Heritage Financial Co. (NASDAQ:HFWA) Shares Sold by Kiley Juergens Wealth Management LLC

Kiley Juergens Wealth Management LLC cut its stake in Heritage Financial Co. (NASDAQ:HFWA) by 3.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 236,027 shares of the financial services provider’s stock after selling 8,385 shares during the period. Heritage Financial comprises about 1.4% of Kiley Juergens Wealth Management LLC’s holdings, making the stock its 17th largest holding. Kiley Juergens Wealth Management LLC owned about 0.69% of Heritage Financial worth $5,783,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of HFWA. Barclays PLC raised its holdings in shares of Heritage Financial by 105.4% in the 3rd 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 in the last quarter. Jane Street Group LLC increased its holdings in Heritage Financial by 46.9% in the third quarter. Jane Street Group LLC now owns 65,088 shares of the financial services provider’s stock valued at $1,417,000 after buying an additional 20,792 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Heritage Financial by 4.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,934,852 shares of the financial services provider’s stock valued at $34,884,000 after buying an additional 80,044 shares in the last quarter. Jennison Associates LLC boosted its position in shares of Heritage Financial by 71.4% during the 3rd quarter. Jennison Associates LLC now owns 1,741,058 shares of the financial services provider’s stock worth $37,903,000 after acquiring an additional 725,257 shares in the last quarter. Finally, Nwam LLC purchased a new position in shares of Heritage Financial in the 3rd quarter valued at about $1,194,000. 78.30% of the stock is owned by institutional investors and hedge funds.

Heritage Financial Trading Up 1.0 %

NASDAQ:HFWA opened at $24.55 on Tuesday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.46. Heritage Financial Co. has a 52-week low of $16.55 and a 52-week high of $27.58. The stock’s 50 day moving average price is $25.23 and its 200 day moving average price is $23.08. The company has a market capitalization of $838.38 million, a PE ratio of 22.73 and a beta of 0.57.

Heritage Financial (NASDAQ:HFWA) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.09). Heritage Financial had a net margin of 12.27% and a return on equity of 7.01%. The business had revenue of $81.65 million during the quarter, compared to analysts’ expectations of $58.17 million. During the same quarter last year, the company earned $0.51 EPS. On average, research analysts anticipate that Heritage Financial Co. will post 1.76 EPS for the current year.

Heritage Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend was Wednesday, November 6th. Heritage Financial’s dividend payout ratio (DPR) is presently 85.19%.

Insider Buying and Selling at Heritage Financial

In other news, EVP Tony Chalfant sold 2,975 shares of Heritage Financial stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $26.50, for a total value of $78,837.50. Following the sale, the executive vice president now owns 20,119 shares of the company’s stock, valued at $533,153.50. The trade was a 12.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.68% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Piper Sandler upped their price target on Heritage Financial from $27.00 to $28.00 and gave the company an “overweight” rating in a report on Monday, October 28th. Stephens upped their target price on shares of Heritage Financial from $24.00 to $26.00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Heritage Financial presently has an average rating of “Hold” and an average target price of $25.00.

Heritage Financial Company Profile

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.