Schroder Investment Management Group Increases Stake in Heritage Financial Corporation (HFWA)
Schroder Investment Management Group increased its holdings in Heritage Financial Corporation (NASDAQ:HFWA) by 0.3% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 637,262 shares of the financial services provider’s stock after purchasing an additional 2,050 shares during the period. Schroder Investment Management Group owned approximately 2.13% of Heritage Financial worth $18,895,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. MUFG Americas Holdings Corp boosted its stake 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 purchasing an additional 45 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Heritage Financial in the 3rd quarter valued at $131,000. Legal & General Group Plc boosted its stake 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 purchasing an additional 297 shares in the last quarter. Aperio Group LLC purchased a new stake in shares of Heritage Financial in the 2nd quarter valued at $217,000. Finally, Susquehanna International Group LLP purchased a new stake in shares of Heritage Financial in the 2nd quarter valued at $226,000. 78.15% of the stock is owned by institutional investors.
A number of equities research analysts have recently issued reports on HFWA shares. DA Davidson upped their price objective on shares of Heritage Financial from $35.00 to $36.00 and gave the company a “buy” rating in a research note 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 note on Monday, October 30th. Piper Jaffray Companies set a $29.00 price objective on shares of Heritage Financial and gave the company a “hold” rating in a research note on Monday, August 14th. Finally, ValuEngine raised shares of 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 three have assigned a buy rating to the company. Heritage Financial has an average rating of “Buy” and an average price target of $31.75.
Shares of Heritage Financial Corporation (NASDAQ HFWA) opened at $31.95 on Wednesday. The firm has a market cap of $972.70, a price-to-earnings ratio of 23.55, a price-to-earnings-growth ratio of 2.29 and a beta of 0.47. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.27. Heritage Financial Corporation has a 12-month low of $22.50 and a 12-month high of $33.25.
Heritage Financial (NASDAQ:HFWA) last announced its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.35 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.35. The business had revenue of $43.39 million during 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 expect that Heritage Financial Corporation will post 1.42 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Wednesday, November 8th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Tuesday, November 7th. This represents a $0.52 annualized dividend and a yield of 1.63%. Heritage Financial’s payout ratio is currently 37.68%.
In other Heritage Financial news, CFO Donald Hinson sold 1,000 shares of the stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $31.22, for a total transaction of $31,220.00. Following the completion of the sale, the chief financial officer now owns 33,288 shares of the company’s stock, valued at approximately $1,039,251.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Anthony Pickering sold 11,000 shares of the stock in a transaction 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 of the company’s stock, valued at approximately $1,479,094.60. The disclosure for this sale can be found here. Insiders have sold a total of 19,636 shares of company stock valued at $604,023 in the last three months. 2.70% of the stock is currently owned by corporate insiders.
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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