Heritage Financial Co. (NASDAQ:HFWA) EVP Tony Chalfant Sells 2,975 Shares

Heritage Financial Co. (NASDAQ:HFWA) EVP Tony Chalfant sold 2,975 shares of the business’s stock in a transaction 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 transaction, the executive vice president now directly owns 20,119 shares of the company’s stock, valued at approximately $533,153.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Heritage Financial Trading Down 4.5 %

Shares of HFWA stock traded down $1.22 on Thursday, hitting $26.06. The stock had a trading volume of 240,941 shares, compared to its average volume of 185,358. Heritage Financial Co. has a twelve month low of $16.38 and a twelve month high of $27.43. The firm has a market cap of $898.97 million, a P/E ratio of 25.26 and a beta of 0.52. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.46. The company has a fifty day moving average price of $22.16 and a two-hundred day moving average price of $20.31.

Heritage Financial (NASDAQ:HFWA) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.09). The company had revenue of $81.65 million during the quarter, compared to the consensus estimate of $58.17 million. Heritage Financial had a net margin of 12.27% and a return on equity of 7.01%. During the same period in the prior year, the firm posted $0.51 earnings per share. As a group, analysts forecast that Heritage Financial Co. will post 1.65 earnings per share for the current fiscal year.

Heritage Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $0.92 dividend on an annualized basis and a yield of 3.53%. Heritage Financial’s dividend payout ratio (DPR) is currently 85.19%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its holdings in shares of Heritage Financial by 133.7% during the 2nd quarter. GAMMA Investing LLC now owns 1,374 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 786 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Heritage Financial during the 2nd quarter worth approximately $25,000. Innealta Capital LLC bought a new stake in shares of Heritage Financial during the 2nd quarter worth approximately $27,000. Point72 DIFC Ltd bought a new stake in shares of Heritage Financial during the 2nd quarter worth approximately $27,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Heritage Financial during the 2nd quarter worth approximately $31,000. Institutional investors and hedge funds own 78.30% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on HFWA shares. Piper Sandler boosted their price target 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 target on Heritage Financial from $24.00 to $26.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods increased their target price on Heritage Financial from $20.00 to $23.00 and gave the company a “market perform” rating in a report on Friday, July 26th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $25.00.

About Heritage Financial

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.