Heritage Financial (NASDAQ:HFWA) Stock Passes Above 200 Day Moving Average of $18.55

Heritage Financial Co. (NASDAQ:HFWAGet Free Report)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $18.55 and traded as high as $19.49. Heritage Financial shares last traded at $18.98, with a volume of 224,567 shares trading hands.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. TheStreet upgraded Heritage Financial from a “c+” rating to a “b-” rating in a report on Tuesday, December 12th. Stephens restated an “equal weight” rating and issued a $22.00 price objective on shares of Heritage Financial in a report on Wednesday, March 13th. StockNews.com upgraded Heritage Financial from a “sell” rating to a “hold” rating in a report on Friday, January 26th. DA Davidson cut their price objective on Heritage Financial from $24.00 to $23.00 and set a “buy” rating for the company in a report on Friday, January 26th. Finally, Keefe, Bruyette & Woods reduced their target price on Heritage Financial from $23.00 to $22.00 and set a “market perform” rating for the company in a report on Friday, January 26th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $22.25.

Check Out Our Latest Research Report on HFWA

Heritage Financial Price Performance

The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.61. The firm has a market cap of $639.99 million, a price-to-earnings ratio of 10.55 and a beta of 0.54. The stock has a 50-day moving average of $18.80 and a two-hundred day moving average of $18.56.

Heritage Financial (NASDAQ:HFWAGet Free Report) last released its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.47 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.47. Heritage Financial had a return on equity of 8.66% and a net margin of 20.37%. The business had revenue of $50.72 million during the quarter, compared to analyst estimates of $62.00 million. On average, analysts anticipate that Heritage Financial Co. will post 1.74 EPS for the current year.

Heritage Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Thursday, February 8th were given a $0.23 dividend. This is a positive change from Heritage Financial’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.98%. Heritage Financial’s dividend payout ratio (DPR) is 52.57%.

Institutional Investors Weigh In On Heritage Financial

Hedge funds have recently bought and sold shares of the business. Quarry LP lifted its stake in Heritage Financial by 829.4% in the 1st quarter. Quarry LP now owns 1,803 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 1,609 shares in the last quarter. Coppell Advisory Solutions Corp. purchased a new stake in Heritage Financial in the 4th quarter worth about $42,000. Tower Research Capital LLC TRC lifted its stake in Heritage Financial by 34.4% in the 1st quarter. Tower Research Capital LLC TRC now owns 2,749 shares of the financial services provider’s stock worth $59,000 after acquiring an additional 703 shares in the last quarter. Captrust Financial Advisors lifted its stake in Heritage Financial by 75.6% in the 1st quarter. Captrust Financial Advisors now owns 2,471 shares of the financial services provider’s stock worth $62,000 after acquiring an additional 1,064 shares in the last quarter. Finally, Point72 Middle East FZE purchased a new stake in Heritage Financial in the 4th quarter worth about $69,000. 78.30% of the stock is owned by hedge funds and other institutional investors.

Heritage Financial Company Profile

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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.

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