Shares of Heritage Financial Corp (NASDAQ:HFWA) have been given a consensus rating of “Hold” by the six research firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $35.50.

HFWA has been the subject of a number of recent research reports. Zacks Investment Research downgraded Heritage Financial from a “buy” rating to a “hold” rating in a research report on Thursday, March 28th. BidaskClub downgraded Heritage Financial from a “sell” rating to a “strong sell” rating in a research note on Friday, March 22nd. Finally, Stephens reaffirmed a “hold” rating and issued a $36.00 price objective on shares of Heritage Financial in a research note on Thursday, March 21st.

In other news, Director Brian L. Vance sold 13,621 shares of Heritage Financial stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $31.53, for a total value of $429,470.13. Following the completion of the transaction, the director now owns 115,630 shares in the company, valued at approximately $3,645,813.90. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Donald Hinson sold 3,268 shares of Heritage Financial stock in a transaction that occurred on Wednesday, February 6th. The stock was sold at an average price of $31.60, for a total value of $103,268.80. Following the completion of the transaction, the chief financial officer now owns 30,625 shares of the company’s stock, valued at approximately $967,750. The disclosure for this sale can be found here. Insiders have sold 17,600 shares of company stock valued at $555,221 in the last quarter. 1.60% of the stock is currently owned by company insiders.

Several institutional investors have recently made changes to their positions in HFWA. BlackRock Inc. raised its position in Heritage Financial by 1.7% during the 4th quarter. BlackRock Inc. now owns 5,227,934 shares of the financial services provider’s stock valued at $155,374,000 after purchasing an additional 86,549 shares in the last quarter. Vanguard Group Inc increased its holdings in shares of Heritage Financial by 4.8% in the 3rd quarter. Vanguard Group Inc now owns 1,896,237 shares of the financial services provider’s stock valued at $66,652,000 after acquiring an additional 86,143 shares during the period. Vanguard Group Inc. increased its holdings in shares of Heritage Financial by 4.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,896,237 shares of the financial services provider’s stock valued at $66,652,000 after acquiring an additional 86,143 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Heritage Financial by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,728,242 shares of the financial services provider’s stock valued at $51,364,000 after acquiring an additional 23,241 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Heritage Financial by 4.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 837,848 shares of the financial services provider’s stock valued at $29,451,000 after acquiring an additional 36,948 shares during the period. Hedge funds and other institutional investors own 81.84% of the company’s stock.

HFWA traded down $0.64 on Thursday, hitting $30.71. 6,187 shares of the company’s stock were exchanged, compared to its average volume of 99,426. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 17.73, a price-to-earnings-growth ratio of 2.13 and a beta of 0.71. Heritage Financial has a twelve month low of $27.98 and a twelve month high of $37.40. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.03.

Heritage Financial (NASDAQ:HFWA) last released its quarterly earnings data on Thursday, January 24th. The financial services provider reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.03). The business had revenue of $59.73 million for the quarter, compared to analyst estimates of $59.40 million. Heritage Financial had a return on equity of 8.82% and a net margin of 22.94%. Research analysts anticipate that Heritage Financial will post 2.08 earnings per share for the current year.

Heritage Financial Company Profile

Heritage Financial Corporation operates as the bank holding company for Heritage Bank that provides various financial services to businesses and individuals in the United States. The company accepts various deposit products, such as noninterest demand accounts, interest bearing demand deposits, money market accounts, savings accounts, personal checking accounts, and certificates of deposit.

Further Reading: Are sell-side analysts objective?

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