Heartland Advisors Inc. held its position in Heritage Financial Corp. (NASDAQ:HFWA) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 478,000 shares of the financial services provider’s stock at the end of the third quarter. Heartland Advisors Inc. owned 1.61% of Heritage Financial Corp. worth $8,580,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of HFWA. Dimensional Fund Advisors LP increased its position in Heritage Financial Corp. by 8.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,241,177 shares of the financial services provider’s stock worth $21,819,000 after buying an additional 93,153 shares during the period. Victory Capital Management Inc. increased its position in Heritage Financial Corp. by 0.3% in the second quarter. Victory Capital Management Inc. now owns 58,574 shares of the financial services provider’s stock worth $1,030,000 after buying an additional 190 shares during the period. Nationwide Fund Advisors boosted its stake in Heritage Financial Corp. by 1.0% in the second quarter. Nationwide Fund Advisors now owns 21,019 shares of the financial services provider’s stock worth $370,000 after buying an additional 207 shares in the last quarter. LSV Asset Management purchased a new stake in Heritage Financial Corp. during the second quarter worth approximately $123,000. Finally, Boston Partners boosted its stake in Heritage Financial Corp. by 2.3% in the second quarter. Boston Partners now owns 160,425 shares of the financial services provider’s stock worth $2,820,000 after buying an additional 3,561 shares in the last quarter. 76.09% of the stock is currently owned by institutional investors.
Heritage Financial Corp. (NASDAQ:HFWA) traded up 0.44% during mid-day trading on Friday, hitting $22.90. 9,689 shares of the company were exchanged. Heritage Financial Corp. has a 12-month low of $16.40 and a 12-month high of $23.10. The company’s 50-day moving average is $19.26 and its 200 day moving average is $18.19. The company has a market capitalization of $679.72 million, a P/E ratio of 17.82 and a beta of 0.31.
Heritage Financial Corp. (NASDAQ:HFWA) last posted its earnings results on Thursday, October 27th. The financial services provider reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.05. Heritage Financial Corp. had a net margin of 22.81% and a return on equity of 7.96%. Analysts expect that Heritage Financial Corp. will post $1.30 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, November 22nd. Shareholders of record on Tuesday, November 8th were paid a dividend of $0.12 per share. The ex-dividend date was Friday, November 4th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.11%. Heritage Financial Corp.’s payout ratio is presently 37.21%.
Separately, Zacks Investment Research upgraded shares of Heritage Financial Corp. from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Monday, October 31st.
In other Heritage Financial Corp. news, Director John A. Clees sold 2,000 shares of the business’s stock in a transaction on Thursday, November 17th. The shares were sold at an average price of $21.93, for a total transaction of $43,860.00. Following the sale, the director now owns 59,042 shares of the company’s stock, valued at $1,294,791.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Bryan Mcdonald sold 5,286 shares of the business’s stock in a transaction on Friday, September 9th. The stock was sold at an average price of $18.41, for a total transaction of $97,315.26. Following the sale, the executive vice president now directly owns 21,158 shares in the company, valued at approximately $389,518.78. The disclosure for this sale can be found here. Company insiders own 2.80% of the company’s stock.
About Heritage Financial Corp.