Heritage Financial Co. (NASDAQ:HFWA) EVP Tony Chalfant Sells 2,975 Shares of Stock

Heritage Financial Co. (NASDAQ:HFWA) EVP Tony Chalfant sold 2,975 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $26.50, for a total value of $78,837.50. Following the completion of the sale, the executive vice president now owns 20,119 shares in the company, valued at approximately $533,153.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Heritage Financial Stock Down 4.5 %

Heritage Financial stock opened at $26.06 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.82 and a quick ratio of 0.81. The stock has a market capitalization of $898.97 million, a price-to-earnings ratio of 24.13 and a beta of 0.52. Heritage Financial Co. has a 1-year low of $16.38 and a 1-year high of $27.43. The business has a fifty day moving average price of $22.22 and a 200-day moving average price of $20.35.

Heritage Financial (NASDAQ:HFWA) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.09). The firm had revenue of $81.65 million for the quarter, compared to analyst estimates of $58.17 million. Heritage Financial had a return on equity of 7.01% and a net margin of 12.27%. During the same period in the prior year, the firm posted $0.51 EPS. Equities research analysts forecast that Heritage Financial Co. will post 1.65 EPS for the current fiscal year.

Heritage Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date of this dividend is Wednesday, November 6th. Heritage Financial’s dividend payout ratio is presently 85.19%.

Institutional Trading of Heritage Financial

A number of institutional investors have recently made changes to their positions in the company. CWM LLC raised its stake in Heritage Financial by 17.1% in the 3rd quarter. CWM LLC now owns 3,297 shares of the financial services provider’s stock valued at $72,000 after purchasing an additional 481 shares during the last quarter. New York State Teachers Retirement System raised its stake in Heritage Financial by 9.4% in the 3rd quarter. New York State Teachers Retirement System now owns 5,796 shares of the financial services provider’s stock valued at $126,000 after purchasing an additional 500 shares during the last quarter. GAMMA Investing LLC raised its stake in Heritage Financial by 43.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,975 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 601 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Heritage Financial in the 2nd quarter valued at $25,000. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Heritage Financial by 5.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,784 shares of the financial services provider’s stock worth $578,000 after acquiring an additional 1,471 shares during the last quarter. 78.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on HFWA. Piper Sandler raised their price objective on Heritage Financial from $27.00 to $28.00 and gave the stock an “overweight” rating in a report on Monday, October 28th. Keefe, Bruyette & Woods raised their price objective on Heritage Financial from $20.00 to $23.00 and gave the stock a “market perform” rating in a report on Friday, July 26th. Finally, Stephens raised their price objective on Heritage Financial from $24.00 to $26.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $25.00.

Heritage Financial Company Profile

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