Heritage Financial (NASDAQ:HFWA) EVP Sells $129,070.20 in Stock

Heritage Financial Corporation (NASDAQ:HFWA) EVP Tony Chalfant sold 4,668 shares of the company’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $27.65, for a total transaction of $129,070.20. Following the completion of the transaction, the executive vice president owned 19,870 shares of the company’s stock, valued at $549,405.50. This represents a 19.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Heritage Financial Stock Up 1.3%

Heritage Financial stock opened at $28.09 on Friday. The company has a market capitalization of $953.94 million, a P/E ratio of 14.33 and a beta of 0.53. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.84 and a current ratio of 0.83. Heritage Financial Corporation has a fifty-two week low of $19.84 and a fifty-two week high of $28.44. The stock has a 50-day simple moving average of $25.46 and a 200-day simple moving average of $24.19.

Heritage Financial (NASDAQ:HFWA) last released its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.09. Heritage Financial had a return on equity of 8.61% and a net margin of 20.10%.The firm had revenue of $66.35 million for the quarter, compared to the consensus estimate of $65.95 million. Equities research analysts expect that Heritage Financial Corporation will post 2.09 earnings per share for the current year.

Heritage Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 11th. Investors of record on Wednesday, January 28th were given a $0.24 dividend. The ex-dividend date was Wednesday, January 28th. This represents a $0.96 annualized dividend and a yield of 3.4%. Heritage Financial’s dividend payout ratio is 48.98%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on HFWA. Weiss Ratings reissued a “hold (c)” rating on shares of Heritage Financial in a report on Thursday, January 22nd. Zacks Research downgraded shares of Heritage Financial from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 25th. DA Davidson raised their target price on shares of Heritage Financial from $29.00 to $32.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Wall Street Zen raised shares of Heritage Financial from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. Finally, Piper Sandler increased their price target on shares of Heritage Financial from $33.00 to $35.00 and gave the stock an “overweight” rating in a report on Thursday, February 5th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $31.25.

Hedge Funds Weigh In On Heritage Financial

Large investors have recently made changes to their positions in the stock. Fourthstone LLC purchased a new stake in Heritage Financial during the fourth quarter worth about $594,000. Martin & Co. Inc. TN lifted its position in shares of Heritage Financial by 2.2% during the 4th quarter. Martin & Co. Inc. TN now owns 135,443 shares of the financial services provider’s stock valued at $3,203,000 after acquiring an additional 2,856 shares during the period. State Street Corp boosted its stake in shares of Heritage Financial by 3.2% during the 4th quarter. State Street Corp now owns 1,573,458 shares of the financial services provider’s stock worth $37,212,000 after acquiring an additional 48,765 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Heritage Financial by 50.7% in the 4th quarter. Wells Fargo & Company MN now owns 43,106 shares of the financial services provider’s stock worth $1,019,000 after acquiring an additional 14,494 shares during the period. Finally, Jane Street Group LLC increased its stake in Heritage Financial by 6.5% in the 4th quarter. Jane Street Group LLC now owns 49,868 shares of the financial services provider’s stock valued at $1,179,000 after purchasing an additional 3,024 shares in the last quarter. Hedge funds and other institutional investors own 78.30% of the company’s stock.

Heritage Financial Company Profile

Heritage Financial Corporation (NASDAQ:HFWA) is a bank holding company headquartered in Spokane, Washington. Through its primary subsidiary, Heritage Bank, the company provides a comprehensive range of banking and financial services to both individual and commercial clients. Heritage Bank’s offerings encompass deposit products, lending solutions, treasury and cash management services, mortgage banking, and wealth management, positioning the organization as a full-service community bank.

The company’s lending portfolio includes commercial real estate loans, agricultural loans, small business administration (SBA) loans, construction and development financing, and a variety of consumer mortgage products.