61,861 Shares in Heritage Financial Corporation (NASDAQ:HFWA) Acquired by Jackson Creek Investment Advisors LLC

Jackson Creek Investment Advisors LLC purchased a new stake in Heritage Financial Corporation (NASDAQ:HFWA - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 61,861 shares of the financial services provider's stock, valued at approximately $1,505,000. Jackson Creek Investment Advisors LLC owned 0.18% of Heritage Financial at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. CWM LLC grew its holdings in shares of Heritage Financial by 14.8% in the 1st quarter. CWM LLC now owns 4,042 shares of the financial services provider's stock worth $98,000 after purchasing an additional 520 shares during the last quarter. Brighton Jones LLC grew its holdings in shares of Heritage Financial by 5.0% in the 1st quarter. Brighton Jones LLC now owns 11,864 shares of the financial services provider's stock worth $289,000 after purchasing an additional 567 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Heritage Financial by 45.3% in the 1st quarter. GAMMA Investing LLC now owns 2,972 shares of the financial services provider's stock worth $72,000 after purchasing an additional 927 shares during the last quarter. Sterling Capital Management LLC grew its holdings in shares of Heritage Financial by 794.1% in the 4th quarter. Sterling Capital Management LLC now owns 1,064 shares of the financial services provider's stock worth $26,000 after purchasing an additional 945 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Heritage Financial by 6.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 29,901 shares of the financial services provider's stock worth $733,000 after purchasing an additional 1,914 shares during the last quarter. Institutional investors own 78.30% of the company's stock.

Heritage Financial Trading Down 1.0%

Shares of NASDAQ:HFWA traded down $0.26 during mid-day trading on Friday, reaching $25.08. The stock had a trading volume of 106,665 shares, compared to its average volume of 208,089. The firm has a market cap of $855.38 million, a PE ratio of 16.95 and a beta of 0.54. The firm has a 50 day simple moving average of $23.93 and a two-hundred day simple moving average of $23.81. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.33. Heritage Financial Corporation has a twelve month low of $19.84 and a twelve month high of $27.58.

Heritage Financial (NASDAQ:HFWA - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.46 by $0.03. Heritage Financial had a net margin of 15.73% and a return on equity of 7.12%. The business had revenue of $57.59 million for the quarter, compared to the consensus estimate of $61.74 million. On average, research analysts predict that Heritage Financial Corporation will post 2.09 EPS for the current fiscal year.

Heritage Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Wednesday, May 7th were paid a dividend of $0.24 per share. The ex-dividend date was Wednesday, May 7th. This represents a $0.96 dividend on an annualized basis and a yield of 3.83%. Heritage Financial's payout ratio is 64.86%.

Analysts Set New Price Targets

Several research firms have recently weighed in on HFWA. Keefe, Bruyette & Woods lowered their target price on shares of Heritage Financial from $27.00 to $26.00 and set a "market perform" rating on the stock in a report on Monday, April 28th. Piper Sandler cut their target price on shares of Heritage Financial from $34.00 to $31.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th.

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.