Heritage Financial Corporation $HFWA Shares Purchased by Keeley Teton Advisors LLC

Keeley Teton Advisors LLC raised its stake in Heritage Financial Corporation (NASDAQ:HFWA) by 36.4% during the first quarter, Holdings Channel reports. The firm owned 19,802 shares of the financial services provider’s stock after purchasing an additional 5,283 shares during the period. Keeley Teton Advisors LLC’s holdings in Heritage Financial were worth $482,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC increased its holdings in shares of Heritage Financial by 45.3% during the 1st quarter. GAMMA Investing LLC now owns 2,972 shares of the financial services provider’s stock worth $72,000 after buying an additional 927 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of Heritage Financial by 519.0% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,553 shares of the financial services provider’s stock worth $87,000 after purchasing an additional 2,979 shares during the period. Public Employees Retirement System of Ohio lifted its stake in shares of Heritage Financial by 475.6% in the 4th quarter. Public Employees Retirement System of Ohio now owns 3,989 shares of the financial services provider’s stock valued at $98,000 after purchasing an additional 3,296 shares in the last quarter. CWM LLC grew its holdings in shares of Heritage Financial by 14.8% during the 1st quarter. CWM LLC now owns 4,042 shares of the financial services provider’s stock worth $98,000 after purchasing an additional 520 shares during the period. Finally, Zions Bancorporation National Association UT purchased a new position in Heritage Financial in the first quarter valued at approximately $167,000. 78.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of Heritage Financial from a “hold” rating to a “sell” rating in a research note on Saturday, July 26th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $27.67.

Heritage Financial Stock Up 0.2%

NASDAQ HFWA opened at $24.61 on Thursday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.32. Heritage Financial Corporation has a fifty-two week low of $19.84 and a fifty-two week high of $27.58. The business has a 50 day moving average price of $23.95 and a two-hundred day moving average price of $23.58. The stock has a market cap of $835.51 million, a PE ratio of 17.21 and a beta of 0.57.

Heritage Financial (NASDAQ:HFWA) last posted its earnings results on Thursday, July 24th. The financial services provider reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.03. The business had revenue of $56.50 million for the quarter, compared to analysts’ expectations of $63.54 million. Heritage Financial had a net margin of 15.22% and a return on equity of 7.34%. As a group, sell-side analysts predict that Heritage Financial Corporation will post 2.09 EPS for the current fiscal year.

Heritage Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Wednesday, August 6th were issued a $0.24 dividend. The ex-dividend date was Wednesday, August 6th. This represents a $0.96 dividend on an annualized basis and a yield of 3.9%. Heritage Financial’s payout ratio is currently 67.13%.

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.