Press coverage about Heritage Financial (NASDAQ:HFWA) has trended somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Heritage Financial earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 45.5577183410045 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
Shares of Heritage Financial (HFWA) opened at $31.05 on Thursday. Heritage Financial has a 52-week low of $22.50 and a 52-week high of $33.25. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market cap of $929.30, a price-to-earnings ratio of 22.34, a P/E/G ratio of 1.85 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 (EPS) for the quarter, meeting the consensus estimate of $0.35. Heritage Financial had a net margin of 23.48% and a return on equity of 8.42%. The business had revenue of $43.39 million during the quarter, compared to the consensus estimate of $42.85 million. equities analysts forecast that Heritage Financial will post 1.42 earnings per share for the current year.
Several analysts have recently weighed in on the stock. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $33.00 price objective on shares of Heritage Financial in a research note on Friday, December 22nd. BidaskClub lowered shares of Heritage Financial from a “buy” rating to a “hold” rating in a research note on Saturday, December 16th. FIG Partners upgraded shares of Heritage Financial from a “market-perform” rating to an “outperform” rating in a research note on Tuesday, December 12th. Piper Jaffray Companies reiterated a “hold” rating and issued a $33.00 price objective on shares of Heritage Financial in a research note on Tuesday. Finally, ValuEngine upgraded shares of Heritage Financial from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Heritage Financial has a consensus rating of “Buy” and a consensus price target of $34.25.
In related news, Director Anthony Pickering sold 11,000 shares of Heritage Financial stock in a transaction on Monday, October 30th. The shares were sold at an average price of $30.76, for a total value of $338,360.00. Following the completion of the sale, the director now owns 48,085 shares of the company’s stock, valued at approximately $1,479,094.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director John A. Clees sold 1,000 shares of Heritage Financial stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $30.01, for a total transaction of $30,010.00. Following the completion of the sale, the director now directly owns 47,042 shares of the company’s stock, valued at approximately $1,411,730.42. The disclosure for this sale can be found here. In the last three months, insiders sold 21,636 shares of company stock valued at $667,583. 2.70% of the stock is currently owned by insiders.
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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.
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