Heritage Financial Corporation (NASDAQ:HFWA) issued its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.35, MarketWatch Earnings reports. Heritage Financial Corporation had a return on equity of 8.50% and a net margin of 23.48%. The company had revenue of $43.39 million during the quarter, compared to analysts’ expectations of $42.85 million.
Shares of Heritage Financial Corporation (NASDAQ HFWA) traded down $0.10 during mid-day trading on Friday, hitting $29.45. The company had a trading volume of 116,900 shares, compared to its average volume of 178,624. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $881.41, a PE ratio of 21.34, a P/E/G ratio of 2.07 and a beta of 0.44. Heritage Financial Corporation has a fifty-two week low of $20.00 and a fifty-two week high of $31.65.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Wednesday, November 8th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.77%. The ex-dividend date is Tuesday, November 7th. Heritage Financial Corporation’s dividend payout ratio (DPR) is currently 37.68%.
In other Heritage Financial Corporation news, CFO Donald Hinson sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $31.22, for a total transaction of $31,220.00. Following the completion of the transaction, the chief financial officer now directly owns 33,288 shares in the company, valued at $1,039,251.36. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Brian L. Vance sold 5,636 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $30.76, for a total transaction of $173,363.36. Following the transaction, 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. Over the last 90 days, insiders have sold 18,163 shares of company stock valued at $556,745. Company insiders own 2.70% of the company’s stock.
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HFWA has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Heritage Financial Corporation from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a report on Wednesday, September 27th. Piper Jaffray Companies set a $29.00 price objective on Heritage Financial Corporation and gave the stock a “hold” rating in a report on Monday, August 14th. DA Davidson boosted their price objective on Heritage Financial Corporation from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Tuesday, November 7th. Finally, ValuEngine upgraded Heritage Financial Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. 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 currently has an average rating of “Buy” and an average price target of $31.75.
About Heritage Financial Corporation
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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