Heritage Financial Corp (HFWA) Stake Lifted by Chicago Equity Partners LLC
Chicago Equity Partners LLC increased its holdings in shares of Heritage Financial Corp (NASDAQ:HFWA) by 37.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,015 shares of the financial services provider’s stock after buying an additional 24,525 shares during the period. Chicago Equity Partners LLC’s holdings in Heritage Financial were worth $2,772,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in HFWA. Bank of New York Mellon Corp lifted its position in shares of Heritage Financial by 41.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 656,280 shares of the financial services provider’s stock valued at $19,360,000 after buying an additional 193,027 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Heritage Financial by 7.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,619,714 shares of the financial services provider’s stock valued at $42,923,000 after buying an additional 110,898 shares in the last quarter. 361 Capital LLC purchased a new position in Heritage Financial in the 3rd quarter valued at $2,166,000. OxFORD Asset Management LLP purchased a new position in Heritage Financial in the 3rd quarter valued at $1,084,000. Finally, Bowling Portfolio Management LLC purchased a new position in Heritage Financial in the 4th quarter valued at $1,059,000. Hedge funds and other institutional investors own 68.14% of the company’s stock.
In other Heritage Financial news, Director Brian L. Vance sold 5,636 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $30.76, for a total value of $173,363.36. Following the completion of the sale, the director now directly owns 142,011 shares of the company’s stock, valued at approximately $4,368,258.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John A. Clees sold 1,000 shares of the firm’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $30.01, for a total value of $30,010.00. Following the completion of the sale, the director now directly owns 47,042 shares of the company’s stock, valued at $1,411,730.42. The disclosure for this sale can be found here. Insiders sold a total of 10,636 shares of company stock valued at $329,223 over the last ninety days. Corporate insiders own 2.70% of the company’s stock.
Heritage Financial Corp (NASDAQ:HFWA) opened at $31.25 on Monday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $1,063.81, a price-to-earnings ratio of 24.41, a price-to-earnings-growth ratio of 1.74 and a beta of 0.50. Heritage Financial Corp has a fifty-two week low of $22.50 and a fifty-two week high of $33.25.
Heritage Financial (NASDAQ:HFWA) last announced its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. Heritage Financial had a return on equity of 8.90% and a net margin of 21.16%. The company had revenue of $46.22 million for the quarter, compared to analyst estimates of $43.74 million. equities research analysts forecast that Heritage Financial Corp will post 1.79 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 21st. Shareholders of record on Wednesday, February 7th will be paid a $0.15 dividend. The ex-dividend date is Tuesday, February 6th. This is an increase from Heritage Financial’s previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.92%. Heritage Financial’s dividend payout ratio (DPR) is 40.63%.
TRADEMARK VIOLATION WARNING: “Heritage Financial Corp (HFWA) Stake Lifted by Chicago Equity Partners LLC” was published by Watch List News and is owned by of Watch List News. If you are accessing this piece on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this piece can be read at https://www.watchlistnews.com/heritage-financial-corp-hfwa-stake-lifted-by-chicago-equity-partners-llc/1845404.html.
Heritage Financial 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.
Want to see what other hedge funds are holding HFWA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Heritage Financial Corp (NASDAQ:HFWA).
Receive News & Ratings for Heritage Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heritage Financial and related companies with MarketBeat.com's FREE daily email newsletter.