Heritage Financial Corp. (NASDAQ:HFWA) Director John A. Clees sold 2,000 shares of the stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $21.93, for a total value of $43,860.00. Following the transaction, the director now owns 59,042 shares of the company’s stock, valued at $1,294,791.06. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Heritage Financial Corp. (NASDAQ:HFWA) opened at 22.60 on Tuesday. The stock’s 50 day moving average price is $18.99 and its 200 day moving average price is $18.12. Heritage Financial Corp. has a 1-year low of $16.40 and a 1-year high of $22.87. The stock has a market capitalization of $670.81 million, a PE ratio of 17.59 and a beta of 0.31.

Heritage Financial Corp. (NASDAQ:HFWA) last posted its quarterly earnings results on Thursday, October 27th. The financial services provider reported $0.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.05. Heritage Financial Corp. had a return on equity of 7.96% and a net margin of 22.81%. Equities research analysts forecast that Heritage Financial Corp. will post $1.30 earnings per share for the current year.

Insider Buying and Selling by Quarter for Heritage Financial Corp. (NASDAQ:HFWA)

The company 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. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Friday, November 4th. Heritage Financial Corp.’s dividend payout ratio (DPR) is presently 37.21%.

Large investors have recently bought and sold shares of the company. Martin & Co. Inc. TN increased its stake in 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 worth $675,000 after buying an additional 250 shares during the period. Credit Suisse AG increased its stake 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 period. Phocas Financial Corp. increased its stake 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 period. Penn Capital Management Co. Inc. increased its stake 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 period. Finally, D. E. Shaw & Co. Inc. increased its stake 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 period. 76.09% of the stock is owned by institutional investors.

Separately, Zacks Investment Research upgraded Heritage Financial Corp. from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research note on Monday, October 31st.

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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