Heritage Financial Corp (NASDAQ:HFWA) Shares Sold by Xact Kapitalforvaltning AB

Xact Kapitalforvaltning AB trimmed its stake in shares of Heritage Financial Corp (NASDAQ:HFWA) by 23.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,023 shares of the financial services provider’s stock after selling 3,000 shares during the period. Xact Kapitalforvaltning AB’s holdings in Heritage Financial were worth $302,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Swiss National Bank raised its stake in Heritage Financial by 3.1% in the 1st quarter. Swiss National Bank now owns 67,168 shares of the financial services provider’s stock worth $2,024,000 after purchasing an additional 2,000 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Heritage Financial by 0.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,733,135 shares of the financial services provider’s stock worth $52,237,000 after purchasing an additional 4,893 shares in the last quarter. Vista Capital Partners Inc. acquired a new stake in Heritage Financial in the 1st quarter worth about $879,000. First Trust Advisors LP raised its stake in Heritage Financial by 3.5% in the 1st quarter. First Trust Advisors LP now owns 68,656 shares of the financial services provider’s stock worth $2,069,000 after purchasing an additional 2,340 shares in the last quarter. Finally, Piedmont Investment Advisors Inc. raised its stake in Heritage Financial by 6.6% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 8,482 shares of the financial services provider’s stock worth $256,000 after purchasing an additional 526 shares in the last quarter. Institutional investors and hedge funds own 81.44% of the company’s stock.

HFWA has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Heritage Financial from a “sell” rating to a “hold” rating in a research report on Friday, February 15th. Stephens initiated coverage on shares of Heritage Financial in a research report on Wednesday, March 6th. They issued an “equal weight” rating and a $36.00 target price for the company. BidaskClub cut shares of Heritage Financial from a “sell” rating to a “strong sell” rating in a research report on Friday, March 22nd. Finally, Sandler O’Neill cut shares of Heritage Financial from a “buy” rating to a “hold” rating and dropped their target price for the company from $34.00 to $32.00 in a research report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $34.00.

Shares of NASDAQ:HFWA opened at $29.36 on Friday. The company has a market capitalization of $1.09 billion, a PE ratio of 16.75, a PEG ratio of 2.11 and a beta of 0.74. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.06. Heritage Financial Corp has a 12 month low of $27.81 and a 12 month high of $37.40.

Heritage Financial (NASDAQ:HFWA) last issued its earnings results on Thursday, April 25th. The financial services provider reported $0.45 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.04). The firm had revenue of $57.22 million during the quarter, compared to analyst estimates of $59.73 million. Heritage Financial had a net margin of 25.04% and a return on equity of 8.77%. As a group, research analysts expect that Heritage Financial Corp will post 1.99 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.45%. The ex-dividend date was Tuesday, May 7th. Heritage Financial’s payout ratio is presently 40.91%.

In related news, Director Brian L. Vance sold 3,885 shares of Heritage Financial stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $30.74, for a total transaction of $119,424.90. Following the sale, the director now directly owns 101,011 shares of the company’s stock, valued at approximately $3,105,078.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lisa Banner sold 976 shares of Heritage Financial stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $29.25, for a total transaction of $28,548.00. Following the sale, the director now directly owns 731 shares in the company, valued at $21,381.75. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by insiders.

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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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