Heritage Financial Corporation (HFWA) Given Daily News Impact Rating of 0.24
Headlines about Heritage Financial Corporation (NASDAQ:HFWA) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Heritage Financial Corporation earned a media sentiment score of 0.24 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 46.6986982231132 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Several research firms recently issued reports on HFWA. Zacks Investment Research upgraded Heritage Financial Corporation from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Friday, July 28th. ValuEngine upgraded Heritage Financial Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Piper Jaffray Companies set a $29.00 target price on Heritage Financial Corporation and gave the stock a “hold” rating in a report on Monday, August 14th. Finally, BidaskClub lowered Heritage Financial Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $29.33.
Heritage Financial Corporation (NASDAQ:HFWA) opened at 29.20 on Friday. Heritage Financial Corporation has a 12 month low of $17.75 and a 12 month high of $30.00. The firm’s 50-day moving average price is $27.34 and its 200-day moving average price is $25.91. The firm has a market cap of $869.58 million, a P/E ratio of 20.86 and a beta of 0.50.
Heritage Financial Corporation (NASDAQ:HFWA) last posted its earnings results on Wednesday, July 26th. The financial services provider reported $0.39 EPS for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $44.84 million for the quarter, compared to analysts’ expectations of $41.59 million. On average, equities research analysts expect that Heritage Financial Corporation will post $1.42 EPS for the current fiscal year.
In other Heritage Financial Corporation news, Director John A. Clees sold 2,000 shares of Heritage Financial Corporation stock in a transaction that occurred 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 owns 49,042 shares of the company’s stock, valued at approximately $1,337,865.76. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.70% of the stock is owned by company insiders.
Heritage Financial Corporation 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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