News coverage about Heritage Financial Corporation (NASDAQ:HFWA) has trended somewhat positive this week, according to Accern. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Heritage Financial Corporation earned a news impact score of 0.24 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 46.7110797154268 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
HFWA has been the subject of a number of recent research reports. Zacks Investment Research cut shares of Heritage Financial Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Piper Jaffray Companies set a $29.00 price objective on shares of Heritage Financial Corporation and gave the stock a “hold” rating in a research note on Monday, August 14th. ValuEngine raised shares of Heritage Financial Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, BidaskClub cut shares of Heritage Financial Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Heritage Financial Corporation currently has an average rating of “Hold” and a consensus target price of $29.33.
Heritage Financial Corporation (NASDAQ:HFWA) opened at 29.45 on Thursday. The stock’s 50 day moving average is $27.70 and its 200-day moving average is $26.10. Heritage Financial Corporation has a 52 week low of $17.75 and a 52 week high of $30.00. The stock has a market capitalization of $877.02 million, a PE ratio of 21.04 and a beta of 0.50.
Heritage Financial Corporation (NASDAQ:HFWA) last released its earnings results on Wednesday, July 26th. The financial services provider reported $0.39 EPS for the quarter, beating the consensus estimate of $0.32 by $0.07. Heritage Financial Corporation had a net margin of 23.81% and a return on equity of 8.56%. The business had revenue of $44.84 million during the quarter, compared to analyst estimates of $41.59 million. Equities research analysts forecast that Heritage Financial Corporation will post $1.42 EPS for the current year.
In related news, Director John A. Clees sold 2,000 shares of the stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $27.28, for a total transaction of $54,560.00. Following the completion of the sale, the director now directly owns 49,042 shares of the company’s stock, valued at $1,337,865.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.70% of the stock is owned by corporate insiders.
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About Heritage Financial Corporation
Heritage Financial Corporation is a bank holding company. The Company is engaged in the business of planning, directing and coordinating the business activities of its bank subsidiary, Heritage Bank (the Bank). The Bank’s lending activities focus on commercial business lending. The Bank also originates consumer loans, real estate construction and land development loans, and one- to four-family residential loans.
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