Campbell & CO Investment Adviser LLC Acquires New Stake in Heritage Financial Corporation $HFWA

Campbell & CO Investment Adviser LLC bought a new position in shares of Heritage Financial Corporation (NASDAQ:HFWA) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 21,154 shares of the financial services provider’s stock, valued at approximately $504,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Y Intercept Hong Kong Ltd bought a new stake in shares of Heritage Financial during the 1st quarter valued at about $844,000. Strs Ohio purchased a new stake in Heritage Financial in the first quarter valued at approximately $613,000. Penn Capital Management Company LLC bought a new stake in Heritage Financial during the first quarter valued at approximately $631,000. Public Sector Pension Investment Board grew its stake in Heritage Financial by 26.7% in the 1st quarter. Public Sector Pension Investment Board now owns 107,826 shares of the financial services provider’s stock worth $2,623,000 after buying an additional 22,718 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of Heritage Financial in the 1st quarter worth $2,491,000. Hedge funds and other institutional investors own 78.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on HFWA shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Heritage Financial in a report on Wednesday, October 8th. DA Davidson set a $29.00 price objective on Heritage Financial in a report on Monday, September 29th. Zacks Research upgraded Heritage Financial from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 3rd. Wall Street Zen upgraded Heritage Financial from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Keefe, Bruyette & Woods upped their target price on Heritage Financial from $26.00 to $28.00 and gave the stock a “market perform” rating in a research note on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $29.33.

Heritage Financial Stock Up 0.1%

HFWA opened at $22.22 on Friday. Heritage Financial Corporation has a 12 month low of $19.84 and a 12 month high of $27.58. The company has a current ratio of 0.84, a quick ratio of 0.85 and a debt-to-equity ratio of 0.18. The business’s 50-day moving average price is $23.51 and its 200-day moving average price is $23.68. The company has a market cap of $754.52 million, a P/E ratio of 13.47 and a beta of 0.57.

Heritage Financial (NASDAQ:HFWA) last posted its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.56. The business had revenue of $65.70 million for the quarter, compared to analyst estimates of $65.25 million. Heritage Financial had a return on equity of 8.21% and a net margin of 17.27%. On average, equities analysts expect that Heritage Financial Corporation will post 2.09 EPS for the current year.

Heritage Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 19th. Investors of record on Wednesday, November 5th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Wednesday, November 5th. Heritage Financial’s payout ratio is presently 58.18%.

About Heritage Financial

Heritage Financial Corporation operates as the bank holding company for Heritage Bank that provides various financial services to small and medium sized businesses and individuals in the United States. It accepts various deposit products, such as noninterest demand deposits, interest bearing demand deposits, money market accounts, savings accounts, personal checking accounts, and certificates of deposit.