US Bancorp DE decreased its stake in Heritage Financial Co. (NASDAQ:HFWA - Free Report) by 93.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,584 shares of the financial services provider's stock after selling 155,592 shares during the period. US Bancorp DE's holdings in Heritage Financial were worth $259,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of HFWA. Jennison Associates LLC grew its holdings in shares of Heritage Financial by 71.4% in the 3rd quarter. Jennison Associates LLC now owns 1,741,058 shares of the financial services provider's stock valued at $37,903,000 after acquiring an additional 725,257 shares in the last quarter. Nwam LLC bought a new position in shares of Heritage Financial in the 3rd quarter valued at about $1,194,000. Barclays PLC grew its holdings in shares of Heritage Financial by 105.4% in the 3rd quarter. Barclays PLC now owns 73,300 shares of the financial services provider's stock valued at $1,595,000 after acquiring an additional 37,606 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Heritage Financial by 46.9% in the 3rd quarter. Jane Street Group LLC now owns 65,088 shares of the financial services provider's stock valued at $1,417,000 after acquiring an additional 20,792 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in shares of Heritage Financial by 90.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 34,672 shares of the financial services provider's stock valued at $755,000 after acquiring an additional 16,489 shares in the last quarter. Institutional investors own 78.30% of the company's stock.
Heritage Financial Stock Performance
Heritage Financial stock traded up $0.53 during midday trading on Friday, reaching $23.77. 266,655 shares of the company's stock were exchanged, compared to its average volume of 180,810. Heritage Financial Co. has a 52 week low of $16.55 and a 52 week high of $27.58. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.82 and a current ratio of 0.84. The firm has a market cap of $807.97 million, a price-to-earnings ratio of 19.17 and a beta of 0.53. The stock's 50-day simple moving average is $24.48 and its 200 day simple moving average is $23.99.
Heritage Financial (NASDAQ:HFWA - Get Free Report) last released 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 13.64% and a return on equity of 7.17%. On average, analysts expect that Heritage Financial Co. will post 2.09 earnings per share for the current fiscal year.
Heritage Financial Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, February 6th. This is an increase from Heritage Financial's previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 4.04%. Heritage Financial's dividend payout ratio (DPR) is 77.42%.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded Heritage Financial from a "sell" rating to a "hold" rating in a report on Monday, January 27th.
Check Out Our Latest Research Report on Heritage Financial
Insider Transactions at Heritage Financial
In other 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 owns 3,844 shares in the company, valued at approximately $97,752.92. This trade represents a 50.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.80% of the company's stock.
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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