Jeffrey Lyon Sells 10,000 Shares of Heritage Financial (NASDAQ:HFWA) Stock

Heritage Financial Corporation (NASDAQ:HFWA) Director Jeffrey Lyon sold 10,000 shares of Heritage Financial stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $30.00, for a total transaction of $300,000.00. Following the completion of the sale, the director directly owned 40,719 shares of the company’s stock, valued at approximately $1,221,570. The trade was a 19.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Heritage Financial Stock Performance

HFWA opened at $29.65 on Friday. Heritage Financial Corporation has a 1-year low of $21.32 and a 1-year high of $31.25. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 14.12 and a beta of 0.50. The company’s fifty day moving average price is $29.17 and its two-hundred day moving average price is $27.55. The company has a current ratio of 0.83, a quick ratio of 0.81 and a debt-to-equity ratio of 0.17.

Heritage Financial (NASDAQ:HFWA) last issued its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.13. The firm had revenue of $84.13 million during the quarter, compared to analysts’ expectations of $86.30 million. Heritage Financial had a net margin of 20.44% and a return on equity of 8.78%. On average, analysts expect that Heritage Financial Corporation will post 2.37 EPS for the current fiscal year.

Heritage Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. Shareholders of record on Wednesday, August 5th will be paid a dividend of $0.25 per share. This is an increase from Heritage Financial’s previous quarterly dividend of $0.24. The ex-dividend date is Wednesday, August 5th. This represents a $1.00 dividend on an annualized basis and a yield of 3.4%. Heritage Financial’s dividend payout ratio (DPR) is presently 47.62%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on HFWA shares. Stephens raised their target price on Heritage Financial from $30.00 to $32.00 and gave the company an “equal weight” rating in a report on Tuesday, July 28th. Wall Street Zen upgraded Heritage Financial from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Keefe, Bruyette & Woods upped their target price on shares of Heritage Financial from $31.00 to $32.00 and gave the stock a “market perform” rating in a research note on Monday, July 27th. Zacks Research upgraded shares of Heritage Financial from a “strong sell” rating to a “hold” rating in a report on Friday, June 26th. Finally, DA Davidson boosted their price target on shares of Heritage Financial from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Heritage Financial has an average rating of “Moderate Buy” and an average target price of $32.50.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Illinois Municipal Retirement Fund boosted its holdings in shares of Heritage Financial by 2.9% in the 1st quarter. Illinois Municipal Retirement Fund now owns 18,381 shares of the financial services provider’s stock worth $478,000 after purchasing an additional 514 shares in the last quarter. CWM LLC lifted its position in Heritage Financial by 7.7% in the 4th quarter. CWM LLC now owns 8,249 shares of the financial services provider’s stock worth $195,000 after buying an additional 592 shares during the last quarter. GAMMA Investing LLC boosted its stake in Heritage Financial by 12.2% in the second quarter. GAMMA Investing LLC now owns 6,519 shares of the financial services provider’s stock worth $193,000 after buying an additional 710 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Heritage Financial by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,060 shares of the financial services provider’s stock valued at $488,000 after acquiring an additional 881 shares during the last quarter. Finally, Swiss National Bank raised its stake in shares of Heritage Financial by 1.5% during the first quarter. Swiss National Bank now owns 67,168 shares of the financial services provider’s stock worth $1,746,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors own 78.30% of the company’s stock.

About Heritage Financial

Heritage Financial Corporation (NASDAQ:HFWA) is a bank holding company headquartered in Spokane, Washington. Through its primary subsidiary, Heritage Bank, the company provides a comprehensive range of banking and financial services to both individual and commercial clients. Heritage Bank’s offerings encompass deposit products, lending solutions, treasury and cash management services, mortgage banking, and wealth management, positioning the organization as a full-service community bank.

The company’s lending portfolio includes commercial real estate loans, agricultural loans, small business administration (SBA) loans, construction and development financing, and a variety of consumer mortgage products.