Heritage Financial Corporation (HFWA) Director John A. Clees Sells 1,000 Shares
Heritage Financial Corporation (NASDAQ:HFWA) Director John A. Clees sold 1,000 shares of the stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $31.07, for a total transaction of $31,070.00. Following the sale, the director now owns 46,042 shares of the company’s stock, valued at $1,430,524.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Heritage Financial Corporation (NASDAQ HFWA) traded up $0.55 on Wednesday, reaching $31.50. 274,300 shares of the company’s stock traded hands, compared to its average volume of 129,367. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.27. Heritage Financial Corporation has a twelve month low of $22.15 and a twelve month high of $31.65. The stock has a market capitalization of $940.52, a price-to-earnings ratio of 22.25, a PEG ratio of 2.17 and a beta of 0.44.
Heritage Financial (NASDAQ:HFWA) last issued its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.35 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.35. Heritage Financial had a net margin of 23.48% and a return on equity of 8.42%. The business had revenue of $43.39 million during the quarter, compared to analyst estimates of $42.85 million. analysts anticipate that Heritage Financial Corporation will post 1.42 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Wednesday, November 8th were issued a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, November 7th. This represents a $0.52 annualized dividend and a yield of 1.65%. Heritage Financial’s dividend payout ratio (DPR) is presently 37.41%.
A number of institutional investors and hedge funds have recently modified their holdings of the business. MUFG Americas Holdings Corp lifted its holdings in Heritage Financial by 1.2% in the second quarter. MUFG Americas Holdings Corp now owns 3,952 shares of the financial services provider’s stock worth $105,000 after buying an additional 45 shares during the period. Alps Advisors Inc. lifted its holdings in Heritage Financial by 0.3% in the second quarter. Alps Advisors Inc. now owns 20,120 shares of the financial services provider’s stock worth $533,000 after buying an additional 52 shares during the period. Legal & General Group Plc lifted its holdings in Heritage Financial by 4.2% in the second quarter. Legal & General Group Plc now owns 7,369 shares of the financial services provider’s stock worth $195,000 after buying an additional 297 shares during the period. Pinnacle Associates Ltd. lifted its holdings in Heritage Financial by 2.9% in the second quarter. Pinnacle Associates Ltd. now owns 10,600 shares of the financial services provider’s stock worth $281,000 after buying an additional 300 shares during the period. Finally, PDT Partners LLC lifted its holdings in Heritage Financial by 2.1% in the second quarter. PDT Partners LLC now owns 19,290 shares of the financial services provider’s stock worth $511,000 after buying an additional 390 shares during the period. Institutional investors and hedge funds own 78.10% of the company’s stock.
HFWA has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Heritage Financial from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a report on Wednesday, September 27th. Piper Jaffray Companies set a $29.00 target price on shares of Heritage Financial and gave the stock a “hold” rating in a report on Monday, August 14th. DA Davidson increased their target price on shares of Heritage Financial from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Tuesday, November 7th. Finally, ValuEngine upgraded shares of Heritage Financial from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Heritage Financial currently has an average rating of “Buy” and an average target price of $31.75.
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Heritage Financial Company 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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