Citadel Advisors LLC lifted its holdings in shares of Heritage Financial Corporation (NASDAQ:HFWA) by 45.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,288 shares of the financial services provider’s stock after purchasing an additional 4,800 shares during the quarter. Citadel Advisors LLC owned about 0.05% of Heritage Financial Corporation worth $405,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Parkwood LLC boosted its holdings in shares of Heritage Financial Corporation by 14.8% during the second quarter. Parkwood LLC now owns 9,478 shares of the financial services provider’s stock worth $251,000 after purchasing an additional 1,225 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Heritage Financial Corporation by 5.3% during the first quarter. Schwab Charles Investment Management Inc. now owns 101,730 shares of the financial services provider’s stock worth $2,518,000 after purchasing an additional 5,130 shares during the last quarter. Schroder Investment Management Group boosted its holdings in shares of Heritage Financial Corporation by 3.3% during the second quarter. Schroder Investment Management Group now owns 635,212 shares of the financial services provider’s stock worth $16,833,000 after purchasing an additional 20,273 shares during the last quarter. Systematic Financial Management LP boosted its holdings in shares of Heritage Financial Corporation by 8.7% during the second quarter. Systematic Financial Management LP now owns 60,450 shares of the financial services provider’s stock worth $1,602,000 after purchasing an additional 4,855 shares during the last quarter. Finally, Swiss National Bank boosted its holdings in shares of Heritage Financial Corporation by 3.6% during the first quarter. Swiss National Bank now owns 49,368 shares of the financial services provider’s stock worth $1,222,000 after purchasing an additional 1,700 shares during the last quarter. Institutional investors and hedge funds own 75.92% of the company’s stock.

Heritage Financial Corporation (NASDAQ:HFWA) opened at 29.35 on Wednesday. Heritage Financial Corporation has a one year low of $17.75 and a one year high of $30.00. The company has a 50-day moving average price of $27.62 and a 200-day moving average price of $26.08. The firm has a market cap of $874.04 million, a PE ratio of 20.96 and a beta of 0.50.

Heritage Financial Corporation (NASDAQ:HFWA) last posted its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.39 EPS for the quarter, beating the consensus estimate of $0.32 by $0.07. Heritage Financial Corporation had a net margin of 23.81% and a return on equity of 8.56%. The business had revenue of $44.84 million for the quarter, compared to analysts’ expectations of $41.59 million. Equities analysts predict that Heritage Financial Corporation will post $1.42 earnings per share for the current fiscal year.

In other news, Director John A. Clees sold 2,000 shares of the business’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $27.28, for a total transaction of $54,560.00. Following the transaction, the director now directly owns 49,042 shares in the company, valued at approximately $1,337,865.76. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 2.70% of the company’s stock.

Several research firms have recently issued reports on HFWA. Zacks Investment Research cut Heritage Financial Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. BidaskClub cut Heritage Financial Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Piper Jaffray Companies restated a “hold” rating and set a $25.00 price objective on shares of Heritage Financial Corporation in a report on Wednesday, July 12th. Finally, ValuEngine upgraded Heritage Financial Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Heritage Financial Corporation currently has a consensus rating of “Hold” and an average price target of $29.33.

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Heritage Financial Corporation Profile

Heritage Financial Corporation is a bank holding company. The Company is engaged in the business of planning, directing and coordinating the business activities of its bank subsidiary, Heritage Bank (the Bank). The Bank’s lending activities focus on commercial business lending. The Bank also originates consumer loans, real estate construction and land development loans, and one- to four-family residential loans.

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

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