” rating on shares of Heritage Financial in a research report on Thursday, January 22nd. Stephens increased their price objective on shares of Heritage Financial from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Monday, January 26th. Finally, Wall Street Zen upgraded shares of Heritage Financial from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $31.25.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of HFWA. Hantz Financial Services Inc. increased its holdings in shares of Heritage Financial by 316.9% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,651 shares of the financial services provider’s stock worth $40,000 after buying an additional 1,255 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Heritage Financial by 27,871.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,958 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 1,951 shares during the last quarter. Tower Research Capital LLC TRC raised its position in Heritage Financial by 99.1% during the second quarter. Tower Research Capital LLC TRC now owns 2,875 shares of the financial services provider’s stock valued at $69,000 after purchasing an additional 1,431 shares in the last quarter. GAMMA Investing LLC lifted its stake in Heritage Financial by 20.8% during the fourth quarter. GAMMA Investing LLC now owns 5,171 shares of the financial services provider’s stock worth $122,000 after purchasing an additional 891 shares during the last quarter. Finally, CWM LLC increased its position in shares of Heritage Financial by 100.5% during the 3rd quarter. CWM LLC now owns 7,657 shares of the financial services provider’s stock valued at $185,000 after purchasing an additional 3,838 shares during the last quarter. 78.30% of the stock is currently owned by institutional investors.

About Heritage Financial

Heritage Financial Corporation (NASDAQ:HFWA) is a bank holding company headquartered in Spokane, Washington. Through its primary subsidiary, Heritage Bank, the company provides a comprehensive range of banking and financial services to both individual and commercial clients. Heritage Bank’s offerings encompass deposit products, lending solutions, treasury and cash management services, mortgage banking, and wealth management, positioning the organization as a full-service community bank.

The company’s lending portfolio includes commercial real estate loans, agricultural loans, small business administration (SBA) loans, construction and development financing, and a variety of consumer mortgage products.