Heritage Financial Co. (NASDAQ:HFWA) Shares Purchased by Martin & Co. Inc. TN

Martin & Co. Inc. TN grew its stake in Heritage Financial Co. (NASDAQ:HFWA) by 58.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 143,397 shares of the financial services provider’s stock after acquiring an additional 52,748 shares during the quarter. Martin & Co. Inc. TN owned about 0.41% of Heritage Financial worth $2,319,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its position in shares of Heritage Financial by 1.6% in the second quarter. Allspring Global Investments Holdings LLC now owns 254,918 shares of the financial services provider’s stock valued at $4,122,000 after acquiring an additional 3,932 shares in the last quarter. Barclays PLC lifted its position in shares of Heritage Financial by 85.1% in the second quarter. Barclays PLC now owns 69,198 shares of the financial services provider’s stock valued at $1,118,000 after acquiring an additional 31,805 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Heritage Financial by 3.8% in the second quarter. Bank of New York Mellon Corp now owns 862,342 shares of the financial services provider’s stock valued at $13,944,000 after acquiring an additional 31,372 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Heritage Financial by 15.4% in the first quarter. Russell Investments Group Ltd. now owns 135,685 shares of the financial services provider’s stock valued at $2,904,000 after acquiring an additional 18,156 shares in the last quarter. Finally, WINTON GROUP Ltd lifted its position in shares of Heritage Financial by 168.7% in the first quarter. WINTON GROUP Ltd now owns 28,909 shares of the financial services provider’s stock valued at $619,000 after acquiring an additional 18,151 shares in the last quarter. 78.42% of the stock is currently owned by hedge funds and other institutional investors.

Heritage Financial Trading Down 0.5 %

Heritage Financial stock traded down $0.09 during trading on Monday, hitting $17.80. The company’s stock had a trading volume of 19,526 shares, compared to its average volume of 224,783. The stock has a market capitalization of $621.24 million, a price-to-earnings ratio of 8.10 and a beta of 0.56. The stock’s fifty day moving average is $16.72 and its 200 day moving average is $17.00. Heritage Financial Co. has a 1-year low of $14.85 and a 1-year high of $33.34. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.76 and a current ratio of 0.76.

Heritage Financial (NASDAQ:HFWA) last announced its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.51 EPS for the quarter, topping the consensus estimate of $0.44 by $0.07. The company had revenue of $61.89 million during the quarter, compared to analyst estimates of $62.03 million. Heritage Financial had a return on equity of 9.59% and a net margin of 25.63%. As a group, equities research analysts predict that Heritage Financial Co. will post 2.02 EPS for the current year.

Heritage Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st were paid a dividend of $0.22 per share. The ex-dividend date was Tuesday, October 31st. This represents a $0.88 annualized dividend and a yield of 4.94%. Heritage Financial’s dividend payout ratio is presently 39.82%.

Insiders Place Their Bets

In other news, Director Brian Charneski purchased 5,000 shares of the company’s stock in a transaction on Wednesday, September 13th. The stock was bought at an average cost of $16.70 per share, for a total transaction of $83,500.00. Following the completion of the purchase, the director now directly owns 36,540 shares of the company’s stock, valued at approximately $610,218. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. StockNews.com upgraded Heritage Financial from a “sell” rating to a “hold” rating in a research report on Monday, November 13th. Stephens upped their target price on Heritage Financial from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Friday, July 28th. Finally, Piper Sandler dropped their target price on Heritage Financial from $23.00 to $22.00 in a research note on Monday, July 24th.

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. 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.