Great West Life Assurance Co. Can held its position in shares of Heritage Financial Corporation (NASDAQ:HFWA) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,962 shares of the financial services provider’s stock at the close of the second quarter. Great West Life Assurance Co. Can’s holdings in Heritage Financial Corporation were worth $131,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HFWA. Nationwide Fund Advisors boosted its holdings in Heritage Financial Corporation by 270.6% in the 1st quarter. Nationwide Fund Advisors now owns 90,828 shares of the financial services provider’s stock worth $2,248,000 after buying an additional 66,318 shares during the period. Strs Ohio boosted its holdings in Heritage Financial Corporation by 43.5% in the 1st quarter. Strs Ohio now owns 32,000 shares of the financial services provider’s stock valued at $792,000 after purchasing an additional 9,700 shares during the period. State Board of Administration of Florida Retirement System boosted its holdings in Heritage Financial Corporation by 21.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 24,154 shares of the financial services provider’s stock valued at $598,000 after purchasing an additional 4,257 shares during the period. Bank of New York Mellon Corp boosted its holdings in Heritage Financial Corporation by 7.7% in the 1st quarter. Bank of New York Mellon Corp now owns 196,371 shares of the financial services provider’s stock valued at $4,860,000 after purchasing an additional 14,079 shares during the period. Finally, Swiss National Bank boosted its holdings in Heritage Financial Corporation by 3.6% in the 1st quarter. Swiss National Bank now owns 49,368 shares of the financial services provider’s stock valued at $1,222,000 after purchasing an additional 1,700 shares during the period. 75.92% of the stock is owned by institutional investors.

Shares of Heritage Financial Corporation (NASDAQ HFWA) opened at 27.15 on Monday. Heritage Financial Corporation has a 12-month low of $17.66 and a 12-month high of $27.70. The company has a market capitalization of $808.53 million, a P/E ratio of 19.39 and a beta of 0.49. The stock’s 50 day moving average is $26.62 and its 200-day moving average is $25.48.

Heritage Financial Corporation (NASDAQ:HFWA) last issued its earnings results on Wednesday, July 26th. The financial services provider reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.07. Heritage Financial Corporation had a net margin of 23.81% and a return on equity of 8.56%. The firm had revenue of $44.84 million during the quarter, compared to analyst estimates of $41.59 million. Analysts anticipate that Heritage Financial Corporation will post $1.42 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th were given a dividend of $0.13 per share. The ex-dividend date was Tuesday, August 8th. This represents a $0.52 annualized dividend and a yield of 1.92%. Heritage Financial Corporation’s dividend payout ratio (DPR) is currently 37.14%.

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In other Heritage Financial Corporation news, Director John A. Clees sold 2,000 shares of the stock in a transaction 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 owns 49,042 shares in the company, valued at $1,337,865.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.70% of the stock is owned by company insiders.

Several research analysts have commented on HFWA shares. Zacks Investment Research raised shares of Heritage Financial Corporation from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a report on Friday, July 28th. ValuEngine raised shares of Heritage Financial Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Piper Jaffray Companies set a $29.00 price target on shares of Heritage Financial Corporation and gave the company a “hold” rating in a report on Monday, August 14th. BidaskClub downgraded shares of Heritage Financial Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $27.00 price objective on shares of Heritage Financial Corporation in a report on Friday, June 2nd. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $28.67.

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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Institutional Ownership by Quarter for Heritage Financial Corporation (NASDAQ:HFWA)

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