Jane Street Group LLC Buys 20,792 Shares of Heritage Financial Co. (NASDAQ:HFWA)

Jane Street Group LLC boosted its stake in Heritage Financial Co. (NASDAQ:HFWA - Free Report) by 46.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 65,088 shares of the financial services provider's stock after purchasing an additional 20,792 shares during the quarter. Jane Street Group LLC owned about 0.19% of Heritage Financial worth $1,417,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its holdings in shares of Heritage Financial by 4.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,934,852 shares of the financial services provider's stock valued at $34,884,000 after buying an additional 80,044 shares during the period. Jennison Associates LLC lifted its holdings in Heritage Financial by 71.4% during the third quarter. Jennison Associates LLC now owns 1,741,058 shares of the financial services provider's stock worth $37,903,000 after acquiring an additional 725,257 shares in the last quarter. State Street Corp grew its stake in Heritage Financial by 0.3% in the third quarter. State Street Corp now owns 1,594,963 shares of the financial services provider's stock valued at $34,722,000 after acquiring an additional 4,012 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Heritage Financial by 5.6% in the second quarter. Renaissance Technologies LLC now owns 321,089 shares of the financial services provider's stock worth $5,789,000 after acquiring an additional 17,100 shares in the last quarter. Finally, American Century Companies Inc. raised its position in shares of Heritage Financial by 3.0% during the second quarter. American Century Companies Inc. now owns 278,017 shares of the financial services provider's stock worth $5,013,000 after purchasing an additional 8,112 shares during the period. Institutional investors and hedge funds own 78.30% of the company's stock.

Heritage Financial Stock Down 0.5 %

NASDAQ HFWA traded down $0.12 during trading on Friday, hitting $24.31. The stock had a trading volume of 172,662 shares, compared to its average volume of 185,589. Heritage Financial Co. has a 12 month low of $16.55 and a 12 month high of $27.58. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.82 and a current ratio of 0.82. The company's 50-day moving average price is $25.08 and its two-hundred day moving average price is $22.23. The company has a market capitalization of $830.28 million, a PE ratio of 22.51 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 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.09). Heritage Financial had a return on equity of 7.01% and a net margin of 12.27%. The business had revenue of $81.65 million during the quarter, compared to the consensus estimate of $58.17 million. During the same period in the prior year, the firm earned $0.51 EPS. As a group, sell-side analysts forecast that Heritage Financial Co. will post 1.65 EPS for the current year.

Heritage Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 3.78%. The ex-dividend date was Wednesday, November 6th. Heritage Financial's payout ratio is 85.19%.

Insider Activity at Heritage Financial

In other news, EVP Tony Chalfant sold 2,975 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $26.50, for a total value of $78,837.50. Following the completion of the sale, the executive vice president now owns 20,119 shares of the company's stock, valued at approximately $533,153.50. This represents a 12.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.68% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

HFWA has been the subject of a number of research reports. Piper Sandler increased their target price on Heritage Financial from $27.00 to $28.00 and gave the stock an "overweight" rating in a research note on Monday, October 28th. Stephens increased their price objective on shares of Heritage Financial from $24.00 to $26.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 29th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $25.00.

Heritage Financial Company 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.