Analysts expect Heritage Financial Corp (NASDAQ:HFWA) to announce earnings of $0.47 per share for the current quarter, Zacks reports. Three analysts have issued estimates for Heritage Financial’s earnings, with the highest EPS estimate coming in at $0.47 and the lowest estimate coming in at $0.46. Heritage Financial reported earnings per share of $0.49 in the same quarter last year, which suggests a negative year over year growth rate of 4.1%. The company is expected to report its next earnings results before the market opens on Thursday, October 24th.

On average, analysts expect that Heritage Financial will report full-year earnings of $1.81 per share for the current year, with EPS estimates ranging from $1.78 to $1.84. For the next year, analysts forecast that the firm will post earnings of $1.91 per share, with EPS estimates ranging from $1.83 to $1.97. Zacks’ EPS averages are a mean average based on a survey of analysts that follow Heritage Financial.

Heritage Financial (NASDAQ:HFWA) last announced its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.43 EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.07). Heritage Financial had a return on equity of 8.86% and a net margin of 25.83%. The firm had revenue of $58.10 million during the quarter, compared to the consensus estimate of $59.73 million.

A number of analysts have commented on the company. ValuEngine upgraded Heritage Financial from a “sell” rating to a “hold” rating in a research report on Monday, August 12th. Janney Montgomery Scott downgraded Heritage Financial from a “buy” rating to a “neutral” rating in a research report on Friday, July 26th. Zacks Investment Research downgraded Heritage Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, October 15th. Finally, BidaskClub raised Heritage Financial from a “strong sell” rating to a “sell” rating in a report on Saturday. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Heritage Financial presently has an average rating of “Hold” and a consensus target price of $34.00.

In other news, Director Brian L. Vance sold 2,274 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $26.82, for a total value of $60,988.68. Following the completion of the transaction, the director now directly owns 98,737 shares of the company’s stock, valued at approximately $2,648,126.34. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Bryan Mcdonald sold 4,000 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $26.67, for a total value of $106,680.00. Following the completion of the transaction, the chief operating officer now directly owns 11,119 shares of the company’s stock, valued at $296,543.73. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Invesco Ltd. increased its holdings in Heritage Financial by 110.8% during the 2nd quarter. Invesco Ltd. now owns 1,059,728 shares of the financial services provider’s stock valued at $31,305,000 after purchasing an additional 557,062 shares in the last quarter. Northern Trust Corp increased its holdings in Heritage Financial by 1.3% during the 2nd quarter. Northern Trust Corp now owns 631,389 shares of the financial services provider’s stock valued at $18,651,000 after purchasing an additional 7,923 shares in the last quarter. OppenheimerFunds Inc. increased its holdings in Heritage Financial by 33.6% during the 1st quarter. OppenheimerFunds Inc. now owns 537,593 shares of the financial services provider’s stock valued at $16,202,000 after purchasing an additional 135,264 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Heritage Financial by 0.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 472,533 shares of the financial services provider’s stock valued at $13,959,000 after purchasing an additional 2,970 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in Heritage Financial by 55.6% during the 2nd quarter. Wells Fargo & Company MN now owns 333,559 shares of the financial services provider’s stock valued at $9,853,000 after purchasing an additional 119,188 shares in the last quarter. 80.73% of the stock is owned by hedge funds and other institutional investors.

Shares of HFWA stock traded up $0.44 during mid-day trading on Monday, reaching $27.73. The stock had a trading volume of 126,632 shares, compared to its average volume of 132,976. The firm’s 50 day simple moving average is $26.74 and its 200 day simple moving average is $28.59. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.14. Heritage Financial has a one year low of $25.24 and a one year high of $35.63. The firm has a market cap of $993.61 million, a PE ratio of 15.76, a P/E/G ratio of 2.12 and a beta of 0.74.

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.

Recommended Story: Using other technical indicators with support levels

Get a free copy of the Zacks research report on Heritage Financial (HFWA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Heritage Financial (NASDAQ:HFWA)

Receive News & Ratings for Heritage Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heritage Financial and related companies with MarketBeat.com's FREE daily email newsletter.