Heritage Financial Corp (HFWA) Director Sells $44,341.44 in Stock
Heritage Financial Corp (NASDAQ:HFWA) Director Lisa Banner sold 1,326 shares of the firm’s stock in a transaction dated Thursday, November 15th. The shares were sold at an average price of $33.44, for a total transaction of $44,341.44. Following the completion of the transaction, the director now directly owns 2,387 shares in the company, valued at $79,821.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
HFWA stock traded up $0.21 during mid-day trading on Friday, hitting $34.18. The stock had a trading volume of 7,820 shares, compared to its average volume of 159,283. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.03. Heritage Financial Corp has a 52 week low of $28.46 and a 52 week high of $37.40. The firm has a market cap of $1.24 billion, a P/E ratio of 23.09, a P/E/G ratio of 2.69 and a beta of 0.55.
Heritage Financial (NASDAQ:HFWA) last released its earnings results on Thursday, October 25th. The financial services provider reported $0.49 EPS for the quarter, beating the consensus estimate of $0.48 by $0.01. Heritage Financial had a net margin of 20.10% and a return on equity of 8.92%. The firm had revenue of $59.18 million for the quarter, compared to analyst estimates of $57.63 million. Equities analysts predict that Heritage Financial Corp will post 1.79 EPS for the current year.
Several research firms have commented on HFWA. BidaskClub raised shares of Heritage Financial from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 24th. Keefe, Bruyette & Woods lowered shares of Heritage Financial from an “outperform” rating to a “market perform” rating in a report on Thursday, July 26th. Zacks Investment Research lowered shares of Heritage Financial from a “buy” rating to a “hold” rating in a report on Friday, July 27th. Finally, ValuEngine raised shares of Heritage Financial from a “hold” rating to a “buy” rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $36.25.
Several institutional investors have recently made changes to their positions in HFWA. Sei Investments Co. grew its holdings in shares of Heritage Financial by 61.5% during the 2nd quarter. Sei Investments Co. now owns 4,919 shares of the financial services provider’s stock valued at $172,000 after purchasing an additional 1,873 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Heritage Financial during the 2nd quarter valued at approximately $211,000. Marshall & Sullivan Inc. WA grew its holdings in shares of Heritage Financial by 1,948.0% during the 3rd quarter. Marshall & Sullivan Inc. WA now owns 6,144 shares of the financial services provider’s stock valued at $216,000 after purchasing an additional 5,844 shares during the last quarter. Teachers Retirement System of The State of Kentucky bought a new stake in shares of Heritage Financial during the 3rd quarter valued at approximately $228,000. Finally, Piedmont Investment Advisors LLC bought a new stake in shares of Heritage Financial during the 2nd quarter valued at approximately $235,000. 78.73% of the stock is currently owned by institutional investors.
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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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