Metropolitan Life Insurance Co. NY Cuts Position in Heritage Financial Co. (HFWA)

Metropolitan Life Insurance Co. NY decreased its holdings in Heritage Financial Co. (NASDAQ:HFWA) by 48.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 9,723 shares of the financial services provider’s stock after selling 9,002 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Heritage Financial were worth $299,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Forest Hill Capital LLC raised its holdings in Heritage Financial by 1.5% in the fourth quarter. Forest Hill Capital LLC now owns 389,117 shares of the financial services provider’s stock valued at $11,985,000 after buying an additional 5,800 shares during the period. Goldman Sachs Group Inc. raised its holdings in Heritage Financial by 0.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 978,324 shares of the financial services provider’s stock valued at $30,133,000 after buying an additional 8,011 shares during the period. Deutsche Bank AG grew its position in Heritage Financial by 87.7% in the fourth 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. Alliancebernstein L.P. grew its position in Heritage Financial by 598.1% in the fourth 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. Finally, Cardinal Capital Management LLC CT grew its position in Heritage Financial by 1,407.6% in the fourth quarter. Cardinal Capital Management LLC CT now owns 288,247 shares of the financial services provider’s stock valued at $8,878,000 after acquiring an additional 269,127 shares in the last quarter. Hedge funds and other institutional investors own 71.10% of the company’s stock.

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Shares of NASDAQ:HFWA opened at $31.30 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.84 and a quick ratio of 0.84. Heritage Financial Co. has a 52-week low of $23.00 and a 52-week high of $33.25. The company has a market capitalization of $1,051.01, a price-to-earnings ratio of 21.15, a PEG ratio of 1.73 and a beta of 0.49.

Heritage Financial (NASDAQ:HFWA) last issued its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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. analysts anticipate that Heritage Financial Co. will post 1.78 EPS for the current fiscal year.

Several analysts have issued reports on HFWA shares. BidaskClub raised shares of Heritage Financial from a “hold” rating to a “buy” rating in a research report on Saturday, April 14th. ValuEngine raised shares of 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 issued a $36.00 price objective on shares of Heritage Financial in a research report on Friday, January 26th. Zacks Investment Research downgraded shares of Heritage Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $33.00 price objective on shares of Heritage Financial in a research report on Friday, December 22nd. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $34.60.

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Heritage Financial Company 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.

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Institutional Ownership by Quarter for Heritage Financial (NASDAQ:HFWA)

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