Heritage Financial Co. (NASDAQ:HFWA) Stock Position Increased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its position in shares of Heritage Financial Co. (NASDAQ:HFWA) by 2.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,008,656 shares of the financial services provider’s stock after buying an additional 25,971 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Heritage Financial were worth $21,575,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale bought a new position in shares of Heritage Financial in the fourth quarter valued at $81,000. Sequoia Financial Advisors LLC acquired a new stake in shares of Heritage Financial during the third quarter worth $184,000. Aigen Investment Management LP purchased a new stake in shares of Heritage Financial during the third quarter valued at $206,000. Arizona State Retirement System acquired a new position in shares of Heritage Financial in the 4th quarter valued at $210,000. Finally, Hsbc Holdings PLC increased its stake in Heritage Financial by 50.1% in the 3rd quarter. Hsbc Holdings PLC now owns 18,273 shares of the financial services provider’s stock worth $299,000 after purchasing an additional 6,096 shares in the last quarter. 78.30% of the stock is owned by institutional investors and hedge funds.

Heritage Financial Price Performance

HFWA opened at $18.29 on Friday. Heritage Financial Co. has a 12-month low of $15.50 and a 12-month high of $22.55. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $634.48 million, a P/E ratio of 13.75 and a beta of 0.56. The stock has a fifty day moving average of $18.36 and a 200-day moving average of $19.01.

Heritage Financial (NASDAQ:HFWA) last announced its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). The business had revenue of $48.63 million for the quarter, compared to analyst estimates of $59.87 million. Heritage Financial had a return on equity of 8.18% and a net margin of 15.70%. Equities analysts forecast that Heritage Financial Co. will post 1.59 EPS for the current fiscal year.

Heritage Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th were given a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $0.92 dividend on an annualized basis and a yield of 5.03%. Heritage Financial’s payout ratio is 69.17%.

Analyst Upgrades and Downgrades

Separately, Stephens reaffirmed an “equal weight” rating and set a $22.00 price objective on shares of Heritage Financial in a research note on Wednesday, March 13th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Heritage Financial has an average rating of “Hold” and an average target price of $22.25.

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. 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.