Heritage Financial Co. (NASDAQ:HFWA – Get Rating) was the recipient of a large increase in short interest in the month of December. As of December 30th, there was short interest totalling 1,060,000 shares, an increase of 7.1% from the December 15th total of 989,500 shares. Currently, 3.1% of the shares of the company are short sold. Based on an average trading volume of 217,600 shares, the short-interest ratio is presently 4.9 days.
Analyst Ratings Changes
HFWA has been the topic of a number of recent research reports. StockNews.com downgraded shares of Heritage Financial from a “hold” rating to a “sell” rating in a research note on Thursday, January 5th. DA Davidson raised their target price on shares of Heritage Financial to $35.00 in a report on Thursday, October 27th. Finally, Piper Sandler raised their target price on shares of Heritage Financial to $38.00 in a report on Tuesday, November 1st.
In related news, EVP Cindy M. Huntley sold 1,193 shares of the company’s stock in a transaction on Friday, November 4th. The shares were sold at an average price of $32.61, for a total value of $38,903.73. Following the completion of the transaction, the executive vice president now owns 19,815 shares of the company’s stock, valued at approximately $646,167.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Brian L. Vance sold 5,148 shares of the stock in a transaction dated Wednesday, November 2nd. The shares were sold at an average price of $32.73, for a total value of $168,494.04. Following the sale, the director now directly owns 92,365 shares of the company’s stock, valued at approximately $3,023,106.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Cindy M. Huntley sold 1,193 shares of the stock in a transaction dated Friday, November 4th. The stock was sold at an average price of $32.61, for a total transaction of $38,903.73. Following the completion of the sale, the executive vice president now directly owns 19,815 shares in the company, valued at $646,167.15. The disclosure for this sale can be found here. Insiders sold a total of 8,341 shares of company stock valued at $274,738 in the last 90 days. Company insiders own 1.80% of the company’s stock.
Hedge Funds Weigh In On Heritage Financial
Heritage Financial Stock Performance
HFWA opened at $28.40 on Wednesday. The firm has a market capitalization of $996.95 million, a PE ratio of 12.79 and a beta of 0.63. Heritage Financial has a twelve month low of $23.31 and a twelve month high of $34.34. The firm’s 50-day moving average price is $30.83 and its 200 day moving average price is $29.03. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.03.
About Heritage Financial
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. The company 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.
- Get a free copy of the StockNews.com research report on Heritage Financial (HFWA)
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