Heritage Financial Corp (NASDAQ:HFWA) declared a quarterly dividend on Thursday, January 25th, NASDAQ reports. Investors of record on Wednesday, February 7th will be given a dividend of 0.15 per share by the financial services provider on Wednesday, February 21st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date is Tuesday, February 6th. This is a positive change from Heritage Financial’s previous quarterly dividend of $0.13.

Heritage Financial (HFWA) opened at $31.25 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market capitalization of $1,063.80, a P/E ratio of 21.26, a P/E/G ratio of 1.74 and a beta of 0.50. Heritage Financial has a 1-year low of $22.50 and a 1-year high of $33.25.

Heritage Financial (NASDAQ:HFWA) last posted its earnings results on Thursday, January 25th. The financial services provider reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. The business had revenue of $46.22 million for the quarter, compared to analyst estimates of $43.74 million. Heritage Financial had a return on equity of 8.90% and a net margin of 21.16%. analysts anticipate that Heritage Financial will post 1.79 earnings per share for the current fiscal year.

In related news, Director Brian L. Vance sold 5,636 shares of the business’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 directly owns 142,011 shares in the company, valued at approximately $4,368,258.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John A. Clees sold 1,000 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $30.01, for a total value of $30,010.00. Following the completion of the sale, the director now owns 47,042 shares of the company’s stock, valued at $1,411,730.42. The disclosure for this sale can be found here. Insiders sold a total of 10,636 shares of company stock valued at $329,223 over the last 90 days. 2.70% of the stock is currently owned by corporate insiders.

A number of research analysts recently weighed in on HFWA shares. BidaskClub lowered Heritage Financial from a “buy” rating to a “hold” rating in a report on Friday, December 29th. FIG Partners raised Heritage Financial from a “market-perform” rating to an “outperform” rating in a report on Tuesday, December 12th. DA Davidson boosted their target price on Heritage Financial from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Tuesday, November 7th. Piper Jaffray Companies reissued a “hold” rating and set a $33.00 target price on shares of Heritage Financial in a report on Tuesday, January 9th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $33.00 target price on shares of Heritage Financial in a report on Friday, December 22nd. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Heritage Financial has an average rating of “Buy” and a consensus target price of $34.60.

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Heritage Financial 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.

Dividend History for Heritage Financial (NASDAQ:HFWA)

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