BidaskClub lowered shares of Heritage Financial (NASDAQ:HFWA) from a strong-buy rating to a buy rating in a research note published on Thursday.

Several other analysts also recently issued reports on the stock. ValuEngine raised shares of Heritage Financial from a hold rating to a buy rating in a research report on Friday, September 1st. DA Davidson increased their price objective on shares of Heritage Financial from $35.00 to $36.00 and gave the company a buy rating in a research report on Tuesday, November 7th. Zacks Investment Research raised shares of Heritage Financial from a hold rating to a buy rating and set a $35.00 price objective for the company in a research report on Monday, October 30th. Finally, Piper Jaffray Companies set a $29.00 target price on Heritage Financial and gave the company a hold rating in a research note on Monday, August 14th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $31.75.

Shares of Heritage Financial (NASDAQ:HFWA) traded up $0.05 during trading hours on Thursday, reaching $31.35. 232,483 shares of the company’s stock traded hands, compared to its average volume of 132,120. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.85 and a quick ratio of 0.85. Heritage Financial has a one year low of $22.50 and a one year high of $33.25. The firm has a market capitalization 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 issued its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, meeting 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 company had revenue of $43.39 million during the quarter, compared to the consensus estimate of $42.85 million. equities research analysts anticipate that Heritage Financial will post 1.42 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 8th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.66%. The ex-dividend date was Tuesday, November 7th. Heritage Financial’s dividend payout ratio (DPR) is currently 37.68%.

In related news, Director Anthony Pickering sold 11,000 shares of the firm’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $30.76, for a total transaction of $338,360.00. Following the transaction, the director now directly owns 48,085 shares in the company, valued at $1,479,094.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brian Charneski sold 2,000 shares of the firm’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $31.78, for a total value of $63,560.00. Following the transaction, the director now owns 29,602 shares in the company, valued at $940,751.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,636 shares of company stock valued at $667,583. Company insiders own 2.70% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. MUFG Americas Holdings Corp lifted its stake in Heritage Financial by 1.2% during the second quarter. MUFG Americas Holdings Corp now owns 3,952 shares of the financial services provider’s stock worth $105,000 after purchasing an additional 45 shares during the last quarter. Alps Advisors Inc. lifted its stake in Heritage Financial by 0.3% during the second quarter. Alps Advisors Inc. now owns 20,120 shares of the financial services provider’s stock worth $533,000 after purchasing an additional 52 shares during the last quarter. Legal & General Group Plc lifted its stake in Heritage Financial by 4.2% during the second quarter. Legal & General Group Plc now owns 7,369 shares of the financial services provider’s stock worth $195,000 after purchasing an additional 297 shares during the last quarter. Pinnacle Associates Ltd. lifted its stake in Heritage Financial by 2.9% during the second quarter. Pinnacle Associates Ltd. now owns 10,600 shares of the financial services provider’s stock worth $281,000 after purchasing an additional 300 shares during the last quarter. Finally, PDT Partners LLC lifted its stake in Heritage Financial by 2.1% during the second quarter. PDT Partners LLC now owns 19,290 shares of the financial services provider’s stock worth $511,000 after purchasing an additional 390 shares during the last quarter. Hedge funds and other institutional investors own 78.15% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Heritage Financial (HFWA) Downgraded by BidaskClub to “Buy”” was first posted by Watch List News and is the property of of Watch List News. If you are reading this story on another domain, it was illegally stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at https://www.watchlistnews.com/heritage-financial-hfwa-downgraded-by-bidaskclub-to-buy/1752637.html.

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.

Receive News & Ratings for Heritage Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heritage Financial Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.