Heritage Financial (NASDAQ:HFWA) EVP Tony Chalfant Sells 4,668 Shares of Stock

Heritage Financial Corporation (NASDAQ:HFWA) EVP Tony Chalfant sold 4,668 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $27.65, for a total value of $129,070.20. Following the sale, the executive vice president owned 19,870 shares in the company, valued at $549,405.50. The trade was a 19.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Heritage Financial Price Performance

Shares of Heritage Financial stock opened at $27.80 on Thursday. The business’s 50 day simple moving average is $25.32 and its two-hundred day simple moving average is $24.13. Heritage Financial Corporation has a one year low of $19.84 and a one year high of $28.44. The stock has a market capitalization of $944.00 million, a P/E ratio of 14.18 and a beta of 0.53. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.83 and a quick ratio of 0.84.

Heritage Financial (NASDAQ:HFWA) last released its earnings results on Thursday, January 22nd. The financial services provider reported $0.66 EPS for the quarter, topping the consensus estimate of $0.57 by $0.09. Heritage Financial had a return on equity of 8.61% and a net margin of 20.10%.The business had revenue of $66.35 million for the quarter, compared to the consensus estimate of $65.95 million. Analysts forecast that Heritage Financial Corporation will post 2.09 EPS for the current year.

Heritage Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 11th. Investors of record on Wednesday, January 28th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Wednesday, January 28th. This represents a $0.96 dividend on an annualized basis and a yield of 3.5%. Heritage Financial’s dividend payout ratio is presently 48.98%.

Institutional Investors Weigh In On Heritage Financial

A number of hedge funds have recently modified their holdings of the company. Hantz Financial Services Inc. grew its position 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 valued at $40,000 after buying an additional 1,255 shares during the last quarter. EverSource Wealth Advisors LLC boosted 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 in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of 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 worth $69,000 after purchasing an additional 1,431 shares during the last quarter. GAMMA Investing LLC increased its position in shares of 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 in the last quarter. Finally, CWM LLC increased its position in shares of Heritage Financial by 100.5% during the third quarter. CWM LLC now owns 7,657 shares of the financial services provider’s stock worth $185,000 after purchasing an additional 3,838 shares in the last quarter. Hedge funds and other institutional investors own 78.30% of the company’s stock.

Analyst Upgrades and Downgrades

HFWA has been the topic of several recent analyst reports. Zacks Research downgraded Heritage Financial from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 25th. DA Davidson boosted their price target on Heritage Financial from $29.00 to $32.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Stephens upped their target price on Heritage Financial from $28.00 to $30.00 and gave the stock an “equal weight” rating in a report on Monday, January 26th. Wall Street Zen upgraded shares of Heritage Financial from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Heritage Financial in a research report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $31.25.

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.