Cpwm LLC Takes Position in Heritage Financial Corp (HFWA)

Cpwm LLC acquired a new stake in Heritage Financial Corp (NASDAQ:HFWA) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 15,241 shares of the financial services provider’s stock, valued at approximately $536,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HFWA. Sei Investments Co. boosted its holdings in Heritage Financial by 61.5% during the second quarter. Sei Investments Co. now owns 4,919 shares of the financial services provider’s stock worth $172,000 after buying an additional 1,873 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Heritage Financial during the second quarter worth $211,000. Marshall & Sullivan Inc. WA boosted its holdings in Heritage Financial by 1,948.0% during the third quarter. Marshall & Sullivan Inc. WA now owns 6,144 shares of the financial services provider’s stock worth $216,000 after buying an additional 5,844 shares in the last quarter. Teachers Retirement System of The State of Kentucky purchased a new stake in Heritage Financial during the third quarter worth $228,000. Finally, Piedmont Investment Advisors LLC purchased a new stake in Heritage Financial during the second quarter worth $235,000. 84.18% of the stock is currently owned by hedge funds and other institutional investors.

HFWA opened at $32.54 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.03. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 21.99, a P/E/G ratio of 2.64 and a beta of 0.55. Heritage Financial Corp has a 52-week low of $28.46 and a 52-week high of $37.40.

Heritage Financial (NASDAQ:HFWA) last posted its quarterly earnings data on Thursday, October 25th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.01. The business had revenue of $59.18 million for the quarter, compared to the consensus estimate of $57.63 million. Heritage Financial had a net margin of 20.10% and a return on equity of 8.92%. On average, research analysts anticipate that Heritage Financial Corp will post 1.79 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 21st. Shareholders of record on Wednesday, November 7th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.09%. This is an increase from Heritage Financial’s previous quarterly dividend of $0.15. The ex-dividend date was Tuesday, November 6th. Heritage Financial’s dividend payout ratio (DPR) is presently 45.95%.

A number of brokerages recently issued reports on HFWA. BidaskClub raised shares of Heritage Financial from a “hold” rating to a “buy” rating in a report on Thursday, September 6th. Zacks Investment Research raised shares of Heritage Financial from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a report on Wednesday, September 26th. Finally, ValuEngine raised shares of Heritage Financial from a “hold” rating to a “buy” rating in a report on Friday, November 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. Heritage Financial presently has an average rating of “Hold” and a consensus target price of $36.25.

In other Heritage Financial news, Director Brian L. Vance sold 5,000 shares of the stock in a transaction on Monday, November 26th. The shares were sold at an average price of $34.49, for a total transaction of $172,450.00. Following the transaction, the director now directly owns 128,313 shares of the company’s stock, valued at $4,425,515.37. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Lisa Banner sold 1,326 shares of the stock in a transaction on Thursday, November 15th. The shares were sold at an average price of $33.44, for a total transaction of $44,341.44. Following the transaction, the director now directly owns 2,387 shares in the company, valued at $79,821.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,326 shares of company stock worth $390,491. Insiders own 2.70% of the company’s stock.

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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.

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

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