Heritage Financial Corp. (NASDAQ:HFWA) – Stock analysts at FIG Partners increased their FY2016 earnings per share (EPS) estimates for Heritage Financial Corp. in a note issued to investors on Monday. FIG Partners analyst T. Coffey now forecasts that the brokerage will post earnings of $1.30 per share for the year, up from their prior forecast of $1.27.

Heritage Financial Corp. (NASDAQ:HFWA) last released its earnings results on Thursday, October 27th. The financial services provider reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.05. Heritage Financial Corp. had a net margin of 22.81% and a return on equity of 7.96%.

Earnings History and Estimates for Heritage Financial Corp. (NASDAQ:HFWA)

Separately, Zacks Investment Research lowered shares of Heritage Financial Corp. from a “buy” rating to a “hold” rating in a report on Friday, November 4th.

Shares of Heritage Financial Corp. (NASDAQ:HFWA) opened at 20.05 on Wednesday. The company has a market capitalization of $595.16 million, a P/E ratio of 15.58 and a beta of 0.31. The company has a 50 day moving average of $18.24 and a 200-day moving average of $17.93. Heritage Financial Corp. has a 12-month low of $16.40 and a 12-month high of $20.10.

A number of large investors have recently modified their holdings of the company. TIAA CREF Investment Management LLC raised its stake in shares of Heritage Financial Corp. by 20.0% in the first quarter. TIAA CREF Investment Management LLC now owns 193,136 shares of the financial services provider’s stock worth $3,393,000 after buying an additional 32,256 shares in the last quarter. Teachers Advisors Inc. raised its stake in shares of Heritage Financial Corp. by 6.9% in the first quarter. Teachers Advisors Inc. now owns 63,912 shares of the financial services provider’s stock worth $1,123,000 after buying an additional 4,126 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Heritage Financial Corp. by 17.6% in the first quarter. Goldman Sachs Group Inc. now owns 878,930 shares of the financial services provider’s stock worth $15,442,000 after buying an additional 131,600 shares in the last quarter. Kennedy Capital Management Inc. raised its stake in shares of Heritage Financial Corp. by 11.7% in the first quarter. Kennedy Capital Management Inc. now owns 379,887 shares of the financial services provider’s stock worth $6,675,000 after buying an additional 39,818 shares in the last quarter. Finally, Bank of Montreal Can bought a new stake in shares of Heritage Financial Corp. during the second quarter worth approximately $294,000. 71.36% of the stock is currently owned by hedge funds and other institutional investors.

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

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 22nd. Stockholders of record on Tuesday, November 8th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend is Friday, November 4th. Heritage Financial Corp.’s payout ratio is 37.21%.

About Heritage Financial Corp.

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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