Heritage Financial Co. (NASDAQ:HFWA) Shares Bought by Deutsche Bank AG

Deutsche Bank AG raised its position in shares of Heritage Financial Co. (NASDAQ:HFWA - Free Report) by 60.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,871 shares of the financial services provider's stock after buying an additional 11,210 shares during the quarter. Deutsche Bank AG owned about 0.09% of Heritage Financial worth $732,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of HFWA. Jennison Associates LLC raised its stake in Heritage Financial by 26.7% during the fourth quarter. Jennison Associates LLC now owns 2,206,766 shares of the financial services provider's stock valued at $54,066,000 after buying an additional 465,708 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Heritage Financial by 112.5% during the fourth quarter. Invesco Ltd. now owns 369,429 shares of the financial services provider's stock valued at $9,051,000 after purchasing an additional 195,541 shares during the last quarter. Deprince Race & Zollo Inc. bought a new position in shares of Heritage Financial during the fourth quarter valued at approximately $3,755,000. Russell Investments Group Ltd. grew its holdings in shares of Heritage Financial by 357.0% during the fourth quarter. Russell Investments Group Ltd. now owns 143,913 shares of the financial services provider's stock valued at $3,526,000 after purchasing an additional 112,419 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Heritage Financial by 83.3% during the fourth quarter. JPMorgan Chase & Co. now owns 225,948 shares of the financial services provider's stock valued at $5,536,000 after purchasing an additional 102,665 shares during the last quarter. Institutional investors and hedge funds own 78.30% of the company's stock.

Insider Buying and Selling at Heritage Financial

In other Heritage Financial news, CEO Jeffrey J. Deuel sold 7,033 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $23.66, for a total transaction of $166,400.78. Following the completion of the transaction, the chief executive officer now directly owns 70,906 shares of the company's stock, valued at approximately $1,677,635.96. This trade represents a 9.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Donald Hinson sold 3,420 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $23.59, for a total value of $80,677.80. Following the transaction, the chief financial officer now directly owns 42,087 shares of the company's stock, valued at approximately $992,832.33. The trade was a 7.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,311 shares of company stock valued at $267,473. 1.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on HFWA shares. Keefe, Bruyette & Woods lowered their target price on Heritage Financial from $27.00 to $26.00 and set a "market perform" rating for the company in a report on Monday, April 28th. Piper Sandler lowered their target price on Heritage Financial from $34.00 to $31.00 and set an "overweight" rating for the company in a report on Monday, April 28th.

Heritage Financial Stock Performance

HFWA stock traded up $0.08 on Friday, reaching $23.51. The company's stock had a trading volume of 271,950 shares, compared to its average volume of 214,401. Heritage Financial Co. has a 52 week low of $16.55 and a 52 week high of $27.58. The company has a market capitalization of $801.83 million, a P/E ratio of 18.96 and a beta of 0.53. The firm has a fifty day moving average of $22.97 and a two-hundred day moving average of $24.18. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.84 and a quick ratio of 0.82.

Heritage Financial (NASDAQ:HFWA - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.46 by $0.03. Heritage Financial had a return on equity of 7.17% and a net margin of 13.64%. The business had revenue of $57.59 million during the quarter, compared to analyst estimates of $61.74 million. As a group, analysts predict that Heritage Financial Co. will post 2.09 EPS for the current fiscal year.

Heritage Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 7th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date of this dividend was Wednesday, May 7th. Heritage Financial's payout ratio is currently 64.86%.

Heritage Financial 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.