Shares of Heritage Financial Corp (NASDAQ:HFWA) have earned an average rating of “Buy” from the eight ratings firms that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $35.00.
A number of equities research analysts have weighed in on HFWA shares. Sandler O’Neill reissued a “buy” rating and issued a $35.50 price target on shares of Heritage Financial in a report on Friday, January 19th. BidaskClub raised shares of Heritage Financial from a “hold” rating to a “buy” rating in a report on Thursday, February 22nd. Zacks Investment Research downgraded shares of Heritage Financial from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. ValuEngine raised shares of Heritage Financial from a “hold” rating to a “buy” rating in a report on Saturday, February 17th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $33.00 price target on shares of Heritage Financial in a report on Friday, December 22nd.
Shares of Heritage Financial (NASDAQ:HFWA) traded down $0.05 during midday trading on Monday, reaching $31.65. 43,136 shares of the company’s stock were exchanged, compared to its average volume of 197,899. Heritage Financial has a 52 week low of $22.50 and a 52 week high of $33.25. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.22. The firm has a market cap of $1,093.53, a P/E ratio of 24.77, a price-to-earnings-growth ratio of 1.81 and a beta of 0.52.
Heritage Financial (NASDAQ:HFWA) last issued its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.06. Heritage Financial had a net margin of 21.16% and a return on equity of 8.86%. The company had revenue of $46.22 million during the quarter, compared to the consensus estimate of $43.74 million. sell-side analysts anticipate that Heritage Financial will post 1.77 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 21st. Shareholders of record on Wednesday, February 7th were paid a dividend of $0.15 per share. The ex-dividend date was Tuesday, February 6th. This is a positive change from Heritage Financial’s previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a yield of 1.90%. Heritage Financial’s dividend payout ratio is currently 46.88%.
Hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new stake in Heritage Financial during the third quarter valued at about $131,000. Macquarie Group Ltd. purchased a new stake in Heritage Financial during the third quarter valued at about $289,000. Teacher Retirement System of Texas purchased a new stake in Heritage Financial during the fourth quarter valued at about $314,000. MetLife Investment Advisors LLC purchased a new stake in Heritage Financial during the fourth quarter valued at about $389,000. Finally, First Quadrant L P CA purchased a new stake in Heritage Financial during the fourth quarter valued at about $633,000. 70.94% of the stock is owned by institutional investors.
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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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