Q3 2018 EPS Estimates for Heritage Financial Co. Boosted by Analyst (NASDAQ:HFWA)

Heritage Financial Co. (NASDAQ:HFWA) – DA Davidson increased their Q3 2018 EPS estimates for shares of Heritage Financial in a report released on Monday, March 12th, Zacks Investment Research reports. DA Davidson analyst J. Rulis now anticipates that the financial services provider will post earnings per share of $0.47 for the quarter, up from their previous forecast of $0.46. DA Davidson also issued estimates for Heritage Financial’s Q4 2018 earnings at $0.47 EPS, FY2018 earnings at $1.82 EPS and FY2019 earnings at $2.10 EPS.

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Heritage Financial (NASDAQ:HFWA) last announced its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.42 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $43.74 million.

Several other brokerages have also weighed in on HFWA. ValuEngine raised Heritage Financial from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Keefe, Bruyette & Woods raised Heritage Financial from a “market perform” rating to an “outperform” rating in a report on Monday, March 12th. BidaskClub lowered Heritage Financial from a “buy” rating to a “hold” rating in a report on Saturday, March 3rd. Piper Jaffray reaffirmed a “hold” rating and set a $33.00 target price on shares of Heritage Financial in a report on Tuesday, January 9th. Finally, FIG Partners raised Heritage Financial from a “market-perform” rating to an “outperform” rating in a report on Tuesday, December 12th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Heritage Financial has an average rating of “Buy” and an average target price of $34.60.

HFWA traded down $0.95 during trading hours on Tuesday, hitting $29.95. The stock had a trading volume of 148,281 shares, compared to its average volume of 215,065. Heritage Financial has a 1 year low of $23.00 and a 1 year high of $33.25. The firm has a market cap of $1,042.51, a P/E ratio of 20.24, a price-to-earnings-growth ratio of 1.72 and a beta of 0.49. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.84 and a current ratio of 0.84.

A number of hedge funds have recently bought and sold shares of the business. Parametric Portfolio Associates LLC grew its holdings in Heritage Financial by 2.3% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 42,284 shares of the financial services provider’s stock valued at $1,121,000 after buying an additional 949 shares in the last quarter. Schroder Investment Management Group grew its holdings in Heritage Financial by 0.3% during the 3rd quarter. Schroder Investment Management Group now owns 637,262 shares of the financial services provider’s stock valued at $18,895,000 after buying an additional 2,050 shares in the last quarter. New York State Common Retirement Fund grew its holdings in Heritage Financial by 5.5% during the 3rd quarter. New York State Common Retirement Fund now owns 46,323 shares of the financial services provider’s stock valued at $1,367,000 after buying an additional 2,408 shares in the last quarter. Martin & Co. Inc. TN grew its holdings in Heritage Financial by 4.7% during the 4th quarter. Martin & Co. Inc. TN now owns 64,879 shares of the financial services provider’s stock valued at $1,998,000 after buying an additional 2,885 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Heritage Financial by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 262,874 shares of the financial services provider’s stock valued at $8,096,000 after buying an additional 3,226 shares in the last quarter. 70.94% of the stock is owned by institutional investors and hedge funds.

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About Heritage Financial

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.

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Earnings History and Estimates for Heritage Financial (NASDAQ:HFWA)

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