Russell Investments Group Ltd. lifted its position in Heritage Financial Corp (NASDAQ:HFWA) by 10.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 197,630 shares of the financial services provider’s stock after acquiring an additional 18,063 shares during the period. Russell Investments Group Ltd. owned 0.66% of Heritage Financial worth $5,831,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in HFWA. MUFG Americas Holdings Corp raised its position in shares of Heritage Financial by 1.2% in the 2nd quarter. MUFG Americas Holdings Corp now owns 3,952 shares of the financial services provider’s stock worth $105,000 after acquiring an additional 45 shares in the last quarter. Legal & General Group Plc raised its position in shares of Heritage Financial by 4.2% in the 2nd quarter. Legal & General Group Plc now owns 7,369 shares of the financial services provider’s stock worth $195,000 after acquiring an additional 297 shares in the last quarter. Aperio Group LLC bought a new position in shares of Heritage Financial in the 2nd quarter worth approximately $217,000. Susquehanna International Group LLP bought a new position in shares of Heritage Financial in the 2nd quarter worth approximately $226,000. Finally, Principal Financial Group Inc. bought a new position in shares of Heritage Financial in the 2nd quarter worth approximately $274,000. 78.13% of the stock is owned by hedge funds and other institutional investors.
HFWA has been the subject of several research reports. Zacks Investment Research raised Heritage Financial from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research report on Wednesday, September 27th. DA Davidson increased their target price on Heritage Financial from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Tuesday, November 7th. BidaskClub lowered Heritage Financial from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 7th. FIG Partners raised Heritage Financial from a “market-perform” rating to an “outperform” rating in a research report on Tuesday, December 12th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $33.00 price objective on shares of Heritage Financial in a research report on Friday, December 22nd. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $33.25.
In other Heritage Financial news, Director John A. Clees sold 1,000 shares of Heritage Financial stock in a transaction on Monday, November 27th. The stock was sold at an average price of $31.07, for a total value of $31,070.00. Following the completion of the sale, the director now owns 46,042 shares of the company’s stock, valued at approximately $1,430,524.94. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Brian Charneski sold 2,000 shares of Heritage Financial stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $31.78, for a total value of $63,560.00. Following the completion of the sale, the director now directly owns 29,602 shares of the company’s stock, valued at approximately $940,751.56. The disclosure for this sale can be found here. In the last three months, insiders sold 21,636 shares of company stock valued at $667,583. Corporate insiders own 2.70% of the company’s stock.
Heritage Financial Corp (NASDAQ HFWA) traded down $0.50 during mid-day trading on Tuesday, reaching $30.30. The company had a trading volume of 137,950 shares, compared to its average volume of 124,300. Heritage Financial Corp has a one year low of $22.50 and a one year high of $33.25. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.27. The company has a market cap of $906.85, a price-to-earnings ratio of 21.80, a PEG ratio of 2.17 and a beta of 0.47.
Heritage Financial (NASDAQ:HFWA) last posted its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.35 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.35. The company had revenue of $43.39 million during the quarter, compared to analyst estimates of $42.85 million. Heritage Financial had a return on equity of 8.42% and a net margin of 23.48%. equities research analysts predict that Heritage Financial Corp will post 1.42 earnings per share for the current year.
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Heritage Financial Company Profile
Heritage Financial Corporation is a bank holding company. The Company is engaged in the business of planning, directing and coordinating the business activities of its bank subsidiary, Heritage Bank (the Bank). The Bank’s lending activities focus on commercial business lending. The Bank also originates consumer loans, real estate construction and land development loans, and one- to four-family residential loans.
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