Voya Investment Management LLC Acquires 9,703 Shares of Heritage Financial Corporation $HFWA

Voya Investment Management LLC raised its holdings in shares of Heritage Financial Corporation (NASDAQ:HFWA) by 34.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,048 shares of the financial services provider’s stock after purchasing an additional 9,703 shares during the quarter. Voya Investment Management LLC owned 0.11% of Heritage Financial worth $926,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Strs Ohio bought a new stake in shares of Heritage Financial in the 1st quarter worth $613,000. Jane Street Group LLC grew its position in Heritage Financial by 437.3% during the first quarter. Jane Street Group LLC now owns 107,482 shares of the financial services provider’s stock valued at $2,615,000 after buying an additional 87,479 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Heritage Financial by 7.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 78,130 shares of the financial services provider’s stock valued at $1,901,000 after buying an additional 5,417 shares during the period. Empowered Funds LLC grew its position in Heritage Financial by 4.2% during the first quarter. Empowered Funds LLC now owns 123,798 shares of the financial services provider’s stock valued at $3,012,000 after buying an additional 4,947 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Heritage Financial by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,060 shares of the financial services provider’s stock valued at $488,000 after buying an additional 881 shares during the period. Institutional investors own 78.30% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of 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 issued a Hold rating to the company’s stock. According to data from MarketBeat, Heritage Financial presently has a consensus rating of “Hold” and an average price target of $27.67.

Heritage Financial Price Performance

NASDAQ HFWA opened at $24.64 on Thursday. The company has a market cap of $836.53 million, a PE ratio of 17.23 and a beta of 0.56. Heritage Financial Corporation has a 52 week low of $19.84 and a 52 week 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’s 50-day simple moving average is $23.97 and its two-hundred day simple moving average is $23.60.

Heritage Financial (NASDAQ:HFWA) last released its quarterly earnings data 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. The business had revenue of $56.50 million for the quarter, compared to the consensus estimate of $63.54 million. Heritage Financial had a net margin of 15.22% and a return on equity of 7.34%. Research analysts predict that Heritage Financial Corporation will post 2.09 earnings per share for the current year.

Heritage Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Wednesday, August 6th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Wednesday, August 6th. This represents a $0.96 annualized dividend and a yield of 3.9%. Heritage Financial’s dividend payout ratio is 67.13%.

Heritage Financial 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.