Rhumbline Advisers Sells 6,647 Shares of Heritage Financial Corporation $HFWA

Rhumbline Advisers lowered its position in Heritage Financial Corporation (NASDAQ:HFWA) by 6.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 97,786 shares of the financial services provider’s stock after selling 6,647 shares during the period. Rhumbline Advisers owned 0.29% of Heritage Financial worth $2,379,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC raised its position in shares of Heritage Financial by 45.3% in the 1st quarter. GAMMA Investing LLC now owns 2,972 shares of the financial services provider’s stock worth $72,000 after acquiring an additional 927 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Heritage Financial by 475.6% in the 4th quarter. Public Employees Retirement System of Ohio now owns 3,989 shares of the financial services provider’s stock worth $98,000 after acquiring an additional 3,296 shares in the last quarter. CWM LLC raised its position in shares of Heritage Financial by 14.8% in the 1st quarter. CWM LLC now owns 4,042 shares of the financial services provider’s stock worth $98,000 after acquiring an additional 520 shares in the last quarter. Zions Bancorporation National Association UT bought a new position in shares of Heritage Financial in the 1st quarter worth approximately $167,000. Finally, Point72 Asset Management L.P. raised its position in shares of Heritage Financial by 81.6% in the 4th quarter. Point72 Asset Management L.P. now owns 7,900 shares of the financial services provider’s stock worth $194,000 after acquiring an additional 3,549 shares in the last quarter. Institutional investors own 78.30% of the company’s stock.

Heritage Financial Stock Down 0.9%

HFWA stock opened at $24.03 on Wednesday. Heritage Financial Corporation has a twelve month low of $19.84 and a twelve month high of $27.58. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.32. The firm has a market cap of $815.82 million, a PE ratio of 16.80 and a beta of 0.56. The business has a 50 day moving average of $24.05 and a 200 day moving average of $23.58.

Heritage Financial (NASDAQ:HFWA) last issued its earnings results on Thursday, July 24th. The financial services provider reported $0.53 EPS for the quarter, beating the consensus estimate of $0.50 by $0.03. Heritage Financial had a return on equity of 7.34% and a net margin of 15.22%.The business had revenue of $56.50 million for the quarter, compared to the consensus estimate of $63.54 million. On average, research analysts forecast that Heritage Financial Corporation will post 2.09 EPS for the current fiscal year.

Heritage Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Wednesday, August 6th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 4.0%. The ex-dividend date was Wednesday, August 6th. Heritage Financial’s dividend payout ratio (DPR) is currently 67.13%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered Heritage Financial from a “hold” rating to a “sell” rating in a research report on Saturday, July 26th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Heritage Financial currently has a consensus rating of “Hold” and an average price target of $27.67.

Heritage Financial Company Profile

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.