Heritage Financial (NASDAQ:HFWA) was upgraded by equities research analysts at FIG Partners from a “market-perform” rating to an “outperform” rating in a report released on Tuesday. FIG Partners also issued estimates for Heritage Financial’s Q3 2018 earnings at $0.42 EPS, Q4 2018 earnings at $0.46 EPS, FY2018 earnings at $1.51 EPS, Q1 2019 earnings at $0.48 EPS, Q2 2019 earnings at $0.46 EPS, Q3 2019 earnings at $0.49 EPS and FY2019 earnings at $1.93 EPS.

HFWA has been the subject of a number of other research reports. BidaskClub downgraded shares of Heritage Financial from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 7th. ValuEngine upgraded shares of Heritage Financial from a “hold” rating to a “buy” rating in a report on Friday, September 1st. DA Davidson raised their price target on shares of Heritage Financial from $35.00 to $36.00 and gave the company a “buy” rating in a report on Tuesday, November 7th. Zacks Investment Research upgraded shares of Heritage Financial from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a report on Monday, October 30th. Finally, Piper Jaffray Companies set a $29.00 price target on shares of Heritage Financial and gave the company a “hold” rating in a report on Monday, August 14th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $31.75.

Heritage Financial (HFWA) traded down $0.35 during mid-day trading on Tuesday, reaching $31.20. 283,500 shares of the company’s stock were exchanged, compared to its average volume of 132,983. Heritage Financial has a 12 month low of $22.50 and a 12 month high of $33.25. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.27. The stock has a market cap of $944.27, a P/E ratio of 22.86, a price-to-earnings-growth ratio of 2.23 and a beta of 0.47.

Heritage Financial (NASDAQ:HFWA) last released its earnings results on Thursday, October 26th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.35. Heritage Financial had a net margin of 23.48% and a return on equity of 8.42%. The company had revenue of $43.39 million during the quarter, compared to the consensus estimate of $42.85 million. analysts expect that Heritage Financial will post 1.42 EPS for the current fiscal year.

In related news, Director John A. Clees sold 1,000 shares of Heritage Financial stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $30.01, for a total value of $30,010.00. Following the transaction, the director now owns 47,042 shares in the company, valued at approximately $1,411,730.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Brian L. Vance sold 5,636 shares of Heritage Financial stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $30.76, for a total transaction of $173,363.36. Following the completion of the transaction, the director now owns 142,011 shares in the company, valued at approximately $4,368,258.36. The disclosure for this sale can be found here. Insiders sold a total of 21,636 shares of company stock worth $667,583 in the last quarter. Insiders own 2.70% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its position in Heritage Financial by 6.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,725,844 shares of the financial services provider’s stock worth $50,913,000 after purchasing an additional 106,130 shares during the last quarter. Vanguard Group Inc. grew its position in Heritage Financial by 6.1% in the 1st quarter. Vanguard Group Inc. now owns 1,215,131 shares of the financial services provider’s stock worth $30,074,000 after purchasing an additional 69,982 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Heritage Financial by 1.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 695,478 shares of the financial services provider’s stock worth $18,430,000 after purchasing an additional 11,574 shares during the last quarter. Bank of New York Mellon Corp grew its position in Heritage Financial by 41.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 656,280 shares of the financial services provider’s stock worth $19,360,000 after purchasing an additional 193,027 shares during the last quarter. Finally, Schroder Investment Management Group grew its position in Heritage Financial by 0.3% in the 3rd quarter. Schroder Investment Management Group now owns 637,262 shares of the financial services provider’s stock worth $18,895,000 after purchasing an additional 2,050 shares during the last quarter. Hedge funds and other institutional investors own 78.15% of the company’s stock.

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About Heritage Financial

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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