22,326 Shares in Heritage Financial Co. (NASDAQ:HFWA) Bought by Mackenzie Financial Corp

Mackenzie Financial Corp purchased a new position in Heritage Financial Co. (NASDAQ:HFWA - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 22,326 shares of the financial services provider's stock, valued at approximately $547,000. Mackenzie Financial Corp owned approximately 0.07% of Heritage Financial at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of HFWA. Proficio Capital Partners LLC acquired a new position in Heritage Financial in the 4th quarter worth approximately $280,000. Deutsche Bank AG grew its holdings in shares of Heritage Financial by 60.1% during the fourth quarter. Deutsche Bank AG now owns 29,871 shares of the financial services provider's stock valued at $732,000 after buying an additional 11,210 shares in the last quarter. Bank of America Corp DE raised its position in Heritage Financial by 45.5% during the fourth quarter. Bank of America Corp DE now owns 147,887 shares of the financial services provider's stock valued at $3,623,000 after buying an additional 46,260 shares during the period. Ieq Capital LLC acquired a new position in Heritage Financial during the fourth quarter valued at $274,000. Finally, Jennison Associates LLC lifted its stake in Heritage Financial by 26.7% in the 4th quarter. Jennison Associates LLC now owns 2,206,766 shares of the financial services provider's stock worth $54,066,000 after acquiring an additional 465,708 shares in the last quarter. Institutional investors and hedge funds own 78.30% of the company's stock.

Heritage Financial Stock Down 1.7%

Shares of NASDAQ HFWA traded down $0.40 during mid-day trading on Wednesday, reaching $22.98. 123,028 shares of the company traded hands, compared to its average volume of 214,175. Heritage Financial Co. has a fifty-two week low of $16.55 and a fifty-two week high of $27.58. The stock has a market cap of $783.76 million, a PE ratio of 18.53 and a beta of 0.55. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.82 and a current ratio of 0.84. The company's fifty day moving average is $22.92 and its two-hundred day moving average is $24.15.

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

Heritage Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Wednesday, May 7th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date of this dividend was Wednesday, May 7th. Heritage Financial's dividend payout ratio is 64.86%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on HFWA shares. Keefe, Bruyette & Woods cut their price objective 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 cut their price target on Heritage Financial from $34.00 to $31.00 and set an "overweight" rating for the company in a research note on Monday, April 28th.

Insider Buying and Selling at Heritage Financial

In other news, CEO Jeffrey J. Deuel sold 7,033 shares of Heritage Financial stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $23.66, for a total value of $166,400.78. Following the completion of the transaction, the chief executive officer now owns 70,906 shares in the company, valued at approximately $1,677,635.96. The trade was a 9.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Donald Hinson sold 3,420 shares of the business's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $23.59, for a total transaction of $80,677.80. Following the completion of the transaction, the chief financial officer now owns 42,087 shares of the company's stock, valued at $992,832.33. This trade represents a 7.52% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,311 shares of company stock valued at $267,473. 1.90% of the stock is currently owned by corporate insiders.

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.