Insider Selling: Heritage Financial Corp (NASDAQ:HFWA) Insider Sells 8,661 Shares of Stock

Heritage Financial Corp (NASDAQ:HFWA) insider David A. Spurling sold 8,661 shares of Heritage Financial stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $27.47, for a total transaction of $237,917.67. Following the sale, the insider now owns 20,299 shares of the company’s stock, valued at approximately $557,613.53. The sale was disclosed in a document filed with the SEC, which is available through this link.

Shares of Heritage Financial stock traded up $0.19 during trading on Wednesday, hitting $27.36. 146,693 shares of the stock traded hands, compared to its average volume of 134,255. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.03. The stock’s fifty day simple moving average is $27.74 and its 200 day simple moving average is $27.96. The firm has a market cap of $1.01 billion, a P/E ratio of 15.55 and a beta of 0.73. Heritage Financial Corp has a 52-week low of $25.24 and a 52-week high of $33.22.

Heritage Financial (NASDAQ:HFWA) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.01. Heritage Financial had a net margin of 26.72% and a return on equity of 8.67%. The company had revenue of $58.70 million during the quarter, compared to analyst estimates of $59.04 million. As a group, equities analysts expect that Heritage Financial Corp will post 1.82 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th were issued a $0.19 dividend. The ex-dividend date was Wednesday, November 6th. This represents a $0.76 annualized dividend and a dividend yield of 2.78%. Heritage Financial’s dividend payout ratio is currently 43.18%.

HFWA has been the topic of a number of research analyst reports. DA Davidson downgraded shares of Heritage Financial from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 12th. Stephens reaffirmed a “hold” rating and set a $29.00 target price on shares of Heritage Financial in a research report on Thursday, October 24th. BidaskClub downgraded shares of Heritage Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, November 20th. ValuEngine upgraded Heritage Financial from a “sell” rating to a “hold” rating in a report on Monday, August 12th. Finally, Zacks Investment Research raised Heritage Financial from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company. Heritage Financial has an average rating of “Hold” and a consensus target price of $31.67.

Institutional investors and hedge funds have recently made changes to their positions in the company. Nisa Investment Advisors LLC lifted its holdings in Heritage Financial by 119.1% during the second quarter. Nisa Investment Advisors LLC now owns 1,205 shares of the financial services provider’s stock worth $36,000 after buying an additional 655 shares during the period. Russell Investments Group Ltd. purchased a new position in shares of Heritage Financial in the 3rd quarter valued at $134,000. Capital Fund Management S.A. bought a new position in shares of Heritage Financial in the 2nd quarter worth $219,000. Marshall Wace North America L.P. bought a new position in shares of Heritage Financial in the 2nd quarter worth $296,000. Finally, Metropolitan Life Insurance Co NY lifted its stake in shares of Heritage Financial by 4.2% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 11,611 shares of the financial services provider’s stock worth $313,000 after purchasing an additional 473 shares during the last quarter. 80.19% of the stock is owned by hedge funds and other institutional investors.

Heritage Financial Company 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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Insider Buying and Selling by Quarter for Heritage Financial (NASDAQ:HFWA)

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