American Century Companies Inc. purchased a new position in shares of Heritage Financial Corp (NASDAQ:HFWA) during the 4th quarter, HoldingsChannel reports. The firm purchased 164,290 shares of the financial services provider’s stock, valued at approximately $5,060,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in shares of Heritage Financial during the 3rd quarter worth about $131,000. Macquarie Group Ltd. acquired a new position in shares of Heritage Financial during the 3rd quarter worth about $289,000. Voya Investment Management LLC boosted its position in shares of Heritage Financial by 11.3% during the 2nd quarter. Voya Investment Management LLC now owns 16,922 shares of the financial services provider’s stock worth $448,000 after acquiring an additional 1,715 shares in the last quarter. First Quadrant L P CA acquired a new position in shares of Heritage Financial during the 4th quarter worth about $633,000. Finally, Cigna Investments Inc. New acquired a new position in shares of Heritage Financial during the 4th quarter worth about $644,000. Institutional investors own 73.43% of the company’s stock.
Several research firms have recently issued reports on HFWA. BidaskClub raised Heritage Financial from a “hold” rating to a “buy” rating in a research report on Thursday. ValuEngine raised Heritage Financial from a “hold” rating to a “buy” rating in a research report on Saturday, February 17th. Sandler O’Neill reaffirmed a “buy” rating and set a $36.00 price objective on shares of Heritage Financial in a research report on Friday, January 26th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $33.00 price objective on shares of Heritage Financial in a research report on Tuesday, January 9th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $33.00 price objective on shares of Heritage Financial in a research report on Friday, December 22nd. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Heritage Financial currently has an average rating of “Buy” and a consensus target price of $34.60.
Heritage Financial Corp (NASDAQ HFWA) opened at $31.10 on Friday. The stock has a market capitalization of $1,061.25, a PE ratio of 24.30, a PEG ratio of 1.72 and a beta of 0.50. 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 Corp has a 1 year low of $22.50 and a 1 year high of $33.25.
Heritage Financial (NASDAQ:HFWA) last announced its earnings results on Thursday, January 25th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. The firm had revenue of $46.22 million during the quarter, compared to analysts’ expectations of $43.74 million. Heritage Financial had a return on equity of 8.90% and a net margin of 21.16%. equities research analysts predict that Heritage Financial Corp will post 1.81 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, February 21st. Investors of record on Wednesday, February 7th were given a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, February 6th. This is a boost from Heritage Financial’s previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.93%. Heritage Financial’s dividend payout ratio is 46.88%.
In related news, Director Brian Charneski sold 2,000 shares of the company’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $31.78, for a total value of $63,560.00. Following the completion of the sale, the director now directly owns 29,602 shares of the company’s stock, valued at approximately $940,751.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director John A. Clees sold 1,000 shares of the company’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $31.07, for a total value of $31,070.00. Following the completion of the sale, the director now directly owns 46,042 shares of the company’s stock, valued at $1,430,524.94. The disclosure for this sale can be found here. 2.70% of the stock is owned by corporate 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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