Heritage Financial Co. (NASDAQ:HFWA - Free Report) - DA Davidson issued their Q1 2025 earnings per share estimates for Heritage Financial in a research note issued on Friday, January 24th. DA Davidson analyst J. Rulis expects that the financial services provider will post earnings of $0.49 per share for the quarter. The consensus estimate for Heritage Financial's current full-year earnings is $1.76 per share.
Several other analysts have also commented on HFWA. Piper Sandler lifted their price target on Heritage Financial from $27.00 to $28.00 and gave the company an "overweight" rating in a research report on Monday, October 28th. Stephens boosted their target price on shares of Heritage Financial from $24.00 to $26.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 29th.
Check Out Our Latest Analysis on Heritage Financial
Heritage Financial Stock Performance
NASDAQ HFWA traded up $0.90 on Monday, reaching $25.55. 331,596 shares of the company's stock traded hands, compared to its average volume of 174,850. The stock has a 50 day moving average price of $25.10 and a 200-day moving average price of $23.28. The firm has a market cap of $872.53 million, a price-to-earnings ratio of 23.66 and a beta of 0.57. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.82 and a current ratio of 0.82. Heritage Financial has a fifty-two week low of $16.55 and a fifty-two week high of $27.58.
Heritage Financial (NASDAQ:HFWA - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.51 EPS for the quarter, beating the consensus estimate of $0.45 by $0.06. Heritage Financial had a net margin of 12.27% and a return on equity of 7.01%.
Heritage Financial Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th will be issued a $0.24 dividend. This is a positive change from Heritage Financial's previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 3.76%. The ex-dividend date is Thursday, February 6th. Heritage Financial's dividend payout ratio (DPR) is presently 85.19%.
Insider Activity
In other news, EVP Tony Chalfant sold 2,975 shares of Heritage Financial stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $26.50, for a total value of $78,837.50. Following the sale, the executive vice president now owns 20,119 shares in the company, valued at $533,153.50. This trade represents a 12.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.80% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Heritage Financial during the second quarter valued at approximately $25,000. Point72 DIFC Ltd acquired a new position in Heritage Financial in the 2nd quarter valued at $27,000. GAMMA Investing LLC lifted its holdings in Heritage Financial by 43.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,975 shares of the financial services provider's stock valued at $43,000 after purchasing an additional 601 shares in the last quarter. CWM LLC boosted its stake in Heritage Financial by 17.1% during the 3rd quarter. CWM LLC now owns 3,297 shares of the financial services provider's stock worth $72,000 after purchasing an additional 481 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Heritage Financial during the second quarter worth $99,000. 78.30% of the stock is owned by hedge funds and other institutional investors.
About Heritage Financial
(
Get Free Report)
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.
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