Wells Fargo & Company MN raised its holdings in Heritage Financial Corporation (NASDAQ:HFWA) by 9.3% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 120,208 shares of the financial services provider’s stock after acquiring an additional 10,246 shares during the quarter. Wells Fargo & Company MN owned approximately 0.40% of Heritage Financial Corporation worth $3,185,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in HFWA. MUFG Americas Holdings Corp grew its position in Heritage Financial Corporation by 1.2% in the 2nd quarter. MUFG Americas Holdings Corp now owns 3,952 shares of the financial services provider’s stock valued at $105,000 after acquiring an additional 45 shares during the last quarter. Legal & General Group Plc grew its position in Heritage Financial Corporation by 4.2% in the 2nd quarter. Legal & General Group Plc now owns 7,369 shares of the financial services provider’s stock valued at $195,000 after acquiring an additional 297 shares during the last quarter. Aperio Group LLC bought a new position in Heritage Financial Corporation in the 2nd quarter valued at $217,000. Parkwood LLC grew its position in Heritage Financial Corporation by 14.8% in the 2nd quarter. Parkwood LLC now owns 9,478 shares of the financial services provider’s stock valued at $251,000 after acquiring an additional 1,225 shares during the last quarter. Finally, Principal Financial Group Inc. bought a new position in Heritage Financial Corporation in the 2nd quarter valued at $274,000. 75.92% of the stock is currently owned by institutional investors.

Several equities analysts have commented on the company. Zacks Investment Research downgraded Heritage Financial Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. BidaskClub downgraded Heritage Financial Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $25.00 price objective on shares of Heritage Financial Corporation in a research report on Wednesday, July 12th. Finally, ValuEngine raised Heritage Financial Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. 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 an average rating of “Hold” and a consensus price target of $29.33.

In other news, Director John A. Clees sold 2,000 shares of Heritage Financial Corporation stock in a transaction on Monday, July 31st. The stock was sold at an average price of $27.28, for a total value of $54,560.00. Following the completion of the sale, the director now directly owns 49,042 shares of the company’s stock, valued at $1,337,865.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.70% of the stock is owned by company insiders.

Shares of Heritage Financial Corporation (NASDAQ HFWA) opened at 30.30 on Friday. Heritage Financial Corporation has a one year low of $17.75 and a one year high of $30.60. The firm has a 50 day moving average price of $28.36 and a 200 day moving average price of $26.35. The stock has a market capitalization of $902.33 million, a PE ratio of 21.64 and a beta of 0.50.

Heritage Financial Corporation (NASDAQ:HFWA) last posted its earnings results on Wednesday, July 26th. The financial services provider reported $0.39 earnings per share (EPS) 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 return on equity of 8.56% and a net margin of 23.81%. Analysts predict that Heritage Financial Corporation will post $1.42 earnings per share for the current fiscal year.

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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.

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

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