Key Points
- President Bryan Mcdonald purchased 19,106 shares on Nov. 20 at an average price of $22.32 (total $426,445.92), bringing his direct ownership to 31,363 shares — a 155.88% increase valued at $700,022.16.
- Heritage Financial recently paid a quarterly dividend of $0.24 (paid Nov. 19), equal to a $0.96 annualized payout and a 4.1% yield with a payout ratio of 58.18%.
- The stock opened around $23.30 with a 12‑month range of $19.84–$27.58 and a market cap of $791.2M (P/E 14.12); earnings met expectations at $0.56 EPS, and analysts have a consensus “Moderate Buy” with a $29.33 price target.
Heritage Financial Corporation (NASDAQ:HFWA - Get Free Report) President Bryan Mcdonald purchased 19,106 shares of the business's stock in a transaction that occurred on Thursday, November 20th. The shares were purchased at an average cost of $22.32 per share, with a total value of $426,445.92. Following the completion of the acquisition, the president directly owned 31,363 shares of the company's stock, valued at $700,022.16. This represents a 155.88% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Heritage Financial Price Performance
Shares of HFWA opened at $23.30 on Tuesday. The company has a current ratio of 0.84, a quick ratio of 0.85 and a debt-to-equity ratio of 0.18. The stock's 50 day moving average is $23.24 and its two-hundred day moving average is $23.65. Heritage Financial Corporation has a twelve month low of $19.84 and a twelve month high of $27.58. The firm has a market capitalization of $791.20 million, a PE ratio of 14.12 and a beta of 0.57.
Heritage Financial (NASDAQ:HFWA - Get Free Report) last posted its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $0.56 EPS for the quarter, meeting the consensus estimate of $0.56. Heritage Financial had a return on equity of 8.21% and a net margin of 17.27%.The business had revenue of $65.70 million during the quarter, compared to analysts' expectations of $65.25 million. Research analysts anticipate that Heritage Financial Corporation will post 2.09 earnings per share for the current year.
Heritage Financial Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 19th. Shareholders of record on Wednesday, November 5th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Wednesday, November 5th. Heritage Financial's payout ratio is presently 58.18%.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on HFWA. Keefe, Bruyette & Woods increased their price target on shares of Heritage Financial from $26.00 to $28.00 and gave the company a "market perform" rating in a report on Monday, September 29th. DA Davidson set a $29.00 target price on shares of Heritage Financial in a report on Monday, September 29th. Wall Street Zen raised Heritage Financial from a "sell" rating to a "hold" rating in a research note on Saturday, November 15th. Zacks Research upgraded Heritage Financial from a "hold" rating to a "strong-buy" rating in a report on Friday, October 3rd. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Heritage Financial in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $29.33.
View Our Latest Research Report on HFWA
Hedge Funds Weigh In On Heritage Financial
Institutional investors have recently modified their holdings of the company. Hantz Financial Services Inc. lifted its stake in shares of Heritage Financial by 316.9% during the third quarter. Hantz Financial Services Inc. now owns 1,651 shares of the financial services provider's stock valued at $40,000 after buying an additional 1,255 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Heritage Financial by 27,871.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,958 shares of the financial services provider's stock worth $47,000 after purchasing an additional 1,951 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Heritage Financial by 99.1% during the second quarter. Tower Research Capital LLC TRC now owns 2,875 shares of the financial services provider's stock worth $69,000 after purchasing an additional 1,431 shares during the last quarter. CWM LLC grew its position in shares of Heritage Financial by 14.8% in the first quarter. CWM LLC now owns 4,042 shares of the financial services provider's stock valued at $98,000 after purchasing an additional 520 shares during the period. Finally, GAMMA Investing LLC increased its stake in Heritage Financial by 53.3% in the second quarter. GAMMA Investing LLC now owns 4,557 shares of the financial services provider's stock valued at $109,000 after purchasing an additional 1,585 shares during the last quarter. Institutional investors and hedge funds own 78.30% of the company's stock.
About Heritage Financial
(
Get Free Report)
Heritage Financial Corporation operates as the bank holding company for Heritage Bank that provides various financial services to small and medium sized businesses and individuals in the United States. It accepts various deposit products, such as noninterest demand deposits, interest bearing demand deposits, money market accounts, savings accounts, personal checking accounts, and certificates of deposit.
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