Heritage Financial Corp. PT Raised to $25.00 at Wunderlich (HFWA)
Investment analysts at Wunderlich lifted their target price on shares of Heritage Financial Corp. (NASDAQ:HFWA) from $18.00 to $25.00 in a note issued to investors on Friday, ARN reports. The firm currently has a “buy” rating on the stock. Wunderlich’s price objective points to a potential upside of 53.47% from the stock’s previous close.
Heritage Financial Corp. (NASDAQ:HFWA) traded up 0.06% during mid-day trading on Friday, hitting $16.29. The stock had a trading volume of 128,670 shares. Heritage Financial Corp. has a one year low of $13.25 and a one year high of $16.53. The stock’s 50-day moving average is $15.65 and its 200-day moving average is $14.65. The company has a market cap of $264.1 million and a P/E ratio of 21.14.
Heritage Financial Corp. (NASDAQ:HFWA) last announced its earnings results on Thursday, October 24th. The company reported $0.20 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.20. Analysts expect that Heritage Financial Corp. will post $0.77 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, November 15th. Stockholders of record on Tuesday, November 5th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Friday, November 1st.
Separately, analysts at DA Davidson upgraded shares of Heritage Financial Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Thursday. They now have a $19.00 price target on the stock, up previously from $16.50.
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 wholly owned subsidiaries: Heritage Bank and Central Valley Bank (NASDAQ:HFWA).
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