WINTON GROUP Ltd cut its stake in shares of Heritage Financial Corp (NASDAQ:HFWA) by 2.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,483 shares of the financial services provider’s stock after selling 475 shares during the quarter. WINTON GROUP Ltd’s holdings in Heritage Financial were worth $520,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently made changes to their positions in the stock. Quantamental Technologies LLC bought a new stake in Heritage Financial during the 4th quarter worth approximately $30,000. Marshall & Sullivan Inc. WA raised its holdings in Heritage Financial by 1,948.0% during the third quarter. Marshall & Sullivan Inc. WA now owns 6,144 shares of the financial services provider’s stock worth $216,000 after buying an additional 5,844 shares during the last quarter. Teachers Retirement System of The State of Kentucky acquired a new position in Heritage Financial during the third quarter worth $228,000. Ontario Teachers Pension Plan Board acquired a new position in Heritage Financial during the third quarter worth $264,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Heritage Financial by 31.0% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,922 shares of the financial services provider’s stock worth $278,000 after buying an additional 1,876 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors.
Shares of NASDAQ HFWA traded down $0.19 during trading on Thursday, hitting $32.75. The stock had a trading volume of 3 shares, compared to its average volume of 98,173. Heritage Financial Corp has a 12 month low of $27.98 and a 12 month high of $37.40. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 2.22 and a beta of 0.72.
Heritage Financial (NASDAQ:HFWA) last posted its quarterly earnings results on Thursday, January 24th. The financial services provider reported $0.47 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.03). The company had revenue of $59.73 million for the quarter, compared to the consensus estimate of $59.40 million. Heritage Financial had a net margin of 22.94% and a return on equity of 8.82%. On average, research analysts anticipate that Heritage Financial Corp will post 2.1 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 21st. Investors of record on Thursday, February 7th will be given a dividend of $0.18 per share. The ex-dividend date is Wednesday, February 6th. This represents a $0.72 annualized dividend and a yield of 2.20%. This is a positive change from Heritage Financial’s previous quarterly dividend of $0.17. Heritage Financial’s dividend payout ratio is presently 40.91%.
Several analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Heritage Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, October 31st. BidaskClub upgraded shares of Heritage Financial from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 30th. Finally, ValuEngine lowered shares of Heritage Financial from a “buy” rating to a “hold” rating in a research note on Thursday, December 6th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $38.00.
In other Heritage Financial news, CFO Donald Hinson sold 3,268 shares of the stock in a transaction dated Wednesday, February 6th. The shares were sold at an average price of $31.60, for a total transaction of $103,268.80. Following the completion of the transaction, the chief financial officer now owns 30,625 shares in the company, valued at $967,750. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Brian L. Vance sold 5,000 shares of the stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of $34.74, for a total transaction of $173,700.00. Following the transaction, the director now owns 128,313 shares of the company’s stock, valued at approximately $4,457,593.62. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,979 shares of company stock valued at $471,901. 1.80% of the stock is owned by company insiders.
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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