Heritage Financial (NASDAQ:HFWA) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

Several other brokerages also recently weighed in on HFWA. Zacks Investment Research upgraded Heritage Financial from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research note on Wednesday, September 27th. FIG Partners upgraded Heritage Financial from a “market-perform” rating to an “outperform” rating in a research note on Tuesday. DA Davidson lifted their target price on Heritage Financial from $35.00 to $36.00 and gave the company a “buy” rating in a research note on Tuesday, November 7th. Finally, ValuEngine upgraded Heritage Financial from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $31.75.

Heritage Financial (NASDAQ HFWA) opened at $31.75 on Friday. Heritage Financial has a 12 month low of $22.50 and a 12 month high of $33.25. The firm has a market capitalization of $950.25, a P/E ratio of 22.61, a price-to-earnings-growth ratio of 2.20 and a beta of 0.47. 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 (NASDAQ:HFWA) last announced its earnings results on Thursday, October 26th. The financial services provider reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. Heritage Financial had a return on equity of 8.42% and a net margin of 23.48%. The company had revenue of $43.39 million for the quarter, compared to the consensus estimate of $42.85 million. equities research analysts predict that Heritage Financial will post 1.42 earnings per share for the current fiscal year.

In other news, Director Anthony Pickering sold 11,000 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $30.76, for a total value of $338,360.00. Following the completion of the sale, the director now directly owns 48,085 shares of the company’s stock, valued at approximately $1,479,094.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John A. Clees sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were 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 21,636 shares of company stock valued at $667,583 over the last three months. Insiders own 2.70% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. MUFG Americas Holdings Corp lifted its holdings in shares of Heritage Financial by 1.2% in the 2nd quarter. MUFG Americas Holdings Corp now owns 3,952 shares of the financial services provider’s stock valued at $105,000 after buying an additional 45 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Heritage Financial in the 3rd quarter valued at approximately $131,000. Legal & General Group Plc lifted its holdings in shares of Heritage Financial by 4.2% in the 2nd quarter. Legal & General Group Plc now owns 7,369 shares of the financial services provider’s stock valued at $195,000 after buying an additional 297 shares during the period. Aperio Group LLC acquired a new stake in shares of Heritage Financial in the 2nd quarter valued at approximately $217,000. Finally, Susquehanna International Group LLP acquired a new stake in shares of Heritage Financial in the 2nd quarter valued at approximately $226,000. 78.15% of the stock is owned by institutional investors and hedge funds.

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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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