Heritage Financial Corporation $HFWA Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC reduced its stake in Heritage Financial Corporation (NASDAQ:HFWA) by 22.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,931 shares of the financial services provider’s stock after selling 10,110 shares during the period. Intech Investment Management LLC owned approximately 0.10% of Heritage Financial worth $833,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of HFWA. Strs Ohio purchased a new stake in Heritage Financial during the 1st quarter worth about $613,000. Penn Capital Management Company LLC acquired a new position in shares of Heritage Financial in the 1st quarter valued at $631,000. Public Sector Pension Investment Board boosted its holdings in shares of Heritage Financial by 26.7% in the 1st quarter. Public Sector Pension Investment Board now owns 107,826 shares of the financial services provider’s stock valued at $2,623,000 after buying an additional 22,718 shares in the last quarter. Nuveen LLC purchased a new position in shares of Heritage Financial in the 1st quarter valued at $2,491,000. Finally, Trexquant Investment LP raised its stake in Heritage Financial by 73.1% during the 1st quarter. Trexquant Investment LP now owns 116,930 shares of the financial services provider’s stock worth $2,845,000 after acquiring an additional 49,371 shares in the last quarter. 78.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Heritage Financial

In related news, President Bryan Mcdonald acquired 19,106 shares of the company’s stock in a transaction that occurred on Thursday, November 20th. The stock was purchased at an average price of $22.32 per share, for a total transaction of $426,445.92. Following the transaction, the president owned 31,363 shares in the company, valued at $700,022.16. This trade represents a 155.88% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.80% of the stock is currently owned by company insiders.

Heritage Financial Trading Down 0.9%

NASDAQ:HFWA opened at $24.25 on Thursday. Heritage Financial Corporation has a 1 year low of $19.84 and a 1 year high of $27.38. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.85 and a current ratio of 0.84. The stock has a fifty day moving average price of $23.25 and a two-hundred day moving average price of $23.66. The stock has a market capitalization of $823.46 million, a price-to-earnings ratio of 14.70 and a beta of 0.57.

Heritage Financial (NASDAQ:HFWA) last issued its earnings results on Thursday, October 23rd. The financial services provider reported $0.56 earnings per share for the quarter, hitting the consensus estimate of $0.56. The company had revenue of $65.70 million for the quarter, compared to analyst estimates of $65.25 million. Heritage Financial had a net margin of 17.27% and a return on equity of 8.21%. As a group, sell-side analysts anticipate that Heritage Financial Corporation will post 2.09 earnings per share for the current fiscal year.

Heritage Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 19th. Shareholders of record on Wednesday, November 5th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Wednesday, November 5th. This represents a $0.96 annualized dividend and a yield of 4.0%. Heritage Financial’s dividend payout ratio (DPR) is presently 58.18%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Wall Street Zen raised Heritage Financial from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Heritage Financial in a report on Wednesday, October 8th. Keefe, Bruyette & Woods raised their target price on shares of Heritage Financial from $26.00 to $28.00 and gave the stock a “market perform” rating in a research report on Monday, September 29th. DA Davidson set a $29.00 price target on shares of Heritage Financial in a research report on Monday, September 29th. Finally, Zacks Research upgraded shares of Heritage Financial from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $29.33.

Heritage Financial 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.