Charles Schwab Investment Management Inc. cut its holdings in shares of Heritage Financial Co. (NASDAQ:HFWA - Free Report) by 1.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,241,174 shares of the financial services provider's stock after selling 19,290 shares during the quarter. Charles Schwab Investment Management Inc. owned about 3.60% of Heritage Financial worth $27,020,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently made changes to their positions in HFWA. GAMMA Investing LLC lifted its position in Heritage Financial by 133.7% in the second quarter. GAMMA Investing LLC now owns 1,374 shares of the financial services provider's stock worth $25,000 after purchasing an additional 786 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Heritage Financial in the 2nd quarter valued at approximately $25,000. Innealta Capital LLC acquired a new stake in Heritage Financial during the second quarter worth about $27,000. Point72 DIFC Ltd acquired a new position in shares of Heritage Financial in the 2nd quarter valued at $27,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Heritage Financial in the 2nd quarter worth about $31,000. 78.30% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on the company. Piper Sandler boosted their target price on Heritage Financial from $27.00 to $28.00 and gave the stock an "overweight" rating in a research report on Monday, October 28th. Stephens increased their price target on Heritage Financial from $24.00 to $26.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 29th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Heritage Financial has a consensus rating of "Hold" and an average price target of $25.00.
View Our Latest Stock Report on HFWA
Heritage Financial Trading Down 1.0 %
Shares of HFWA stock traded down $0.26 on Thursday, hitting $26.12. 161,438 shares of the company's stock traded hands, compared to its average volume of 183,809. The company's fifty day simple moving average is $23.84 and its 200 day simple moving average is $21.40. 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 Co. has a one year low of $16.55 and a one year high of $27.58. The stock has a market capitalization of $892.10 million, a price-to-earnings ratio of 24.19 and a beta of 0.55.
Heritage Financial (NASDAQ:HFWA - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.09). Heritage Financial had a net margin of 12.27% and a return on equity of 7.01%. The company had revenue of $81.65 million for the quarter, compared to analysts' expectations of $58.17 million. During the same quarter in the previous year, the firm posted $0.51 EPS. Equities analysts forecast that Heritage Financial Co. will post 1.65 EPS for the current year.
Heritage Financial Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th were issued a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $0.92 annualized dividend and a dividend yield of 3.52%. Heritage Financial's dividend payout ratio (DPR) is 85.19%.
Insider Buying and Selling
In related news, EVP Tony Chalfant sold 2,975 shares of the business's stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $26.50, for a total transaction of $78,837.50. Following the transaction, the executive vice president now directly owns 20,119 shares in the company, valued at $533,153.50. The trade was a 12.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.80% of the stock is currently owned by company insiders.
Heritage Financial Profile
(
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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