Invesco Ltd. Has $9.05 Million Stake in Heritage Financial Co. (NASDAQ:HFWA)

Invesco Ltd. raised its stake in shares of Heritage Financial Co. (NASDAQ:HFWA) by 112.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 369,429 shares of the financial services provider’s stock after buying an additional 195,541 shares during the period. Invesco Ltd. owned 1.08% of Heritage Financial worth $9,051,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in HFWA. KLP Kapitalforvaltning AS bought a new position in Heritage Financial in the 4th quarter worth $157,000. Quantbot Technologies LP acquired a new stake in shares of Heritage Financial in the fourth quarter valued at about $166,000. Zions Bancorporation N.A. bought a new position in shares of Heritage Financial in the fourth quarter worth about $168,000. Aspire Capital Advisors LLC acquired a new position in shares of Heritage Financial during the 4th quarter worth about $215,000. Finally, Victory Capital Management Inc. acquired a new position in shares of Heritage Financial during the 4th quarter worth about $229,000. Institutional investors and hedge funds own 78.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Heritage Financial from a “sell” rating to a “hold” rating in a research report on Monday, January 27th.

Insider Activity

In other Heritage Financial news, CFO Donald Hinson sold 3,420 shares of the company’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $23.59, for a total transaction of $80,677.80. Following the completion of the sale, the chief financial officer now directly owns 42,087 shares in the company, valued at $992,832.33. This represents a 7.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey J. Deuel sold 7,033 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $23.66, for a total transaction of $166,400.78. Following the completion of the sale, the chief executive officer now owns 70,906 shares in the company, valued at approximately $1,677,635.96. The trade was a 9.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,311 shares of company stock worth $369,193 over the last quarter. 1.80% of the stock is currently owned by company insiders.

Heritage Financial Stock Performance

NASDAQ:HFWA opened at $22.98 on Thursday. The firm’s 50-day moving average is $23.33 and its 200-day moving average is $24.15. The company has a market cap of $781.11 million, a price-to-earnings ratio of 18.53 and a beta of 0.47. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.82 and a current ratio of 0.84. Heritage Financial Co. has a 52-week low of $16.55 and a 52-week high of $27.58.

Heritage Financial (NASDAQ:HFWA) last posted its earnings results on Thursday, January 23rd. The financial services provider reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.06. Heritage Financial had a net margin of 13.64% and a return on equity of 7.17%. Equities research analysts anticipate that Heritage Financial Co. will post 2.09 earnings per share for the current year.

About Heritage Financial

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.