Universal Beteiligungs und Servicegesellschaft mbH Invests $443,000 in Heritage Financial Corporation (NASDAQ:HFWA)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Heritage Financial Corporation (NASDAQ:HFWA - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 18,192 shares of the financial services provider's stock, valued at approximately $443,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.05% of Heritage Financial at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in HFWA. CWM LLC grew its position 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 worth $98,000 after buying an additional 520 shares during the period. Brighton Jones LLC increased its stake in Heritage Financial by 5.0% in the first quarter. Brighton Jones LLC now owns 11,864 shares of the financial services provider's stock valued at $289,000 after purchasing an additional 567 shares in the last quarter. GAMMA Investing LLC increased its stake in Heritage Financial by 45.3% in the first quarter. GAMMA Investing LLC now owns 2,972 shares of the financial services provider's stock valued at $72,000 after purchasing an additional 927 shares in the last quarter. Sterling Capital Management LLC boosted its position in shares of Heritage Financial by 794.1% during 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 in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake 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 valued at $733,000 after buying an additional 1,914 shares during the period. 78.30% of the stock is owned by institutional investors and hedge funds.

Heritage Financial Stock Performance

NASDAQ HFWA traded down $0.17 during trading hours on Thursday, reaching $22.23. 32,961 shares of the company were exchanged, compared to its average volume of 222,059. Heritage Financial Corporation has a 1 year low of $19.84 and a 1 year high of $27.58. The business's 50 day simple moving average is $23.84 and its 200-day simple moving average is $23.76. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $758.18 million, a P/E ratio of 15.55 and a beta of 0.57.

Heritage Financial (NASDAQ:HFWA - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.03. The business had revenue of $56.50 million during the quarter, compared to the consensus estimate of $63.54 million. Heritage Financial had a net margin of 15.22% and a return on equity of 7.34%. On average, equities research analysts expect that Heritage Financial Corporation will post 2.09 earnings per share for the current year.

Heritage Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 20th. Shareholders of record on Wednesday, August 6th will be given a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, August 6th. This represents a $0.96 dividend on an annualized basis and a yield of 4.3%. Heritage Financial's payout ratio is presently 67.13%.

Analyst Upgrades and Downgrades

HFWA has been the subject of several research reports. Keefe, Bruyette & Woods reduced their price target on shares of Heritage Financial from $27.00 to $26.00 and set a "market perform" rating for the company in a research report on Monday, April 28th. Wall Street Zen cut shares of Heritage Financial from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Finally, Piper Sandler lowered their target price on shares of Heritage Financial from $34.00 to $31.00 and set an "overweight" rating on the stock in a 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.