Invesco Ltd. increased its position in shares of Heritage Financial Co. (NASDAQ:HFWA - Free Report) by 112.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 369,429 shares of the financial services provider's stock after purchasing an additional 195,541 shares during the period. Invesco Ltd. owned approximately 1.08% of Heritage Financial worth $9,051,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in the company. KLP Kapitalforvaltning AS bought a new stake in shares of Heritage Financial during the 4th quarter worth approximately $157,000. Quantbot Technologies LP acquired a new stake in shares of Heritage Financial in the fourth quarter valued at about $166,000. Zions Bancorporation N.A. bought a new position in Heritage Financial during the 4th quarter worth approximately $168,000. Aspire Capital Advisors LLC acquired a new position in shares of Heritage Financial in the 4th quarter worth approximately $215,000. Finally, Victory Capital Management Inc. bought a new stake in shares of Heritage Financial in the 4th quarter valued at $229,000. 78.30% of the stock is currently owned by institutional investors.
Heritage Financial Stock Performance
Shares of HFWA stock traded down $0.39 on Friday, hitting $22.60. 255,677 shares of the stock were exchanged, compared to its average volume of 210,249. The firm has a market capitalization of $768.20 million, a PE ratio of 18.23 and a beta of 0.47. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 0.47. The firm's 50 day moving average is $23.27 and its two-hundred day moving average is $24.19. Heritage Financial Co. has a one year low of $16.55 and a one year high of $27.58.
Heritage Financial (NASDAQ:HFWA - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.46 by $0.03. Heritage Financial had a return on equity of 7.17% and a net margin of 13.64%. The company had revenue of $57.59 million for the quarter, compared to analysts' expectations of $61.74 million. Sell-side analysts expect that Heritage Financial Co. will post 2.09 earnings per share for the current fiscal year.
Heritage Financial Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Wednesday, May 7th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date is Wednesday, May 7th. Heritage Financial's dividend payout ratio is presently 77.42%.
Wall Street Analyst Weigh In
Separately, StockNews.com raised Heritage Financial from a "sell" rating to a "hold" rating in a research note on Monday, January 27th.
Get Our Latest Report on HFWA
Insider Buying and Selling
In other news, CEO Jeffrey J. Deuel sold 7,033 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $23.66, for a total value of $166,400.78. Following the sale, the chief executive officer now directly owns 70,906 shares of the company's stock, valued at approximately $1,677,635.96. This represents a 9.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Donald Hinson sold 3,420 shares of Heritage Financial stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $23.59, for a total transaction of $80,677.80. Following the completion of the transaction, the chief financial officer now directly owns 42,087 shares of the company's stock, valued at $992,832.33. This trade represents a 7.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,311 shares of company stock valued at $369,193 over the last quarter. 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.
Further Reading
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