Insider Buying: Heritage Financial Corp. Director Buys 1,500 Shares of Stock (HFWA)
Heritage Financial Corp. (NASDAQ:HFWA) Director Mark D. Crawford purchased 1,500 shares of Heritage Financial Corp. stock in a transaction dated Wednesday, May 28th. The shares were purchased at an average price of $15.76 per share, with a total value of $23,640.00. Following the completion of the transaction, the director now directly owns 7,216 shares of the company’s stock, valued at approximately $113,724. The purchase was disclosed in a document filed with the SEC, which is available at this link.
Heritage Financial Corp. (NASDAQ:HFWA) traded down 1.32% on Friday, hitting $15.75. 101,091 shares of the company’s stock traded hands. Heritage Financial Corp. has a one year low of $13.57 and a one year high of $18.64. The stock has a 50-day moving average of $16.0 and a 200-day moving average of $16.93. The company has a market cap of $252.5 million and a price-to-earnings ratio of 27.56. Heritage Financial Corp. also saw a large decline in short interest in May. As of May 15th, there was short interest totalling 1,005,404 shares, a decline of 48.7% from the April 30th total of 1,960,256 shares. Currently, 6.8% of the shares of the company are short sold. Based on an average daily volume of 78,726 shares, the days-to-cover ratio is presently 12.8 days.
Heritage Financial Corp. (NASDAQ:HFWA) last announced its earnings results on Tuesday, April 29th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by $0.04. On average, analysts predict that Heritage Financial Corp. will post $0.92 earnings per share for the current fiscal year.
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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