Heritage Financial Co. (NASDAQ:HFWA - Free Report) - DA Davidson reduced their FY2024 earnings per share estimates for Heritage Financial in a note issued to investors on Monday, April 29th. DA Davidson analyst J. Rulis now expects that the financial services provider will earn $1.70 per share for the year, down from their previous estimate of $2.05. DA Davidson currently has a "Buy" rating and a $23.00 target price on the stock. The consensus estimate for Heritage Financial's current full-year earnings is $1.68 per share.
Other equities research analysts also recently issued research reports about the company. StockNews.com raised Heritage Financial from a "sell" rating to a "hold" rating in a research report on Friday, January 26th. Stephens reissued an "equal weight" rating and set a $22.00 price target on shares of Heritage Financial in a research report on Wednesday, March 13th. Finally, Keefe, Bruyette & Woods reduced their price target on Heritage Financial from $23.00 to $22.00 and set a "market perform" rating on the stock in a research report on Friday, January 26th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $22.25.
View Our Latest Report on Heritage Financial
Heritage Financial Stock Performance
Shares of Heritage Financial stock traded up $0.52 on Wednesday, hitting $18.26. The stock had a trading volume of 206,903 shares, compared to its average volume of 187,523. Heritage Financial has a twelve month low of $14.85 and a twelve month high of $22.55. The business's 50 day moving average is $18.34 and its two-hundred day moving average is $18.77. The company has a quick ratio of 0.78, a current ratio of 0.80 and a debt-to-equity ratio of 0.62. The stock has a market cap of $632.80 million, a price-to-earnings ratio of 13.73 and a beta of 0.54.
Institutional Investors Weigh In On Heritage Financial
Several institutional investors and hedge funds have recently added to or reduced their stakes in HFWA. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Heritage Financial by 39.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,308 shares of the financial services provider's stock valued at $569,000 after acquiring an additional 7,664 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Heritage Financial by 10.1% in the 1st quarter. Principal Financial Group Inc. now owns 200,324 shares of the financial services provider's stock valued at $3,884,000 after acquiring an additional 18,434 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Heritage Financial by 6.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 205,854 shares of the financial services provider's stock valued at $3,992,000 after acquiring an additional 12,008 shares during the last quarter. Kiley Juergens Wealth Management LLC lifted its stake in shares of Heritage Financial by 0.7% in the 1st quarter. Kiley Juergens Wealth Management LLC now owns 239,596 shares of the financial services provider's stock valued at $4,646,000 after acquiring an additional 1,741 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. bought a new position in shares of Heritage Financial in the 1st quarter valued at $216,000. 78.30% of the stock is currently owned by institutional investors.
Heritage Financial Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 5.04%. The ex-dividend date of this dividend is Tuesday, May 7th. Heritage Financial's payout ratio is presently 69.17%.
About Heritage Financial
(
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.
Recommended Stories
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
Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
