Insider Selling: Heritage Financial Corp. Director Sells 1,528 Shares of Stock (HFWA)
Heritage Financial Corp. (NASDAQ:HFWA) Director John A. Clees sold 1,528 shares of the stock on the open market in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $16.00, for a total value of $24,448.00. Following the completion of the sale, the director now directly owns 67,256 shares in the company, valued at approximately $1,076,096. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Heritage Financial Corp. (NASDAQ:HFWA) traded up 2.92% on Thursday, hitting $16.20. The stock had a trading volume of 57,194 shares. Heritage Financial Corp. has a 52 week low of $13.57 and a 52 week high of $18.64. The stock’s 50-day moving average is $15.97 and its 200-day moving average is $16.93. The company has a market cap of $259.7 million and a P/E ratio of 27.18. Heritage Financial Corp. also was the target of a large decline in short interest in the month of 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. Approximately 6.8% of the company’s shares 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 released its earnings data on Tuesday, April 29th. The company reported $0.16 earnings per share for the quarter, missing the analysts’ 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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