Heritage Financial (NASDAQ:HFWA) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.
A number of other equities analysts also recently commented on the company. Sandler O’Neill reissued a “buy” rating and set a $36.00 price objective on shares of Heritage Financial in a research report on Friday, January 26th. Piper Jaffray Companies reissued a “hold” rating and set a $33.00 price objective on shares of Heritage Financial in a research report on Tuesday, January 9th. BidaskClub downgraded Heritage Financial from a “buy” rating to a “hold” rating in a research report on Friday, December 29th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $33.00 price objective on shares of Heritage Financial in a research report on Friday, December 22nd. Finally, FIG Partners raised Heritage Financial from a “market-perform” rating to an “outperform” rating in a research report on Tuesday, December 12th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $34.60.
Heritage Financial (NASDAQ:HFWA) opened at $31.40 on Friday. The firm has a market capitalization of $1,068.92, a PE ratio of 24.53, a price-to-earnings-growth ratio of 1.73 and a beta of 0.50. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.85 and a quick ratio of 0.85. Heritage Financial has a 52-week low of $22.50 and a 52-week high of $33.25.
In related news, Director John A. Clees sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $31.07, for a total transaction of $31,070.00. Following the completion of the sale, the director now owns 46,042 shares in the company, valued at $1,430,524.94. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Brian Charneski sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $31.78, for a total value of $63,560.00. Following the sale, the director now owns 29,602 shares of the company’s stock, valued at approximately $940,751.56. The disclosure for this sale can be found here. Insiders own 2.70% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new stake in Heritage Financial during the third quarter worth approximately $131,000. Macquarie Group Ltd. purchased a new stake in Heritage Financial during the third quarter worth approximately $289,000. Teacher Retirement System of Texas purchased a new stake in Heritage Financial during the fourth quarter worth approximately $314,000. MetLife Investment Advisors LLC purchased a new stake in Heritage Financial during the fourth quarter worth approximately $389,000. Finally, Voya Investment Management LLC lifted its stake in Heritage Financial by 11.3% during the second quarter. Voya Investment Management LLC now owns 16,922 shares of the financial services provider’s stock worth $448,000 after purchasing an additional 1,715 shares during the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.
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Heritage Financial Company Profile
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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