NWQ Investment Management Company LLC cut its stake in shares of Heritage Financial Corporation (NASDAQ:HFWA) by 35.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 964,347 shares of the financial services provider’s stock after selling 521,754 shares during the period. NWQ Investment Management Company LLC owned about 3.22% of Heritage Financial worth $28,448,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in HFWA. MUFG Americas Holdings Corp raised its stake in Heritage Financial by 1.2% during the 2nd quarter. MUFG Americas Holdings Corp now owns 3,952 shares of the financial services provider’s stock valued at $105,000 after buying an additional 45 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Heritage Financial during the 3rd quarter valued at $131,000. Legal & General Group Plc raised its stake in Heritage Financial by 4.2% during the 2nd quarter. Legal & General Group Plc now owns 7,369 shares of the financial services provider’s stock valued at $195,000 after buying an additional 297 shares during the last quarter. Aperio Group LLC purchased a new stake in Heritage Financial during the 2nd quarter valued at $217,000. Finally, Susquehanna International Group LLP purchased a new stake in Heritage Financial during the 2nd quarter valued at $226,000. Institutional investors and hedge funds own 78.15% of the company’s stock.

HFWA has been the subject of a number of research reports. Piper Jaffray Companies set a $29.00 target price on shares of Heritage Financial and gave the company a “hold” rating in a research note on Monday, August 14th. ValuEngine upgraded shares of Heritage Financial from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research upgraded shares of Heritage Financial from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research note on Wednesday, September 27th. Finally, DA Davidson boosted their target price on shares of Heritage Financial from $35.00 to $36.00 and gave the company a “buy” rating in a research note on Tuesday, November 7th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $31.75.

Shares of Heritage Financial Corporation (NASDAQ:HFWA) opened at $31.55 on Thursday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $956.24, a price-to-earnings ratio of 23.15, a PEG ratio of 2.25 and a beta of 0.47. Heritage Financial Corporation has a 12 month low of $22.50 and a 12 month high of $33.25.

Heritage Financial (NASDAQ:HFWA) last posted its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.35 EPS for the quarter, hitting the consensus estimate of $0.35. The firm had revenue of $43.39 million during the quarter, compared to analyst estimates of $42.85 million. Heritage Financial had a return on equity of 8.42% and a net margin of 23.48%. research analysts anticipate that Heritage Financial Corporation will post 1.42 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 8th were paid a $0.13 dividend. The ex-dividend date was Tuesday, November 7th. This represents a $0.52 annualized dividend and a dividend yield of 1.65%. Heritage Financial’s dividend payout ratio (DPR) is 37.68%.

In other news, Director Anthony Pickering sold 11,000 shares of the company’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $30.76, for a total value of $338,360.00. Following the completion of the sale, the director now directly owns 48,085 shares in the company, valued at approximately $1,479,094.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brian L. Vance sold 5,636 shares of the company’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $30.76, for a total value of $173,363.36. Following the completion of the sale, the director now owns 142,011 shares of the company’s stock, valued at $4,368,258.36. The disclosure for this sale can be found here. Insiders sold a total of 19,636 shares of company stock valued at $604,023 over the last 90 days. 2.70% of the stock is currently owned by company insiders.

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Heritage Financial 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.

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

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