Investment Analysts’ Recent Ratings Changes for Heritage Financial (HFWA)

Several brokerages have updated their recommendations and price targets on shares of Heritage Financial (NASDAQ: HFWA) in the last few weeks:

  • 5/10/2019 – Heritage Financial was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Heritage Financial Corporation, Inc. is a bank holding company. “
  • 5/4/2019 – Heritage Financial was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 4/30/2019 – Heritage Financial was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Heritage Financial Corporation, Inc. is a bank holding company. “
  • 4/26/2019 – Heritage Financial was downgraded by analysts at Sandler O’Neill from a “buy” rating to a “hold” rating. They now have a $32.00 price target on the stock, down previously from $34.00.
  • 3/28/2019 – Heritage Financial was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Heritage Financial Corporation, Inc. is a bank holding company. “
  • 3/27/2019 – Heritage Financial was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $34.00 price target on the stock. According to Zacks, “Heritage Financial Corporation, Inc. is a bank holding company. “
  • 3/22/2019 – Heritage Financial was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 3/21/2019 – Heritage Financial had its “hold” rating reaffirmed by analysts at Stephens. They now have a $36.00 price target on the stock.
  • 3/21/2019 – Heritage Financial was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Heritage Financial Corporation, Inc. is a bank holding company. “

Shares of HFWA stock traded up $0.35 during midday trading on Tuesday, hitting $30.45. 61,942 shares of the company were exchanged, compared to its average volume of 115,295. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 17.30, a PEG ratio of 2.17 and a beta of 0.70. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.84 and a current ratio of 0.84. Heritage Financial Corp has a 52 week low of $27.98 and a 52 week high of $37.40.

Heritage Financial (NASDAQ:HFWA) last announced its earnings results on Thursday, April 25th. The financial services provider reported $0.45 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.04). The company had revenue of $57.22 million for the quarter, compared to the consensus estimate of $59.73 million. Heritage Financial had a return on equity of 8.77% and a net margin of 25.04%. Sell-side analysts forecast that Heritage Financial Corp will post 2.01 EPS for the current year.



The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.36%. The ex-dividend date is Tuesday, May 7th. Heritage Financial’s payout ratio is 40.91%.

In other Heritage Financial news, Director Brian L. Vance sold 3,885 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $30.74, for a total value of $119,424.90. Following the completion of the sale, the director now owns 101,011 shares of the company’s stock, valued at approximately $3,105,078.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brian L. Vance sold 13,621 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $31.53, for a total transaction of $429,470.13. Following the completion of the sale, the director now directly owns 115,630 shares of the company’s stock, valued at approximately $3,645,813.90. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of HFWA. Jennison Associates LLC boosted its holdings in Heritage Financial by 61.4% in the 4th quarter. Jennison Associates LLC now owns 388,572 shares of the financial services provider’s stock valued at $11,548,000 after purchasing an additional 147,795 shares during the period. OppenheimerFunds Inc. boosted its holdings in Heritage Financial by 33.6% in the 1st quarter. OppenheimerFunds Inc. now owns 537,593 shares of the financial services provider’s stock valued at $16,202,000 after purchasing an additional 135,264 shares during the period. BlackRock Inc. boosted its holdings in Heritage Financial by 1.7% in the 4th quarter. BlackRock Inc. now owns 5,227,934 shares of the financial services provider’s stock valued at $155,374,000 after purchasing an additional 86,549 shares during the period. Vanguard Group Inc boosted its holdings in Heritage Financial by 4.8% in the 3rd quarter. Vanguard Group Inc now owns 1,896,237 shares of the financial services provider’s stock valued at $66,652,000 after purchasing an additional 86,143 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in Heritage Financial by 4.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,896,237 shares of the financial services provider’s stock valued at $66,652,000 after purchasing an additional 86,143 shares during the period. 81.76% of the stock is owned by hedge funds and other institutional investors.

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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