Heritage Financial Corp (HFWA) Shares Bought by Marshall & Sullivan Inc. WA

Marshall & Sullivan Inc. WA raised its holdings in shares of Heritage Financial Corp (NASDAQ:HFWA) by 1,948.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,144 shares of the financial services provider’s stock after acquiring an additional 5,844 shares during the quarter. Marshall & Sullivan Inc. WA’s holdings in Heritage Financial were worth $216,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. First Trust Advisors LP grew its stake in shares of Heritage Financial by 17.4% in the 3rd quarter. First Trust Advisors LP now owns 116,400 shares of the financial services provider’s stock valued at $4,091,000 after buying an additional 17,289 shares in the last quarter. Texas Permanent School Fund grew its stake in shares of Heritage Financial by 147.0% in the 3rd quarter. Texas Permanent School Fund now owns 20,878 shares of the financial services provider’s stock valued at $734,000 after buying an additional 12,425 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in shares of Heritage Financial by 14.1% in the 3rd quarter. Louisiana State Employees Retirement System now owns 14,600 shares of the financial services provider’s stock valued at $513,000 after buying an additional 1,800 shares in the last quarter. State of Alaska Department of Revenue grew its stake in shares of Heritage Financial by 307.9% in the 3rd quarter. State of Alaska Department of Revenue now owns 10,320 shares of the financial services provider’s stock valued at $362,000 after buying an additional 7,790 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of Heritage Financial by 9.0% in the 2nd quarter. Northern Trust Corp now owns 572,632 shares of the financial services provider’s stock valued at $19,957,000 after buying an additional 47,270 shares in the last quarter. 79.50% of the stock is currently owned by institutional investors.

Several equities research analysts recently commented on HFWA shares. Zacks Investment Research cut Heritage Financial from a “buy” rating to a “hold” rating in a research note on Friday, July 27th. BidaskClub cut Heritage Financial from a “buy” rating to a “hold” rating in a research note on Friday, September 14th. ValuEngine cut Heritage Financial from a “buy” rating to a “hold” rating in a research note on Thursday, October 18th. Finally, Keefe, Bruyette & Woods cut Heritage Financial from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. Heritage Financial presently has an average rating of “Hold” and an average price target of $36.20.



Shares of NASDAQ HFWA opened at $32.26 on Tuesday. The company has a market capitalization of $1.17 billion, a P/E ratio of 21.80, a PEG ratio of 1.77 and a beta of 0.48. Heritage Financial Corp has a 52 week low of $28.46 and a 52 week 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.

Heritage Financial (NASDAQ:HFWA) last announced its earnings results on Thursday, October 25th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The firm had revenue of $59.18 million during the quarter, compared to analysts’ expectations of $57.63 million. Heritage Financial had a return on equity of 8.92% and a net margin of 20.10%. As a group, equities analysts forecast that Heritage Financial Corp will post 1.79 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 21st. Shareholders of record on Wednesday, November 7th will be given a dividend of $0.17 per share. The ex-dividend date is Tuesday, November 6th. This represents a $0.68 dividend on an annualized basis and a yield of 2.11%. This is a boost from Heritage Financial’s previous quarterly dividend of $0.15. Heritage Financial’s dividend payout ratio is presently 40.54%.

In other Heritage Financial news, Director John A. Clees sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $36.26, for a total transaction of $36,260.00. Following the completion of the sale, the director now owns 45,209 shares of the company’s stock, valued at $1,639,278.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.80% of the stock is owned by corporate insiders.

Heritage Financial Profile

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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Institutional Ownership by Quarter for Heritage Financial (NASDAQ:HFWA)

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