Equities research analysts expect Heritage Financial Corp (NASDAQ:HFWA) to announce earnings of $0.46 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Heritage Financial’s earnings, with estimates ranging from $0.45 to $0.47. Heritage Financial posted earnings per share of $0.47 in the same quarter last year, which suggests a negative year over year growth rate of 2.1%. The company is scheduled to announce its next quarterly earnings report on Thursday, January 23rd.

On average, analysts expect that Heritage Financial will report full year earnings of $1.82 per share for the current year, with EPS estimates ranging from $1.80 to $1.83. For the next year, analysts anticipate that the company will post earnings of $1.77 per share, with EPS estimates ranging from $1.68 to $1.90. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Heritage Financial.

Heritage Financial (NASDAQ:HFWA) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. Heritage Financial had a return on equity of 8.67% and a net margin of 26.72%. The business had revenue of $58.70 million for the quarter, compared to the consensus estimate of $59.04 million.

HFWA has been the topic of several recent research reports. ValuEngine raised Heritage Financial from a “sell” rating to a “hold” rating in a report on Monday, August 12th. Zacks Investment Research upgraded Heritage Financial from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. DA Davidson lowered Heritage Financial from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 12th. BidaskClub cut Heritage Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, November 20th. Finally, Stephens reiterated a “hold” rating and set a $29.00 price target on shares of Heritage Financial in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $31.67.

In other news, COO Bryan Mcdonald sold 4,000 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $26.67, for a total value of $106,680.00. Following the completion of the transaction, the chief operating officer now directly owns 11,119 shares of the company’s stock, valued at approximately $296,543.73. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Brian L. Vance sold 2,274 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $26.82, for a total value of $60,988.68. Following the transaction, the director now owns 98,737 shares of the company’s stock, valued at approximately $2,648,126.34. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

A number of large investors have recently made changes to their positions in HFWA. State Street Corp increased its position in shares of Heritage Financial by 2.3% during the 3rd quarter. State Street Corp now owns 1,142,149 shares of the financial services provider’s stock worth $30,792,000 after purchasing an additional 25,674 shares in the last quarter. Invesco Ltd. grew its position in Heritage Financial by 110.8% during the 2nd quarter. Invesco Ltd. now owns 1,059,728 shares of the financial services provider’s stock worth $31,305,000 after acquiring an additional 557,062 shares during the last quarter. Northern Trust Corp grew its position in Heritage Financial by 1.3% during the 2nd quarter. Northern Trust Corp now owns 631,389 shares of the financial services provider’s stock worth $18,651,000 after acquiring an additional 7,923 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Heritage Financial by 0.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 472,533 shares of the financial services provider’s stock valued at $13,959,000 after purchasing an additional 2,970 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in Heritage Financial by 55.6% during the 2nd quarter. Wells Fargo & Company MN now owns 333,559 shares of the financial services provider’s stock valued at $9,853,000 after purchasing an additional 119,188 shares in the last quarter. Hedge funds and other institutional investors own 80.19% of the company’s stock.

Heritage Financial stock opened at $27.03 on Thursday. The business has a 50 day moving average price of $27.73 and a two-hundred day moving average price of $27.97. 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 has a 12 month low of $25.24 and a 12 month high of $35.63. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 15.36 and a beta of 0.73.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 7th were paid a $0.19 dividend. The ex-dividend date was Wednesday, November 6th. This represents a $0.76 dividend on an annualized basis and a yield of 2.81%. Heritage Financial’s payout ratio is currently 43.18%.

About Heritage Financial

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.

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Earnings History and Estimates for Heritage Financial (NASDAQ:HFWA)

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