Teacher Retirement System of Texas bought a new position in shares of Heritage Financial Co. (NASDAQ:HFWA) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 10,208 shares of the financial services provider’s stock, valued at approximately $314,000.

Several other large investors have also added to or reduced their stakes in the company. American Century Companies Inc. acquired a new position in shares of Heritage Financial during the 4th quarter worth about $5,060,000. Victory Capital Management Inc. boosted its position in shares of Heritage Financial by 6.7% during the 4th quarter. Victory Capital Management Inc. now owns 75,808 shares of the financial services provider’s stock worth $2,335,000 after acquiring an additional 4,788 shares in the last quarter. Mutual of America Capital Management LLC boosted its position in shares of Heritage Financial by 2.8% during the 4th quarter. Mutual of America Capital Management LLC now owns 146,886 shares of the financial services provider’s stock worth $4,524,000 after acquiring an additional 4,041 shares in the last quarter. Chicago Equity Partners LLC boosted its position in shares of Heritage Financial by 37.4% during the 4th quarter. Chicago Equity Partners LLC now owns 90,015 shares of the financial services provider’s stock worth $2,772,000 after acquiring an additional 24,525 shares in the last quarter. Finally, Cigna Investments Inc. New acquired a new position in shares of Heritage Financial during the 4th quarter worth about $644,000. 70.94% of the stock is owned by institutional investors and hedge funds.

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HFWA has been the subject of several analyst reports. BidaskClub cut Heritage Financial from a “buy” rating to a “hold” rating in a research report on Friday, December 29th. FIG Partners raised Heritage Financial from a “market-perform” rating to an “outperform” rating in a research report on Tuesday, December 12th. ValuEngine raised Heritage Financial from a “hold” rating to a “buy” rating in a research report on Saturday, February 17th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $33.00 price objective on shares of Heritage Financial in a research report on Tuesday, January 9th. Finally, Sandler O’Neill reaffirmed a “buy” rating and set a $36.00 price objective on shares of Heritage Financial in a research report on Friday, January 26th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $34.60.

Shares of Heritage Financial stock opened at $31.80 on Thursday. The stock has a market capitalization of $1,081.62, a PE ratio of 21.63, a P/E/G ratio of 1.78 and a beta of 0.52. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.84 and a quick ratio of 0.84. Heritage Financial Co. has a 1 year low of $22.50 and a 1 year high of $33.25.

Heritage Financial (NASDAQ:HFWA) last announced its earnings results on Thursday, January 25th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. The firm had revenue of $46.22 million during the quarter, compared to analysts’ expectations of $43.74 million. Heritage Financial had a return on equity of 8.86% and a net margin of 21.16%. research analysts anticipate that Heritage Financial Co. will post 1.78 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 21st. Investors of record on Wednesday, February 7th were given a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, February 6th. This is a boost from Heritage Financial’s previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.89%. Heritage Financial’s dividend payout ratio is 46.88%.

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Heritage Financial Company Profile

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

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Institutional Ownership by Quarter for Heritage Financial (NASDAQ:HFWA)

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