Press coverage about Heritage Financial (NASDAQ:HFWA) has been trending somewhat positive recently, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Heritage Financial earned a daily sentiment score of 0.21 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 46.7887085728638 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- Chief Credit Officer of Heritage Financial Corp /Wa/ (NASDAQ:HFWA), Spurling David A, sells 615 shares worth $22,540 (empowerednews.net)
- Zacks: Analysts Anticipate Heritage Financial Corp (HFWA) to Announce $0.48 Earnings Per Share (americanbankingnews.com)
- Heritage Financial Corp (HFWA) Insider David A. Spurling Sells 615 Shares (americanbankingnews.com)
- Heritage Financial Corp (HFWA) Given Average Recommendation of “Buy” by Brokerages (americanbankingnews.com)
Several research analysts have commented on HFWA shares. BidaskClub raised Heritage Financial from a “hold” rating to a “buy” rating in a research report on Thursday. Zacks Investment Research raised Heritage Financial from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research report on Wednesday, June 27th. Finally, Keefe, Bruyette & Woods lowered Heritage Financial from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 26th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $35.60.
NASDAQ:HFWA traded up $0.10 during mid-day trading on Friday, hitting $36.60. The company had a trading volume of 136,096 shares, compared to its average volume of 187,949. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.85 and a quick ratio of 0.85. Heritage Financial has a 1 year low of $25.65 and a 1 year high of $37.38. The firm has a market capitalization of $1.35 billion, a PE ratio of 24.73, a price-to-earnings-growth ratio of 2.04 and a beta of 0.47.
Heritage Financial (NASDAQ:HFWA) last released its quarterly earnings data on Wednesday, July 25th. The financial services provider reported $0.35 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.09). Heritage Financial had a net margin of 19.36% and a return on equity of 8.54%. The company had revenue of $51.32 million during the quarter, compared to analysts’ expectations of $50.90 million. equities analysts anticipate that Heritage Financial will post 1.79 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 23rd. Stockholders of record on Thursday, August 9th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date was Wednesday, August 8th. Heritage Financial’s payout ratio is 40.54%.
In other news, CFO Donald Hinson sold 1,316 shares of Heritage Financial stock in a transaction dated Friday, July 27th. The stock was sold at an average price of $36.11, for a total transaction of $47,520.76. Following the sale, the chief financial officer now directly owns 31,909 shares of the company’s stock, valued at $1,152,233.99. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director John A. Clees sold 1,000 shares of Heritage Financial stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $36.26, for a total value of $36,260.00. Following the sale, the director now directly owns 45,209 shares in the company, valued at $1,639,278.34. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,665 shares of company stock worth $350,697. Corporate insiders own 2.70% of the company’s stock.
About Heritage Financial
Heritage Financial Corporation operates as the bank holding company for Heritage Bank that provides various financial services to businesses and individuals in the United States. The company accepts various deposit products, such as noninterest demand accounts, interest bearing demand deposits, money market accounts, savings accounts, personal checking accounts, and certificates of deposit.
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