Tudor Investment Corp ET AL Invests $1.50 Million in Heritage Financial Co. (NASDAQ:HFWA)

Tudor Investment Corp ET AL bought a new position in shares of Heritage Financial Co. (NASDAQ:HFWA - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 61,356 shares of the financial services provider's stock, valued at approximately $1,503,000. Tudor Investment Corp ET AL owned about 0.18% of Heritage Financial at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Sterling Capital Management LLC boosted its stake 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 buying an additional 945 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Heritage Financial in the fourth quarter valued at $157,000. Quantbot Technologies LP acquired a new position in Heritage Financial during the fourth quarter worth $166,000. Zions Bancorporation N.A. bought a new stake in shares of Heritage Financial in the 4th quarter valued at about $168,000. Finally, Stifel Financial Corp acquired a new position in Heritage Financial during the fourth quarter worth approximately $205,000. Institutional investors own 78.30% of the company's stock.

Heritage Financial Stock Performance

Shares of NASDAQ HFWA traded down $0.07 during trading hours on Friday, reaching $23.49. 168,088 shares of the stock were exchanged, compared to its average volume of 211,455. The firm has a market capitalization of $801.15 million, a price-to-earnings ratio of 18.94 and a beta of 0.53. The stock's fifty day simple moving average is $23.00 and its 200 day simple moving average is $24.27. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.82 and a current ratio of 0.84. Heritage Financial Co. has a 52 week low of $16.55 and a 52 week high of $27.58.

Heritage Financial (NASDAQ:HFWA - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.03. The firm had revenue of $57.59 million for the quarter, compared to analysts' expectations of $61.74 million. Heritage Financial had a return on equity of 7.17% and a net margin of 13.64%. Sell-side analysts predict that Heritage Financial Co. will post 2.09 EPS for the current year.

Heritage Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Wednesday, May 7th will be given a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, May 7th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.09%. Heritage Financial's payout ratio is 64.86%.

Insider Buying and Selling at Heritage Financial

In related 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 transaction, the chief executive officer now directly owns 70,906 shares of the company's stock, valued at $1,677,635.96. This trade represents a 9.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Donald Hinson sold 3,420 shares of the firm's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $23.59, for a total value of $80,677.80. Following the completion of the sale, the chief financial officer now directly owns 42,087 shares in the company, valued at approximately $992,832.33. This represents a 7.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,311 shares of company stock valued at $267,473 in the last three months. Corporate insiders own 1.80% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on HFWA. StockNews.com upgraded Heritage Financial from a "sell" rating to a "hold" rating in a research note on Monday, January 27th. Piper Sandler decreased their price objective 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. Finally, Keefe, Bruyette & Woods dropped their price objective 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.

Heritage Financial 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.