Heritage Financial Corporation (HFWA) Position Raised by Sei Investments Co.
Sei Investments Co. boosted its stake in shares of Heritage Financial Corporation (NASDAQ:HFWA) by 6.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 45,198 shares of the financial services provider’s stock after buying an additional 2,770 shares during the period. Sei Investments Co. owned approximately 0.15% of Heritage Financial Corporation worth $1,198,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in HFWA. Bessemer Group Inc. increased its position in shares of Heritage Financial Corporation by 1.3% in the second quarter. Bessemer Group Inc. now owns 51,548 shares of the financial services provider’s stock valued at $1,366,000 after buying an additional 648 shares during the last quarter. Parkwood LLC increased its position in shares of Heritage Financial Corporation by 14.8% in the second quarter. Parkwood LLC now owns 9,478 shares of the financial services provider’s stock valued at $251,000 after buying an additional 1,225 shares during the last quarter. Aperio Group LLC purchased a new position in shares of Heritage Financial Corporation during the second quarter valued at about $217,000. Driehaus Capital Management LLC purchased a new position in shares of Heritage Financial Corporation during the first quarter valued at about $1,074,000. Finally, AQR Capital Management LLC increased its position in shares of Heritage Financial Corporation by 43.3% in the first quarter. AQR Capital Management LLC now owns 126,620 shares of the financial services provider’s stock valued at $3,133,000 after buying an additional 38,236 shares during the last quarter. 75.92% of the stock is currently owned by institutional investors and hedge funds.
Heritage Financial Corporation (NASDAQ:HFWA) opened at 26.10 on Thursday. The stock has a market cap of $777.26 million, a P/E ratio of 18.64 and a beta of 0.48. Heritage Financial Corporation has a 1-year low of $17.60 and a 1-year high of $27.70. The firm’s 50-day moving average is $26.60 and its 200-day moving average is $25.36.
Heritage Financial Corporation (NASDAQ:HFWA) last issued its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.07. The company had revenue of $44.84 million during the quarter, compared to analysts’ expectations of $41.59 million. Heritage Financial Corporation had a net margin of 23.81% and a return on equity of 8.56%. On average, analysts forecast that Heritage Financial Corporation will post $1.42 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 24th. Stockholders of record on Thursday, August 10th were paid a dividend of $0.13 per share. The ex-dividend date was Tuesday, August 8th. This represents a $0.52 annualized dividend and a dividend yield of 1.99%. Heritage Financial Corporation’s dividend payout ratio is currently 37.14%.
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Several equities analysts recently issued reports on the stock. Piper Jaffray Companies set a $29.00 price objective on shares of Heritage Financial Corporation and gave the company a “hold” rating in a research note on Monday, August 14th. Zacks Investment Research downgraded shares of Heritage Financial Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. BidaskClub downgraded shares of Heritage Financial Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $27.00 price objective on shares of Heritage Financial Corporation in a research note on Friday, June 2nd. Finally, ValuEngine raised shares of Heritage Financial Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $28.67.
In other news, Director John A. Clees sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $27.28, for a total transaction of $54,560.00. Following the completion of the transaction, the director now directly owns 49,042 shares of the company’s stock, valued at approximately $1,337,865.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.70% of the stock is owned by company insiders.
About Heritage Financial Corporation
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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