Heritage Financial Corporation $HFWA Holdings Decreased by Versor Investments LP

Versor Investments LP trimmed its position in Heritage Financial Corporation (NASDAQ:HFWA) by 10.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,200 shares of the financial services provider’s stock after selling 3,800 shares during the quarter. Versor Investments LP owned approximately 0.10% of Heritage Financial worth $815,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC boosted its position in Heritage Financial by 45.3% during the 1st quarter. GAMMA Investing LLC now owns 2,972 shares of the financial services provider’s stock valued at $72,000 after purchasing an additional 927 shares during the period. CWM LLC boosted its position in Heritage Financial by 14.8% during the 1st quarter. CWM LLC now owns 4,042 shares of the financial services provider’s stock valued at $98,000 after purchasing an additional 520 shares during the period. Marshall & Sullivan Inc. WA acquired a new position in Heritage Financial during the 2nd quarter valued at approximately $146,000. Zions Bancorporation National Association UT acquired a new position in Heritage Financial during the 1st quarter valued at approximately $167,000. Finally, Ieq Capital LLC boosted its position in Heritage Financial by 8.3% during the 1st quarter. Ieq Capital LLC now owns 12,115 shares of the financial services provider’s stock valued at $295,000 after purchasing an additional 925 shares during the period. 78.30% of the stock is currently owned by institutional investors.

Heritage Financial Trading Up 1.7%

Shares of HFWA stock opened at $22.57 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.85 and a current ratio of 0.84. Heritage Financial Corporation has a 1 year low of $19.84 and a 1 year high of $27.58. The stock has a fifty day moving average of $23.92 and a two-hundred day moving average of $23.70. The firm has a market capitalization of $766.32 million, a PE ratio of 13.68 and a beta of 0.53.

Heritage Financial (NASDAQ:HFWA) last announced its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.56. Heritage Financial had a return on equity of 8.21% and a net margin of 17.27%.The company had revenue of $65.70 million during the quarter, compared to analyst estimates of $65.25 million. As a group, research analysts expect that Heritage Financial Corporation will post 2.09 EPS for the current year.

Heritage Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 19th. Stockholders of record on Wednesday, November 5th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Wednesday, November 5th. Heritage Financial’s payout ratio is currently 58.18%.

Analysts Set New Price Targets

A number of research firms recently issued reports on HFWA. Wall Street Zen lowered Heritage Financial from a “hold” rating to a “sell” rating in a research report on Saturday, July 26th. Keefe, Bruyette & Woods boosted their price objective on Heritage Financial from $26.00 to $28.00 and gave the company a “market perform” rating in a research report on Monday, September 29th. Zacks Research upgraded Heritage Financial from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Heritage Financial in a research report on Wednesday, October 8th. Finally, DA Davidson set a $29.00 price target on Heritage Financial in a research report on Monday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.33.

About Heritage Financial

Heritage Financial Corporation operates as the bank holding company for Heritage Bank that provides various financial services to small and medium sized businesses and individuals in the United States. It accepts various deposit products, such as noninterest demand deposits, interest bearing demand deposits, money market accounts, savings accounts, personal checking accounts, and certificates of deposit.