Dana Investment Advisors Inc. Sells 11,903 Shares of Heritage Financial Co. (NASDAQ:HFWA)

Dana Investment Advisors Inc. cut its position in Heritage Financial Co. (NASDAQ:HFWA - Free Report) by 5.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 206,517 shares of the financial services provider's stock after selling 11,903 shares during the quarter. Dana Investment Advisors Inc. owned 0.60% of Heritage Financial worth $5,060,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. New York State Teachers Retirement System raised its holdings in Heritage Financial by 9.4% in the 3rd quarter. New York State Teachers Retirement System now owns 5,796 shares of the financial services provider's stock valued at $126,000 after buying an additional 500 shares during the last quarter. JPMorgan Chase & Co. increased its position in Heritage Financial by 0.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 123,283 shares of the financial services provider's stock valued at $2,684,000 after acquiring an additional 500 shares during the period. Keybank National Association OH raised its stake in shares of Heritage Financial by 5.2% during the fourth quarter. Keybank National Association OH now owns 49,841 shares of the financial services provider's stock valued at $1,221,000 after acquiring an additional 2,477 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Heritage Financial by 18.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,968 shares of the financial services provider's stock valued at $607,000 after acquiring an additional 3,814 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of Heritage Financial by 0.3% during the third quarter. State Street Corp now owns 1,594,963 shares of the financial services provider's stock worth $34,722,000 after purchasing an additional 4,012 shares during the period. 78.30% of the stock is owned by institutional investors and hedge funds.

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Heritage Financial Trading Down 1.0 %

Heritage Financial stock traded down $0.25 during mid-day trading on Monday, hitting $23.66. 568,252 shares of the stock were exchanged, compared to its average volume of 179,651. The stock has a market capitalization of $804.23 million, a price-to-earnings ratio of 19.08 and a beta of 0.53. Heritage Financial Co. has a 12 month low of $16.55 and a 12 month high of $27.58. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 0.47. The firm's fifty day simple moving average is $24.57 and its two-hundred day simple moving average is $23.97.

Heritage Financial (NASDAQ:HFWA - Get Free Report) last announced its earnings results on Thursday, January 23rd. The financial services provider reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.06. Heritage Financial had a net margin of 13.64% and a return on equity of 7.17%. Analysts forecast that Heritage Financial Co. will post 2.09 EPS for the current year.

Heritage Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were given a dividend of $0.24 per share. This is a positive change from Heritage Financial's previous quarterly dividend of $0.23. The ex-dividend date was Thursday, February 6th. This represents a $0.96 annualized dividend and a dividend yield of 4.06%. Heritage Financial's dividend payout ratio is presently 77.42%.

Insider Buying and Selling

In other Heritage Financial news, Director Frederick B. Rivera sold 4,000 shares of the stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $25.43, for a total transaction of $101,720.00. Following the transaction, the director now directly owns 3,844 shares in the company, valued at approximately $97,752.92. This represents a 50.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, StockNews.com raised Heritage Financial from a "sell" rating to a "hold" rating in a research report on Monday, January 27th.

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.