Heritage Financial Corporation (NASDAQ:HFWA) Director Brian L. Vance sold 5,636 shares of Heritage Financial Corporation stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $30.76, for a total transaction of $173,363.36. Following the completion of the transaction, the director now directly owns 142,011 shares of the company’s stock, valued at approximately $4,368,258.36. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of Heritage Financial Corporation (NASDAQ HFWA) traded up $0.20 during mid-day trading on Friday, hitting $29.75. 7,109 shares of the company traded hands, compared to its average volume of 127,025. The company has a market cap of $896.38, a P/E ratio of 21.70, a price-to-earnings-growth ratio of 2.11 and a beta of 0.44. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.26. Heritage Financial Corporation has a 1-year low of $20.00 and a 1-year high of $31.65.

Heritage Financial Corporation (NASDAQ:HFWA) last announced its earnings results on Thursday, October 26th. The financial services provider reported $0.35 EPS for the quarter, hitting the consensus estimate of $0.35. The business had revenue of $43.39 million during the quarter, compared to the consensus estimate of $42.85 million. Heritage Financial Corporation had a net margin of 23.48% and a return on equity of 8.50%. equities research analysts anticipate that Heritage Financial Corporation will post 1.42 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Wednesday, November 8th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.75%. The ex-dividend date is Tuesday, November 7th. Heritage Financial Corporation’s dividend payout ratio (DPR) is 37.68%.

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A number of brokerages have recently commented on HFWA. DA Davidson lifted their price objective on shares of Heritage Financial Corporation from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Tuesday. Zacks Investment Research raised shares of Heritage Financial Corporation from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research report on Monday, October 30th. 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 report on Monday, August 14th. Finally, ValuEngine raised shares of Heritage Financial Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $31.75.

A number of institutional investors have recently modified their holdings of HFWA. Parametric Portfolio Associates LLC raised its position in shares of Heritage Financial Corporation by 5.7% in the 1st quarter. Parametric Portfolio Associates LLC now owns 41,335 shares of the financial services provider’s stock valued at $1,023,000 after buying an additional 2,243 shares in the last quarter. American International Group Inc. raised its position in shares of Heritage Financial Corporation by 7.0% in the 1st quarter. American International Group Inc. now owns 18,138 shares of the financial services provider’s stock valued at $449,000 after buying an additional 1,179 shares in the last quarter. Teachers Advisors LLC raised its position in shares of Heritage Financial Corporation by 5.4% in the 1st quarter. Teachers Advisors LLC now owns 103,042 shares of the financial services provider’s stock valued at $2,550,000 after buying an additional 5,277 shares in the last quarter. California Public Employees Retirement System raised its position in shares of Heritage Financial Corporation by 8.3% in the 1st quarter. California Public Employees Retirement System now owns 79,700 shares of the financial services provider’s stock valued at $1,973,000 after buying an additional 6,100 shares in the last quarter. Finally, Thrivent Financial For Lutherans acquired a new position in shares of Heritage Financial Corporation in the 1st quarter valued at approximately $700,000. Institutional investors and hedge funds own 75.54% of the company’s stock.

Heritage Financial Corporation Company Profile

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.

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

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