Heritage Financial Corp (NASDAQ:HFWA) – DA Davidson upped their Q3 2018 earnings estimates for Heritage Financial in a note issued to investors on Monday. DA Davidson analyst J. Rulis now forecasts that the financial services provider will earn $0.47 per share for the quarter, up from their prior estimate of $0.46. DA Davidson also issued estimates for Heritage Financial’s Q4 2018 earnings at $0.47 EPS, FY2018 earnings at $1.82 EPS and FY2019 earnings at $2.10 EPS.
Heritage Financial (NASDAQ:HFWA) last issued its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.06. Heritage Financial had a net margin of 21.16% and a return on equity of 8.86%. The business had revenue of $46.22 million during the quarter, compared to the consensus estimate of $43.74 million.
Heritage Financial (NASDAQ HFWA) opened at $32.20 on Tuesday. Heritage Financial has a 52-week low of $22.50 and a 52-week high of $33.25. The firm has a market cap of $1,061.21, a P/E ratio of 21.22, a PEG ratio of 1.72 and a beta of 0.52. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.84 and a current ratio of 0.84.
A number of hedge funds and other institutional investors have recently bought and sold shares of HFWA. BlackRock Inc. raised its position in shares of Heritage Financial by 4.8% during the 4th quarter. BlackRock Inc. now owns 2,128,041 shares of the financial services provider’s stock valued at $65,545,000 after buying an additional 96,950 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Heritage Financial by 6.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,725,844 shares of the financial services provider’s stock valued at $50,913,000 after buying an additional 106,130 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Heritage Financial by 0.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 978,324 shares of the financial services provider’s stock valued at $30,133,000 after buying an additional 8,011 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of Heritage Financial by 598.1% during the 4th quarter. Alliancebernstein L.P. now owns 853,510 shares of the financial services provider’s stock valued at $26,288,000 after buying an additional 731,242 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of Heritage Financial by 6.2% during the 4th quarter. The Manufacturers Life Insurance Company now owns 740,098 shares of the financial services provider’s stock valued at $22,795,000 after buying an additional 43,168 shares in the last quarter. Institutional investors and hedge funds own 70.94% of the company’s stock.
The company also recently announced a quarterly dividend, which was paid on Wednesday, February 21st. Shareholders of record on Wednesday, February 7th were paid a $0.15 dividend. The ex-dividend date was Tuesday, February 6th. This is a boost from Heritage Financial’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a yield of 1.86%. Heritage Financial’s dividend payout ratio is currently 46.88%.
Heritage Financial 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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