6 days Ago By ABMN Staff
Heritage Financial ( NASDAQ:HFWA – Free Report ) had its target price lowered by Keefe, Bruyette & Woods from $27.00 to $26.00 in a research note issued to investors on Monday morning, Benzinga reports.
The brokerage currently has a market perform rating on the financial services provider’s stock. Separately, StockNews.com raised Heritage Financial from a “sell” rating to a “hold” rating in a research report on Monday, January 27th.
Read Our Latest Research Report on HFWA Heritage Financial Trading Up 0.8 % Heritage Financial ( NASDAQ:HFWA – Get Free Report ) last released its earnings results on Thursday, April 24th. The financial services provider reported $0.
49 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03.
Heritage Financial had a return on equity of 7.17% and a net margin of 13.64%.
The firm had revenue of $57.59 million for the quarter, compared to analysts’ expectations of $61.74 million.
As a group, equities analysts forecast that Heritage Financial will post 2.09 EPS for the current fiscal year. Heritage Financial Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 21st.
Stockholders of record on Wednesday, May 7th will be paid a $0.24 dividend. The ex-dividend date is Wednesday, May 7th.
This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.22%.
Heritage Financial’s dividend payout ratio (DPR) is presently 77.42%. Insider Transactions at Heritage Financial In related news, CFO Donald Hinson sold 3,420 shares of the firm’s stock in a transaction on Monday, March 17th.
The shares were sold at an average price of $23.59, for a total transaction of $80,677.80.
Following the completion of the transaction, the chief financial officer now directly owns 42,087 shares of the company’s stock, valued at approximately $992,832.33. This trade represents a 7.
52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link . Also, CEO Jeffrey J.
Deuel sold 7,033 shares of the firm’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $23.66, for a total transaction of $166,400.
78. Following the transaction, the chief executive officer now directly owns 70,906 shares of the company’s stock, valued at $1,677,635.96.
The trade was a 9.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
Insiders sold a total of 11,311 shares of company stock valued at $267,473 over the last three months. Corporate insiders own 1.80% of the company’s stock.
Hedge Funds Weigh In On Heritage Financial Institutional investors have recently bought and sold shares of the business. Proficio Capital Partners LLC bought a new position in Heritage Financial during the fourth quarter valued at $280,000. Barclays PLC lifted its position in Heritage Financial by 105.
4% during the third quarter. Barclays PLC now owns 73,300 shares of the financial services provider’s stock valued at $1,595,000 after purchasing an additional 37,606 shares during the last quarter. Ieq Capital LLC bought a new stake in shares of Heritage Financial in the 4th quarter worth about $274,000.
Jennison Associates LLC lifted its holdings in shares of Heritage Financial by 26.7% in the 4th quarter. Jennison Associates LLC now owns 2,206,766 shares of the financial services provider’s stock worth $54,066,000 after acquiring an additional 465,708 shares during the last quarter.
Finally, Amundi lifted its holdings in shares of Heritage Financial by 199.9% in the 4th quarter. Amundi now owns 16,923 shares of the financial services provider’s stock worth $402,000 after acquiring an additional 11,281 shares during the last quarter.
Institutional investors own 78.30% of the company’s stock. Heritage Financial Company Profile ( Get Free Report ) Heritage Financial Corporation operates as the bank holding company for Heritage Bank that provides various financial services to small and medium sized businesses and individuals in the United States.
It accepts various deposit products, such as noninterest demand deposits, interest bearing demand deposits, money market accounts, savings accounts, personal checking accounts, and certificates of deposit. Featured Articles Receive News & Ratings for Heritage Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heritage Financial and related companies with MarketBeat.com's FREE daily email newsletter .
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