Victory Capital Management Inc. increased its stake in shares of Heritage Financial Corporation (NASDAQ:HFWA - Free Report) by 15,727.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,480,997 shares of the financial services provider's stock after purchasing an additional 1,471,640 shares during the quarter. Victory Capital Management Inc. owned approximately 4.36% of Heritage Financial worth $36,033,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HFWA. Sterling Capital Management LLC raised its position in shares of Heritage Financial by 794.1% in the fourth 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 during the period. GAMMA Investing LLC raised its position in shares of 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 during the period. Point72 Asia Singapore Pte. Ltd. raised its position in shares of Heritage Financial by 519.0% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,553 shares of the financial services provider's stock valued at $87,000 after purchasing an additional 2,979 shares during the period. Public Employees Retirement System of Ohio raised its position in shares of Heritage Financial by 475.6% in the fourth quarter. Public Employees Retirement System of Ohio now owns 3,989 shares of the financial services provider's stock valued at $98,000 after purchasing an additional 3,296 shares during the period. Finally, CWM LLC increased its position in Heritage Financial by 14.8% during the first quarter. CWM LLC now owns 4,042 shares of the financial services provider's stock worth $98,000 after acquiring an additional 520 shares during the period. Institutional investors own 78.30% of the company's stock.
Heritage Financial Price Performance
Shares of Heritage Financial stock traded down $0.08 during mid-day trading on Monday, reaching $25.00. 102,403 shares of the stock were exchanged, compared to its average volume of 207,666. 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 company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.33. The firm has a 50-day simple moving average of $23.93 and a 200 day simple moving average of $23.81. Heritage Financial Corporation has a fifty-two week low of $19.84 and a fifty-two week high of $27.58.
Heritage Financial (NASDAQ:HFWA - Get Free Report) last announced its earnings results 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 net margin of 15.73% and a return on equity of 7.12%. The business had revenue of $57.59 million during the quarter, compared to analysts' expectations of $61.74 million. On average, sell-side analysts predict that Heritage Financial Corporation will post 2.09 EPS for the current fiscal year.
Heritage Financial Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 7th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date was Wednesday, May 7th. Heritage Financial's dividend payout ratio is currently 64.86%.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on HFWA shares. Keefe, Bruyette & Woods dropped 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 research report on Monday, April 28th. Piper Sandler dropped 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.
View Our Latest Stock Analysis on HFWA
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.
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