Heritage Financial Corporation (NASDAQ:HFWA - Get Free Report) declared a quarterly dividend on Thursday, July 24th, RTT News reports. Stockholders of record on Wednesday, August 6th will be given a dividend of 0.24 per share by the financial services provider on Wednesday, August 20th. This represents a $0.96 annualized dividend and a dividend yield of 4.04%.
Heritage Financial has a payout ratio of 42.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Heritage Financial to earn $2.28 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 42.1%.
Heritage Financial Stock Performance
Shares of NASDAQ HFWA traded down $1.19 during trading on Thursday, hitting $23.77. The company had a trading volume of 62,193 shares, compared to its average volume of 224,350. The stock has a 50 day simple moving average of $23.96 and a 200 day simple moving average of $23.83. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.84 and a current ratio of 0.84. Heritage Financial has a 12 month low of $19.84 and a 12 month high of $27.58. The firm has a market capitalization of $810.79 million, a P/E ratio of 16.06 and a beta of 0.54.
Heritage Financial (NASDAQ:HFWA - Get Free Report) last released its earnings results on Thursday, July 24th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.02. Heritage Financial had a return on equity of 7.12% and a net margin of 15.73%. As a group, analysts anticipate that Heritage Financial will post 2.09 earnings per share for the current year.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on HFWA shares. 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 report on Monday, April 28th. Keefe, Bruyette & Woods dropped their target price 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.
View Our Latest Report on Heritage Financial
Institutional Investors Weigh In On Heritage Financial
A number of institutional investors and hedge funds have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Heritage Financial by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,060 shares of the financial services provider's stock worth $488,000 after acquiring an additional 881 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Heritage Financial by 7.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 78,130 shares of the financial services provider's stock worth $1,901,000 after acquiring an additional 5,417 shares in the last quarter. Jane Street Group LLC raised its position in shares of Heritage Financial by 437.3% in the 1st quarter. Jane Street Group LLC now owns 107,482 shares of the financial services provider's stock worth $2,615,000 after acquiring an additional 87,479 shares in the last quarter. Finally, Empowered Funds LLC grew its stake in Heritage Financial by 4.2% during the 1st quarter. Empowered Funds LLC now owns 123,798 shares of the financial services provider's stock worth $3,012,000 after buying an additional 4,947 shares during the last quarter. 78.30% of the stock is owned by institutional investors.
Heritage Financial Company Profile
(
Get 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
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