Media coverage about Heritage Financial (NASDAQ:HFWA) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring 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 news impact score of 0.21 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 45.5577183410045 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
HFWA has been the subject of a number of research reports. Keefe, Bruyette & Woods restated a “hold” rating and set a $33.00 price objective on shares of Heritage Financial in a research note on Friday, December 22nd. BidaskClub downgraded 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 target price on shares of Heritage Financial in a research note on Tuesday, January 9th. Finally, ValuEngine upgraded shares of Heritage Financial from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Heritage Financial currently has an average rating of “Buy” and a consensus target price of $34.25.
Heritage Financial (NASDAQ HFWA) opened at $31.85 on Thursday. Heritage Financial has a fifty-two week low of $22.50 and a fifty-two week high of $33.25. The company has a market cap of $944.27, a P/E ratio of 23.08, a PEG ratio of 1.85 and a beta of 0.47. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.27.
Heritage Financial (NASDAQ:HFWA) last issued its earnings results on Thursday, October 26th. The financial services provider reported $0.35 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.35. The firm had revenue of $43.39 million for the quarter, compared to analyst estimates of $42.85 million. Heritage Financial had a net margin of 23.48% and a return on equity of 8.42%. research analysts predict that Heritage Financial will post 1.42 EPS for the current fiscal year.
In related news, Director Anthony Pickering sold 11,000 shares of the business’s 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 transaction, the director now owns 48,085 shares in the company, valued at $1,479,094.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Brian Charneski sold 2,000 shares of the business’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $31.78, for a total transaction of $63,560.00. Following the completion of the transaction, the director now owns 29,602 shares in the company, valued at approximately $940,751.56. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,636 shares of company stock worth $667,583. 2.70% of the stock is owned by company 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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