Kelli Ann Wilson Sells 1,900 Shares of Heritage Financial (NASDAQ:HFWA) Stock

Heritage Financial Corporation (NASDAQ:HFWA) EVP Kelli Ann Wilson sold 1,900 shares of the business’s stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $26.48, for a total transaction of $50,312.00. Following the completion of the transaction, the executive vice president owned 3,778 shares in the company, valued at approximately $100,041.44. The trade was a 33.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Heritage Financial Price Performance

HFWA opened at $25.99 on Wednesday. The firm has a 50-day moving average price of $24.59 and a 200-day moving average price of $23.96. The company has a market capitalization of $882.54 million, a price-to-earnings ratio of 13.26 and a beta of 0.52. The company has a quick ratio of 0.84, a current ratio of 0.83 and a debt-to-equity ratio of 0.05. Heritage Financial Corporation has a twelve month low of $19.84 and a twelve month high of $28.35.

Heritage Financial (NASDAQ:HFWA) last released its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.09. Heritage Financial had a net margin of 20.10% and a return on equity of 8.61%. The company had revenue of $66.35 million during the quarter, compared to analyst estimates of $65.95 million. Equities analysts expect that Heritage Financial Corporation will post 2.09 EPS for the current year.

Heritage Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 11th. Shareholders of record on Wednesday, January 28th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 3.7%. The ex-dividend date is Wednesday, January 28th. Heritage Financial’s dividend payout ratio is presently 48.98%.

Analyst Ratings Changes

Several research firms recently weighed in on HFWA. DA Davidson lifted their price target on Heritage Financial from $29.00 to $32.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Heritage Financial in a research report on Thursday, January 22nd. Wall Street Zen upgraded Heritage Financial from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Stephens lifted their target price on shares of Heritage Financial from $28.00 to $30.00 and gave the company an “equal weight” rating in a research note on Monday. Finally, Zacks Research cut Heritage Financial from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 25th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $30.25.

Institutional Investors Weigh In On Heritage Financial

A number of large investors have recently modified their holdings of the business. Brighton Jones LLC raised its stake in Heritage Financial by 3.7% in the 3rd quarter. Brighton Jones LLC now owns 12,452 shares of the financial services provider’s stock worth $301,000 after acquiring an additional 450 shares during the last quarter. CWM LLC grew its stake in shares of Heritage Financial by 7.7% during the 4th quarter. CWM LLC now owns 8,249 shares of the financial services provider’s stock worth $195,000 after purchasing an additional 592 shares during the period. 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. GAMMA Investing LLC boosted its position in Heritage Financial by 20.8% during the fourth quarter. GAMMA Investing LLC now owns 5,171 shares of the financial services provider’s stock worth $122,000 after purchasing an additional 891 shares in the last quarter. Finally, Intech Investment Management LLC lifted its holdings in Heritage Financial by 2.7% during the third quarter. Intech Investment Management LLC now owns 35,891 shares of the financial services provider’s stock valued at $868,000 after purchasing an additional 960 shares in the last quarter. Hedge funds and other institutional investors own 78.30% of the company’s stock.

About Heritage Financial

Heritage Financial Corporation (NASDAQ:HFWA) is a bank holding company headquartered in Spokane, Washington. Through its primary subsidiary, Heritage Bank, the company provides a comprehensive range of banking and financial services to both individual and commercial clients. Heritage Bank’s offerings encompass deposit products, lending solutions, treasury and cash management services, mortgage banking, and wealth management, positioning the organization as a full-service community bank.

The company’s lending portfolio includes commercial real estate loans, agricultural loans, small business administration (SBA) loans, construction and development financing, and a variety of consumer mortgage products.