Jackson Creek Investment Advisors LLC purchased a new stake in Heritage Financial Corporation (NASDAQ:HFWA - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 61,861 shares of the financial services provider's stock, valued at approximately $1,505,000. Jackson Creek Investment Advisors LLC owned about 0.18% of Heritage Financial as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of HFWA. Sterling Capital Management LLC raised its stake 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 valued at $26,000 after purchasing an additional 945 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Heritage Financial by 45.3% during the first quarter. GAMMA Investing LLC now owns 2,972 shares of the financial services provider's stock worth $72,000 after buying an additional 927 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of Heritage Financial by 519.0% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,553 shares of the financial services provider's stock valued at $87,000 after acquiring an additional 2,979 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Heritage Financial by 475.6% during the 4th quarter. Public Employees Retirement System of Ohio now owns 3,989 shares of the financial services provider's stock valued at $98,000 after buying an additional 3,296 shares during the period. Finally, CWM LLC raised its holdings in shares of Heritage Financial by 14.8% during the 1st quarter. CWM LLC now owns 4,042 shares of the financial services provider's stock valued at $98,000 after purchasing an additional 520 shares in the last quarter. Hedge funds and other institutional investors own 78.30% of the company's stock.
Heritage Financial Stock Down 0.3%
HFWA stock traded down $0.08 during midday trading on Monday, reaching $25.00. 102,403 shares of the company's stock traded hands, compared to its average volume of 207,666. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.33. The company has a market cap of $852.75 million, a price-to-earnings ratio of 14.09 and a beta of 0.54. The firm's fifty day moving average price is $23.93 and its 200-day moving average price is $23.81. Heritage Financial Corporation has a 52 week low of $19.84 and a 52 week high of $27.58.
Heritage Financial (NASDAQ:HFWA - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.49 EPS for the quarter, beating the consensus estimate of $0.46 by $0.03. The business had revenue of $57.59 million for the quarter, compared to the consensus estimate of $61.74 million. Heritage Financial had a net margin of 15.73% and a return on equity of 7.12%. As a group, sell-side analysts forecast that Heritage Financial Corporation will post 2.09 earnings per share for the current fiscal year.
Heritage Financial Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 7th were issued a $0.24 dividend. The ex-dividend date was Wednesday, May 7th. This represents a $0.96 dividend on an annualized basis and a yield of 3.84%. Heritage Financial's dividend payout ratio (DPR) is 64.86%.
Analyst Ratings Changes
Several analysts have issued reports on HFWA shares. Piper Sandler decreased their price target 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. Keefe, Bruyette & Woods reduced their target price on shares of Heritage Financial from $27.00 to $26.00 and set a "market perform" rating for the company in a report on Monday, April 28th.
Read Our Latest Research Report on Heritage Financial
About Heritage Financial
(
Free Report)
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.
Further Reading
Before you consider Heritage Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Heritage Financial wasn't on the list.
While Heritage Financial currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Fall 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access