Heritage Financial Corporation (HFWA) Director Sells $338,360.00 in Stock
Heritage Financial Corporation (NASDAQ:HFWA) Director Anthony Pickering sold 11,000 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $30.76, for a total value of $338,360.00. Following the completion of the sale, the director now directly owns 48,085 shares of the company’s stock, valued at approximately $1,479,094.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Heritage Financial Corporation (NASDAQ:HFWA) traded up 0.16% during midday trading on Tuesday, reaching $30.65. The company had a trading volume of 107,765 shares. Heritage Financial Corporation has a 52-week low of $17.75 and a 52-week high of $31.25. The company has a market cap of $912.76 million, a PE ratio of 21.89 and a beta of 0.49. The company’s 50-day moving average is $29.21 and its 200 day moving average is $26.69.
Heritage Financial Corporation (NASDAQ:HFWA) last released its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.35. Heritage Financial Corporation had a return on equity of 8.50% and a net margin of 23.48%. The company had revenue of $43.39 million during the quarter, compared to analysts’ expectations of $42.85 million. On average, equities research analysts forecast that Heritage Financial Corporation will post $1.43 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 8th will be given a $0.13 dividend. The ex-dividend date of this dividend is Tuesday, November 7th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.70%. Heritage Financial Corporation’s payout ratio is 37.68%.
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Several brokerages recently commented on HFWA. Zacks Investment Research raised Heritage Financial Corporation from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research note on Friday, July 28th. ValuEngine raised Heritage Financial Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Piper Jaffray Companies set a $29.00 price target on Heritage Financial Corporation and gave the company a “hold” rating in a research note on Monday, August 14th. Finally, BidaskClub cut Heritage Financial Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $30.33.
Several institutional investors and hedge funds have recently added to or reduced their stakes in HFWA. Bank of New York Mellon Corp lifted its position in shares of Heritage Financial Corporation by 135.9% in the second quarter. Bank of New York Mellon Corp now owns 463,253 shares of the financial services provider’s stock valued at $12,276,000 after buying an additional 266,882 shares during the last quarter. Northpointe Capital LLC lifted its holdings in Heritage Financial Corporation by 446.5% during the 2nd quarter. Northpointe Capital LLC now owns 283,719 shares of the financial services provider’s stock worth $7,519,000 after purchasing an additional 231,804 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Heritage Financial Corporation by 7.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,619,714 shares of the financial services provider’s stock worth $42,923,000 after purchasing an additional 110,898 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in Heritage Financial Corporation by 240.8% during the 1st quarter. Alliancebernstein L.P. now owns 138,478 shares of the financial services provider’s stock worth $3,427,000 after purchasing an additional 97,850 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Heritage Financial Corporation by 6.1% during the 1st quarter. Vanguard Group Inc. now owns 1,215,131 shares of the financial services provider’s stock worth $30,074,000 after purchasing an additional 69,982 shares during the last quarter. 75.54% of the stock is owned by institutional investors.
Heritage Financial Corporation Company Profile
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 bank subsidiary, Heritage Bank (the Bank). The Bank’s lending activities focus on commercial business lending. The Bank also originates consumer loans, real estate construction and land development loans, and one- to four-family residential loans.
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