GSA Capital Partners LLP lifted its holdings in Heritage Financial Corp (NASDAQ:HFWA) by 65.7% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 40,439 shares of the financial services provider’s stock after purchasing an additional 16,041 shares during the period. GSA Capital Partners LLP owned approximately 0.14% of Heritage Financial worth $1,193,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in HFWA. Aperio Group LLC acquired a new position in shares of Heritage Financial in the second quarter valued at approximately $217,000. Sei Investments Co. grew its holdings in Heritage Financial by 6.5% during the 2nd quarter. Sei Investments Co. now owns 45,198 shares of the financial services provider’s stock worth $1,198,000 after acquiring an additional 2,770 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in Heritage Financial by 10.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 112,776 shares of the financial services provider’s stock worth $2,989,000 after acquiring an additional 11,046 shares in the last quarter. Alps Advisors Inc. grew its holdings in Heritage Financial by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 20,120 shares of the financial services provider’s stock worth $533,000 after acquiring an additional 52 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Heritage Financial by 135.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 463,253 shares of the financial services provider’s stock worth $12,276,000 after acquiring an additional 266,882 shares in the last quarter. Hedge funds and other institutional investors own 78.13% of the company’s stock.
In related news, Director John A. Clees sold 1,000 shares of the stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $30.01, for a total value of $30,010.00. Following the sale, the director now directly owns 47,042 shares of the company’s stock, valued at approximately $1,411,730.42. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Anthony Pickering sold 11,000 shares of the stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $30.76, for a total transaction of $338,360.00. Following the completion of the sale, the director now directly owns 48,085 shares in the company, valued at $1,479,094.60. The disclosure for this sale can be found here. Insiders sold a total of 21,636 shares of company stock valued at $667,583 in the last quarter. Insiders own 2.70% of the company’s stock.
Several research analysts have commented on the stock. BidaskClub cut shares of Heritage Financial from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 7th. DA Davidson upped their target price on shares of Heritage Financial from $35.00 to $36.00 and gave the company a “buy” rating in a report on Tuesday, November 7th. FIG Partners upgraded shares of Heritage Financial from a “market-perform” rating to an “outperform” rating in a report on Tuesday, December 12th. Zacks Investment Research upgraded shares of Heritage Financial from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a report on Monday, October 30th. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $33.00 target price on shares of Heritage Financial in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $34.25.
Shares of Heritage Financial Corp (HFWA) traded up $0.10 during trading on Friday, reaching $31.80. 115,658 shares of the company’s stock were exchanged, compared to its average volume of 117,362. The stock has a market cap of $948.76, a P/E ratio of 23.04, a P/E/G ratio of 1.86 and a beta of 0.47. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.85 and a current ratio of 0.85. Heritage Financial Corp has a 52 week low of $22.50 and a 52 week high of $33.25.
Heritage Financial (NASDAQ:HFWA) last announced its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.35 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.35. The company had revenue of $43.39 million during the quarter, compared to the consensus estimate of $42.85 million. Heritage Financial had a net margin of 23.48% and a return on equity of 8.42%. equities analysts anticipate that Heritage Financial Corp will post 1.42 EPS for the current year.
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About Heritage Financial
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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