Proficio Capital Partners LLC purchased a new position in shares of Heritage Financial Co. (NASDAQ:HFWA - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 11,417 shares of the financial services provider's stock, valued at approximately $280,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HFWA. Aspire Capital Advisors LLC bought a new stake in Heritage Financial during the 4th quarter worth about $215,000. Ieq Capital LLC bought a new stake in Heritage Financial during the 4th quarter worth about $274,000. SageView Advisory Group LLC bought a new stake in Heritage Financial during the 3rd quarter worth about $307,000. Dynamic Technology Lab Private Ltd bought a new stake in Heritage Financial during the 3rd quarter worth about $338,000. Finally, Verition Fund Management LLC lifted its position in Heritage Financial by 35.6% during the 3rd quarter. Verition Fund Management LLC now owns 16,171 shares of the financial services provider's stock worth $352,000 after buying an additional 4,242 shares in the last quarter. 78.30% of the stock is owned by institutional investors.
Analyst Ratings Changes
Separately, StockNews.com raised shares of Heritage Financial from a "sell" rating to a "hold" rating in a report on Monday, January 27th.
View Our Latest Report on HFWA
Heritage Financial Stock Down 1.1 %
Shares of HFWA stock opened at $23.41 on Wednesday. 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's 50-day moving average is $24.53 and its 200-day moving average is $23.98. The stock has a market cap of $795.73 million, a price-to-earnings ratio of 18.88 and a beta of 0.53. Heritage Financial Co. has a 52-week low of $16.55 and a 52-week high of $27.58.
Heritage Financial (NASDAQ:HFWA - Get Free Report) last issued its earnings results on Thursday, January 23rd. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts predict that Heritage Financial Co. will post 2.09 EPS for the current year.
Heritage Financial Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were issued a $0.24 dividend. This is a boost from Heritage Financial's previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 4.10%. The ex-dividend date was Thursday, February 6th. Heritage Financial's dividend payout ratio is currently 77.42%.
Insider Buying and Selling at Heritage Financial
In other Heritage Financial news, Director Frederick B. Rivera sold 4,000 shares of the stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $25.43, for a total value of $101,720.00. Following the transaction, the director now directly owns 3,844 shares of the company's stock, valued at $97,752.92. This represents a 50.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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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