Heritage Financial Co. (NASDAQ:HFWA) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D decreased its holdings in Heritage Financial Co. (NASDAQ:HFWAGet Rating) by 5.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 92,349 shares of the financial services provider’s stock after selling 5,339 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.26% of Heritage Financial worth $2,444,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of HFWA. Vanguard Group Inc. raised its holdings in shares of Heritage Financial by 5.4% during the first quarter. Vanguard Group Inc. now owns 2,237,984 shares of the financial services provider’s stock valued at $56,084,000 after acquiring an additional 113,812 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Heritage Financial by 10.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,799,194 shares of the financial services provider’s stock valued at $45,088,000 after acquiring an additional 168,118 shares during the last quarter. State Street Corp raised its holdings in shares of Heritage Financial by 9.7% during the first quarter. State Street Corp now owns 1,708,760 shares of the financial services provider’s stock valued at $42,822,000 after acquiring an additional 151,365 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Heritage Financial by 2.2% during the second quarter. Victory Capital Management Inc. now owns 1,259,017 shares of the financial services provider’s stock valued at $31,677,000 after acquiring an additional 27,444 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Heritage Financial by 18.6% during the first quarter. Bank of New York Mellon Corp now owns 967,438 shares of the financial services provider’s stock valued at $24,246,000 after acquiring an additional 151,460 shares during the last quarter. Institutional investors and hedge funds own 78.91% of the company’s stock.

Insider Buying and Selling

In related news, Director John A. Clees sold 2,000 shares of the stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $31.55, for a total value of $63,100.00. Following the completion of the transaction, the director now directly owns 44,916 shares in the company, valued at $1,417,099.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director John A. Clees sold 2,000 shares of the firm’s stock in a transaction on Wednesday, October 26th. The stock was sold at an average price of $31.55, for a total transaction of $63,100.00. Following the completion of the transaction, the director now directly owns 44,916 shares in the company, valued at $1,417,099.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Brian L. Vance sold 5,148 shares of the firm’s stock in a transaction on Wednesday, November 2nd. The stock was sold at an average price of $32.73, for a total value of $168,494.04. Following the transaction, the director now owns 92,365 shares of the company’s stock, valued at $3,023,106.45. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,465 shares of company stock worth $435,869. Company insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on HFWA shares. Piper Sandler increased their target price on Heritage Financial to $38.00 in a report on Tuesday, November 1st. StockNews.com lowered Heritage Financial from a “hold” rating to a “sell” rating in a research report on Thursday, January 5th. Finally, DA Davidson upped their price target on Heritage Financial to $35.00 in a research report on Thursday, October 27th.

Heritage Financial Price Performance

HFWA stock opened at $30.04 on Monday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.68 and a quick ratio of 0.68. The business has a 50 day simple moving average of $31.44 and a 200-day simple moving average of $28.87. The firm has a market capitalization of $1.05 billion, a PE ratio of 13.53 and a beta of 0.63. Heritage Financial Co. has a 1 year low of $23.31 and a 1 year high of $34.34.

Heritage Financial (NASDAQ:HFWAGet Rating) last posted its quarterly earnings results on Thursday, October 20th. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.09. The business had revenue of $66.74 million during the quarter, compared to analyst estimates of $61.43 million. Heritage Financial had a return on equity of 9.67% and a net margin of 32.28%. Equities research analysts anticipate that Heritage Financial Co. will post 2.31 earnings per share for the current fiscal year.

Heritage Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 16th. Investors of record on Wednesday, November 2nd were given a $0.21 dividend. The ex-dividend date was Tuesday, November 1st. This represents a $0.84 annualized dividend and a yield of 2.80%. Heritage Financial’s payout ratio is 37.84%.

About Heritage Financial

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

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