361 Capital LLC purchased a new stake in shares of Heritage Financial Corporation (NASDAQ:HFWA) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 73,436 shares of the financial services provider’s stock, valued at approximately $2,166,000. 361 Capital LLC owned approximately 0.25% of Heritage Financial Corporation at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MUFG Americas Holdings Corp increased its stake in shares of Heritage Financial Corporation by 1.2% in 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 in the last quarter. SG Americas Securities LLC bought a new stake in shares of Heritage Financial Corporation in the 3rd quarter worth approximately $131,000. Legal & General Group Plc raised its holdings in Heritage Financial Corporation by 4.2% during 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 last quarter. Aperio Group LLC bought a new stake in Heritage Financial Corporation during the 2nd quarter valued at $217,000. Finally, Susquehanna International Group LLP bought a new stake in Heritage Financial Corporation during the 2nd quarter valued at $226,000. 75.34% of the stock is currently owned by institutional investors.
Shares of Heritage Financial Corporation (NASDAQ HFWA) remained flat at $$30.60 during mid-day trading on Friday. The company had a trading volume of 133,290 shares, compared to its average volume of 192,850. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market capitalization of $915.83, a price-to-earnings ratio of 21.77, a P/E/G ratio of 2.11 and a beta of 0.44. Heritage Financial Corporation has a 1-year low of $22.00 and a 1-year high of $31.65.
Heritage Financial Corporation (NASDAQ:HFWA) last posted its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.35 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.35. The firm had revenue of $43.39 million during the quarter, compared to the consensus estimate of $42.85 million. Heritage Financial Corporation had a return on equity of 8.42% and a net margin of 23.48%. equities analysts expect that Heritage Financial Corporation will post 1.42 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Wednesday, November 8th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.70%. The ex-dividend date is Tuesday, November 7th. Heritage Financial Corporation’s payout ratio is 37.41%.
Several equities analysts have recently weighed in on HFWA shares. DA Davidson increased their price objective on shares of Heritage Financial Corporation from $35.00 to $36.00 and gave the stock a “buy” rating in a research note on Tuesday, November 7th. Zacks Investment Research upgraded Heritage Financial Corporation from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research report on Monday, October 30th. Piper Jaffray Companies set a $29.00 price target on Heritage Financial Corporation and gave the stock a “hold” rating in a research report on Monday, August 14th. Finally, ValuEngine upgraded Heritage Financial Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $31.75.
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In other Heritage Financial Corporation news, Director Anthony Pickering sold 11,000 shares of Heritage Financial Corporation 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 transaction, the director now directly owns 48,085 shares in the company, valued at approximately $1,479,094.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Donald Hinson sold 1,000 shares of Heritage Financial Corporation stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $31.22, for a total value of $31,220.00. Following the completion of the transaction, the chief financial officer now owns 33,288 shares in the company, valued at $1,039,251.36. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,636 shares of company stock worth $572,953. 2.70% of the stock is owned by corporate insiders.
About Heritage Financial Corporation
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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