Heritage Financial Corp. Price Target Raised to $19.00 at Raymond James (HFWA)
Analysts at Raymond James increased their target price on shares of Heritage Financial Corp. (NASDAQ:HFWA) from $17.00 to $19.00 in a research report issued to clients and investors on Friday, AnalystRatingsNetwork reports. The firm currently has an “outperform” rating on the stock. Raymond James’ target price would indicate a potential upside of 17.07% from the company’s current price.
Heritage Financial Corp. (NASDAQ:HFWA) traded up 0.62% on Friday, hitting $16.23. 136,160 shares of the company’s stock traded hands. Heritage Financial Corp. has a 52-week low of $13.25 and a 52-week high of $16.53. The stock has a 50-day moving average of $15.81 and a 200-day moving average of $15.01. The company has a market cap of $259.0 million and a price-to-earnings ratio of 20.95.
Heritage Financial Corp. (NASDAQ:HFWA) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. Analysts expect that Heritage Financial Corp. will post $0.81 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 15th. Shareholders of record on Tuesday, November 5th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Friday, November 1st.
Other equities research analysts have also recently issued reports about the stock. Analysts at Wunderlich raised their price target on shares of Heritage Financial Corp. from $18.00 to $25.00 in a research note to investors on Friday, October 25th. They now have a “buy” rating on the stock. 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, October 24th. They now have a $19.00 price target on the stock, up previously from $16.50. Three research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus target price of $19.38.
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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