Insider Selling: Heritage Financial Corp (HFWA) Director Sells $172,450.00 in Stock

Heritage Financial Corp (NASDAQ:HFWA) Director Brian L. Vance sold 5,000 shares of Heritage Financial stock in a transaction dated Monday, November 26th. The stock was sold at an average price of $34.49, for a total value of $172,450.00. Following the sale, the director now directly owns 128,313 shares of the company’s stock, valued at approximately $4,425,515.37. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of HFWA opened at $34.97 on Friday. Heritage Financial Corp has a one year low of $28.46 and a one year high of $37.40. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.03. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 23.63, a PEG ratio of 2.78 and a beta of 0.55.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 21st. Stockholders of record on Wednesday, November 7th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.94%. The ex-dividend date was Tuesday, November 6th. This is a boost from Heritage Financial’s previous quarterly dividend of $0.15. Heritage Financial’s payout ratio is 45.95%.

A number of analysts have commented on the company. Zacks Investment Research cut Heritage Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, October 9th. ValuEngine raised Heritage Financial from a “hold” rating to a “buy” rating in a research report on Friday, November 16th. Finally, BidaskClub raised Heritage Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, November 20th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Heritage Financial has a consensus rating of “Buy” and an average target price of $36.25.

Hedge funds have recently modified their holdings of the company. Sei Investments Co. lifted its holdings in shares of Heritage Financial by 61.5% in the 2nd quarter. Sei Investments Co. now owns 4,919 shares of the financial services provider’s stock valued at $172,000 after buying an additional 1,873 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Heritage Financial in the 2nd quarter valued at about $211,000. Marshall & Sullivan Inc. WA lifted its holdings in shares of Heritage Financial by 1,948.0% in the 3rd quarter. Marshall & Sullivan Inc. WA now owns 6,144 shares of the financial services provider’s stock valued at $216,000 after buying an additional 5,844 shares during the period. Teachers Retirement System of The State of Kentucky acquired a new position in shares of Heritage Financial in the 3rd quarter valued at about $228,000. Finally, Piedmont Investment Advisors LLC acquired a new position in shares of Heritage Financial in the 2nd quarter valued at about $235,000. 82.43% of the stock is owned by institutional investors and hedge funds.

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About Heritage Financial

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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