Martin & Co. Inc. TN raised its stake in Heritage Financial Co. (NASDAQ:HFWA) by 4.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,879 shares of the financial services provider’s stock after acquiring an additional 2,885 shares during the period. Martin & Co. Inc. TN’s holdings in Heritage Financial were worth $1,998,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. MetLife Investment Advisors LLC acquired a new position in Heritage Financial in the 4th quarter valued at $389,000. Forest Hill Capital LLC raised its holdings in Heritage Financial by 1.5% in the 4th quarter. Forest Hill Capital LLC now owns 389,117 shares of the financial services provider’s stock valued at $11,985,000 after acquiring an additional 5,800 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Heritage Financial by 0.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 978,324 shares of the financial services provider’s stock valued at $30,133,000 after acquiring an additional 8,011 shares in the last quarter. Deutsche Bank AG raised its holdings in Heritage Financial by 87.7% in the 4th quarter. Deutsche Bank AG now owns 126,917 shares of the financial services provider’s stock valued at $3,907,000 after acquiring an additional 59,292 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in Heritage Financial by 598.1% in the 4th quarter. Alliancebernstein L.P. now owns 853,510 shares of the financial services provider’s stock valued at $26,288,000 after acquiring an additional 731,242 shares in the last quarter. 70.94% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently commented on the company. Zacks Investment Research cut Heritage Financial from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. BidaskClub raised Heritage Financial from a “hold” rating to a “buy” rating in a report on Thursday, February 22nd. Keefe, Bruyette & Woods raised Heritage Financial from a “market perform” rating to an “outperform” rating in a report on Monday, March 12th. ValuEngine raised Heritage Financial from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, Sandler O’Neill reissued a “buy” rating and set a $35.50 price target on shares of Heritage Financial in a report on Friday, January 19th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $34.60.
Heritage Financial stock opened at $32.25 on Monday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.22. Heritage Financial Co. has a fifty-two week low of $22.50 and a fifty-two week high of $33.25. The company has a market capitalization of $1,093.53, a price-to-earnings ratio of 25.12, a PEG ratio of 1.80 and a beta of 0.52.
Heritage Financial (NASDAQ:HFWA) last posted its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. Heritage Financial had a return on equity of 8.86% and a net margin of 21.16%. The company had revenue of $46.22 million during the quarter, compared to analysts’ expectations of $43.74 million. research analysts expect that Heritage Financial Co. will post 1.78 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 21st. Investors of record on Wednesday, February 7th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $0.60 dividend on an annualized basis and a yield of 1.86%. This is a positive change from Heritage Financial’s previous quarterly dividend of $0.13. Heritage Financial’s payout ratio is currently 46.88%.
TRADEMARK VIOLATION WARNING: “Martin & Co. Inc. TN Has $2 Million Holdings in Heritage Financial Co. (HFWA)” was first posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece on another domain, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The original version of this piece can be read at https://www.dispatchtribunal.com/2018/03/19/martin-co-inc-tn-has-2-million-holdings-in-heritage-financial-co-hfwa.html.
Heritage Financial Profile
Heritage Financial Corporation operates as the bank holding company for Heritage Bank that provides various financial services to businesses and individuals in the United States. The company accepts various deposit products, such as noninterest demand accounts, interest bearing demand deposits, money market accounts, savings accounts, personal checking accounts, and certificates of deposit.
Want to see what other hedge funds are holding HFWA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Heritage Financial Co. (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.