Heritage Financial Corp (NASDAQ:HFWA) Director Sells $119,424.90 in Stock

Heritage Financial Corp (NASDAQ:HFWA) Director Brian L. Vance sold 3,885 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $30.74, for a total transaction of $119,424.90. Following the sale, the director now owns 101,011 shares of the company’s stock, valued at approximately $3,105,078.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Heritage Financial stock opened at $30.04 on Friday. The stock has a market cap of $1.11 billion, a PE ratio of 17.07, a PEG ratio of 2.14 and a beta of 0.70. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.84 and a quick ratio of 0.84. Heritage Financial Corp has a one year low of $27.98 and a one year high of $37.40.

Heritage Financial (NASDAQ:HFWA) last released its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.45 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.04). The firm had revenue of $57.22 million for the quarter, compared to the consensus estimate of $59.73 million. Heritage Financial had a return on equity of 8.77% and a net margin of 25.04%. Equities research analysts predict that Heritage Financial Corp will post 2.01 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $0.72 annualized dividend and a dividend yield of 2.40%. Heritage Financial’s dividend payout ratio is currently 40.91%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Teachers Advisors LLC grew its position in Heritage Financial by 10.7% in the 3rd quarter. Teachers Advisors LLC now owns 71,360 shares of the financial services provider’s stock valued at $2,508,000 after buying an additional 6,885 shares in the last quarter. United Services Automobile Association lifted its holdings in Heritage Financial by 14.2% in the 4th quarter. United Services Automobile Association now owns 9,481 shares of the financial services provider’s stock valued at $282,000 after acquiring an additional 1,181 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Heritage Financial by 4.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 837,848 shares of the financial services provider’s stock valued at $29,451,000 after acquiring an additional 36,948 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Heritage Financial by 4.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,896,237 shares of the financial services provider’s stock valued at $66,652,000 after acquiring an additional 86,143 shares during the last quarter. Finally, Xact Kapitalforvaltning AB lifted its holdings in Heritage Financial by 12.0% in the 4th quarter. Xact Kapitalforvaltning AB now owns 13,023 shares of the financial services provider’s stock valued at $387,000 after acquiring an additional 1,400 shares during the last quarter. Hedge funds and other institutional investors own 81.83% of the company’s stock.

Several analysts have weighed in on the stock. Stephens reiterated a “hold” rating and set a $36.00 target price on shares of Heritage Financial in a research note on Thursday, March 21st. Zacks Investment Research lowered shares of Heritage Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, April 30th. BidaskClub lowered shares of Heritage Financial from a “sell” rating to a “strong sell” rating in a research report on Friday, March 22nd. Finally, Sandler O’Neill lowered shares of Heritage Financial from a “buy” rating to a “hold” rating and lowered their price target for the stock from $34.00 to $32.00 in a research report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company. The company has a consensus rating of “Hold” and an average target price of $34.00.

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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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