Zacks Investment Research upgraded shares of Heritage Financial Corp. (NASDAQ:HFWA) from a sell rating to a hold rating in a research report report published on Tuesday.

According to Zacks, “Heritage Financial Corporation, Inc. is a bank holding company. “

Heritage Financial Corp. (NASDAQ:HFWA) traded down 0.27% during mid-day trading on Tuesday, reaching $18.17. 1,005 shares of the company’s stock traded hands. The company has a 50-day moving average of $18.16 and a 200-day moving average of $17.80. The company has a market capitalization of $539.79 million, a price-to-earnings ratio of 14.72 and a beta of 0.49. Heritage Financial Corp. has a 52-week low of $16.40 and a 52-week high of $19.80.

Heritage Financial Corp. (NASDAQ:HFWA) last issued its quarterly earnings results on Thursday, July 21st. The financial services provider reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.01. Heritage Financial Corp. had a net margin of 22.15% and a return on equity of 7.75%. Equities research analysts expect that Heritage Financial Corp. will post $1.25 EPS for the current year.

In other news, EVP Bryan Mcdonald sold 5,286 shares of the stock in a transaction on Friday, September 9th. The shares were sold at an average price of $18.41, for a total transaction of $97,315.26. Following the transaction, the executive vice president now owns 21,158 shares in the company, valued at approximately $389,518.78. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John A. Clees sold 3,000 shares of the stock in a transaction on Friday, August 19th. The stock was sold at an average price of $18.09, for a total transaction of $54,270.00. Following the transaction, the director now owns 61,042 shares in the company, valued at approximately $1,104,249.78. The disclosure for this sale can be found here. Insiders own 2.80% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in HFWA. LSV Asset Management purchased a new position in Heritage Financial Corp. during the second quarter worth about $123,000. Boston Partners raised its position in Heritage Financial Corp. by 2.3% in the second quarter. Boston Partners now owns 160,425 shares of the financial services provider’s stock worth $2,820,000 after buying an additional 3,561 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Heritage Financial Corp. by 4.2% in the second quarter. PNC Financial Services Group Inc. now owns 99,419 shares of the financial services provider’s stock worth $1,749,000 after buying an additional 3,964 shares during the last quarter. Emerald Acquisition Ltd. purchased a new position in Heritage Financial Corp. during the second quarter worth about $4,285,000. Finally, Context BH Capital Management LP raised its position in Heritage Financial Corp. by 4.0% in the second quarter. Context BH Capital Management LP now owns 177,033 shares of the financial services provider’s stock worth $3,112,000 after buying an additional 6,846 shares during the last quarter. Institutional investors own 72.02% of the company’s stock.

Heritage Financial Corp. Company Profile

Heritage Financial Corporation is a bank holding company engaged in the business of planning, directing and coordinating the business activities of its bank subsidiary, Heritage Bank (the Bank). The Bank also makes real estate construction loans, land development loans and consumer loans, and originates first mortgage loans on residential properties primarily located in its market area.

5 Day Chart for NASDAQ:HFWA

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