Heritage Financial Corp (NASDAQ:HFWA) Director John A. Clees Sells 1,000 Shares

Heritage Financial Corp (NASDAQ:HFWA) Director John A. Clees sold 1,000 shares of the business’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $31.07, for a total value of $31,070.00. Following the completion of the transaction, the director now directly owns 46,042 shares of the company’s stock, valued at approximately $1,430,524.94. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Heritage Financial Corp (NASDAQ:HFWA) opened at $31.75 on Friday. Heritage Financial Corp has a 52 week low of $22.50 and a 52 week high of $33.25. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $950.25, a P/E ratio of 23.01, a price-to-earnings-growth ratio of 2.24 and a beta of 0.47.

Heritage Financial (NASDAQ:HFWA) last posted its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.35 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.35. The business had revenue of $43.39 million during the quarter, compared to the consensus estimate of $42.85 million. Heritage Financial had a return on equity of 8.42% and a net margin of 23.48%. equities analysts anticipate that Heritage Financial Corp will post 1.42 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 8th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Tuesday, November 7th. This represents a $0.52 annualized dividend and a dividend yield of 1.64%. Heritage Financial’s dividend payout ratio (DPR) is 37.68%.

Several institutional investors and hedge funds have recently modified their holdings of HFWA. Teachers Advisors LLC raised its holdings in shares of Heritage Financial by 5.4% during the 1st quarter. Teachers Advisors LLC now owns 103,042 shares of the financial services provider’s stock worth $2,550,000 after acquiring an additional 5,277 shares in the last quarter. California Public Employees Retirement System raised its holdings in shares of Heritage Financial by 8.3% during the 1st quarter. California Public Employees Retirement System now owns 79,700 shares of the financial services provider’s stock worth $1,973,000 after acquiring an additional 6,100 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Heritage Financial by 6.1% during the 1st quarter. Vanguard Group Inc. now owns 1,215,131 shares of the financial services provider’s stock worth $30,074,000 after acquiring an additional 69,982 shares in the last quarter. Geode Capital Management LLC raised its holdings in Heritage Financial by 5.3% during the 1st quarter. Geode Capital Management LLC now owns 256,354 shares of the financial services provider’s stock valued at $6,344,000 after buying an additional 12,988 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its holdings in Heritage Financial by 5.3% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 101,730 shares of the financial services provider’s stock valued at $2,518,000 after buying an additional 5,130 shares during the period. 78.15% of the stock is currently owned by institutional investors and hedge funds.

HFWA has been the subject of several research reports. BidaskClub lowered shares of Heritage Financial from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 7th. ValuEngine raised shares of Heritage Financial from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. DA Davidson upped their price target on shares of Heritage Financial from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Tuesday, November 7th. FIG Partners raised shares of Heritage Financial from a “market-perform” rating to an “outperform” rating in a research report on Tuesday, December 12th. Finally, Zacks Investment Research upgraded Heritage Financial from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research note on Monday, October 30th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $31.75.

COPYRIGHT VIOLATION WARNING: This story was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this story on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://www.dispatchtribunal.com/2017/12/17/insider-selling-heritage-financial-corporation-hfwa-director-sells-31070-00-in-stock.html.

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.

Insider Buying and Selling by Quarter for Heritage Financial (NASDAQ:HFWA)

Receive News & Ratings for Heritage Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heritage Financial and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply