Bryan Mcdonald Sells 1,262 Shares of Heritage Financial Corp. (HFWA) Stock
Heritage Financial Corp. (NASDAQ:HFWA) EVP Bryan Mcdonald sold 1,262 shares of the business’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of $21.09, for a total transaction of $26,615.58. Following the completion of the transaction, the executive vice president now owns 20,662 shares in the company, valued at approximately $435,761.58. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Bryan Mcdonald also recently made the following trade(s):
- On Friday, September 9th, Bryan Mcdonald sold 5,286 shares of Heritage Financial Corp. stock. The shares were sold at an average price of $18.41, for a total transaction of $97,315.26.
Shares of Heritage Financial Corp. (NASDAQ:HFWA) remained flat at $21.90 during midday trading on Thursday. 12,073 shares of the stock traded hands. The firm’s 50-day moving average is $18.62 and its 200 day moving average is $18.01. Heritage Financial Corp. has a 52 week low of $16.40 and a 52 week high of $22.60. The company has a market cap of $655.84 billion, a price-to-earnings ratio of 16.98 and a beta of 0.31.
Heritage Financial Corp. (NASDAQ:HFWA) last announced its quarterly earnings results on Thursday, October 27th. The financial services provider reported $0.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.05. Heritage Financial Corp. had a net margin of 22.81% and a return on equity of 7.96%. Equities research analysts predict that Heritage Financial Corp. will post $1.30 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 22nd. Stockholders of record on Tuesday, November 8th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, November 4th. This represents a $0.48 annualized dividend and a dividend yield of 2.19%. Heritage Financial Corp.’s dividend payout ratio (DPR) is 37.21%.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Martin & Co. Inc. TN raised its position in shares of Heritage Financial Corp. by 0.7% in the third quarter. Martin & Co. Inc. TN now owns 37,628 shares of the financial services provider’s stock valued at $675,000 after buying an additional 250 shares during the period. Credit Suisse AG raised its position in Heritage Financial Corp. by 47.3% in the third quarter. Credit Suisse AG now owns 47,857 shares of the financial services provider’s stock worth $860,000 after buying an additional 15,372 shares during the last quarter. Phocas Financial Corp. raised its position in Heritage Financial Corp. by 6.5% in the third quarter. Phocas Financial Corp. now owns 427,468 shares of the financial services provider’s stock worth $7,673,000 after buying an additional 26,082 shares during the last quarter. Penn Capital Management Co. Inc. raised its position in Heritage Financial Corp. by 27.7% in the third quarter. Penn Capital Management Co. Inc. now owns 545,808 shares of the financial services provider’s stock worth $9,797,000 after buying an additional 118,446 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. raised its position in Heritage Financial Corp. by 134.9% in the third quarter. D. E. Shaw & Co. Inc. now owns 49,927 shares of the financial services provider’s stock worth $896,000 after buying an additional 28,672 shares during the last quarter. Institutional investors own 74.50% of the company’s stock.
Separately, Zacks Investment Research upgraded shares of Heritage Financial Corp. from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Monday, October 31st.
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.
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