Heritage Financial (NASDAQ:HFWA)‘s stock had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies in a research report issued to clients and investors on Tuesday. They presently have a $33.00 price target on the financial services provider’s stock. Piper Jaffray Companies’ price objective indicates a potential upside of 6.97% from the stock’s current price.

Several other analysts have also recently issued reports on HFWA. ValuEngine raised shares of Heritage Financial from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Zacks Investment Research raised shares of Heritage Financial from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research report on Wednesday, September 27th. BidaskClub cut shares of Heritage Financial from a “buy” rating to a “hold” rating in a research report on Friday, December 29th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $33.00 price target on shares of Heritage Financial in a research report on Friday, December 22nd. Finally, DA Davidson increased their price target on shares of Heritage Financial from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Tuesday, November 7th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $34.25.

Heritage Financial (NASDAQ:HFWA) opened at $30.85 on Tuesday. Heritage Financial has a 1 year low of $22.50 and a 1 year high of $33.25. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market cap of $923.31, a PE ratio of 22.19, a price-to-earnings-growth ratio of 1.85 and a beta of 0.47.

Heritage Financial (NASDAQ:HFWA) last issued its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.35. The business had revenue of $43.39 million for the quarter, compared to analysts’ expectations of $42.85 million. Heritage Financial had a net margin of 23.48% and a return on equity of 8.42%. equities research analysts forecast that Heritage Financial will post 1.42 EPS for the current fiscal year.

In related news, Director Anthony Pickering sold 11,000 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $30.76, for a total transaction of $338,360.00. Following the sale, the director now directly owns 48,085 shares in the company, valued at $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 Brian Charneski sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $31.78, for a total transaction of $63,560.00. Following the sale, the director now owns 29,602 shares in the company, valued at $940,751.56. The disclosure for this sale can be found here. Insiders have sold 21,636 shares of company stock worth $667,583 in the last three months. Corporate insiders own 2.70% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its stake in shares of Heritage Financial by 6.6% during the third quarter. Dimensional Fund Advisors LP now owns 1,725,844 shares of the financial services provider’s stock worth $50,913,000 after buying an additional 106,130 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Heritage Financial by 1.7% during the second quarter. The Manufacturers Life Insurance Company now owns 695,478 shares of the financial services provider’s stock worth $18,430,000 after buying an additional 11,574 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Heritage Financial by 41.7% during the third quarter. Bank of New York Mellon Corp now owns 656,280 shares of the financial services provider’s stock worth $19,360,000 after buying an additional 193,027 shares during the period. Schroder Investment Management Group increased its stake in shares of Heritage Financial by 0.3% during the third quarter. Schroder Investment Management Group now owns 637,262 shares of the financial services provider’s stock worth $18,895,000 after buying an additional 2,050 shares during the period. Finally, State Street Corp increased its stake in shares of Heritage Financial by 5.0% during the second quarter. State Street Corp now owns 571,333 shares of the financial services provider’s stock worth $15,144,000 after buying an additional 27,390 shares during the period. Hedge funds and other institutional investors own 78.13% of the company’s stock.

WARNING: “Heritage Financial (HFWA) Given “Hold” Rating at Piper Jaffray Companies” was published by Watch List News and is the sole property of of Watch List News. If you are viewing this article on another website, it was illegally stolen and reposted in violation of US & international copyright law. The legal version of this article can be viewed at https://www.watchlistnews.com/heritage-financial-hfwa-given-hold-rating-at-piper-jaffray-companies/1799322.html.

About Heritage Financial

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