JPMorgan Chase & Co. Buys 500 Shares of Heritage Financial Co. (NASDAQ:HFWA)

JPMorgan Chase & Co. lifted its stake in shares of Heritage Financial Co. (NASDAQ:HFWAFree Report) by 0.4% in the third quarter, HoldingsChannel.com reports. The fund owned 123,283 shares of the financial services provider’s stock after acquiring an additional 500 shares during the quarter. JPMorgan Chase & Co.’s holdings in Heritage Financial were worth $2,684,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in HFWA. Barclays PLC boosted its stake in shares of Heritage Financial by 105.4% in the 3rd quarter. Barclays PLC now owns 73,300 shares of the financial services provider’s stock valued at $1,595,000 after purchasing an additional 37,606 shares in the last quarter. Jane Street Group LLC lifted its stake in Heritage Financial by 46.9% in the third quarter. Jane Street Group LLC now owns 65,088 shares of the financial services provider’s stock worth $1,417,000 after purchasing an additional 20,792 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Heritage Financial by 4.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,934,852 shares of the financial services provider’s stock valued at $34,884,000 after buying an additional 80,044 shares during the period. Jennison Associates LLC grew its stake in shares of Heritage Financial by 71.4% during the third quarter. Jennison Associates LLC now owns 1,741,058 shares of the financial services provider’s stock valued at $37,903,000 after buying an additional 725,257 shares during the last quarter. Finally, Nwam LLC purchased a new position in shares of Heritage Financial in the third quarter worth about $1,194,000. 78.30% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Tony Chalfant sold 2,975 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $26.50, for a total value of $78,837.50. Following the completion of the transaction, the executive vice president now owns 20,119 shares in the company, valued at $533,153.50. This trade represents a 12.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.68% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

HFWA has been the subject of several analyst reports. Piper Sandler increased their target price on Heritage Financial from $27.00 to $28.00 and gave the company an “overweight” rating in a report on Monday, October 28th. Stephens increased their price objective on Heritage Financial from $24.00 to $26.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $25.00.

Get Our Latest Stock Analysis on Heritage Financial

Heritage Financial Stock Up 1.0 %

Shares of NASDAQ:HFWA opened at $24.55 on Tuesday. The stock’s 50-day moving average is $25.23 and its 200 day moving average is $23.08. The company has a market cap of $838.38 million, a PE ratio of 22.73 and a beta of 0.57. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.82 and a quick ratio of 0.82. Heritage Financial Co. has a 1 year low of $16.55 and a 1 year high of $27.58.

Heritage Financial (NASDAQ:HFWAGet Free Report) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.09). The business had revenue of $81.65 million during the quarter, compared to analysts’ expectations of $58.17 million. Heritage Financial had a return on equity of 7.01% and a net margin of 12.27%. During the same period in the previous year, the business earned $0.51 EPS. Sell-side analysts anticipate that Heritage Financial Co. will post 1.76 EPS for the current year.

Heritage Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.75%. The ex-dividend date of this dividend was Wednesday, November 6th. Heritage Financial’s dividend payout ratio is currently 85.19%.

Heritage Financial Company Profile

(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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Institutional Ownership by Quarter for Heritage Financial (NASDAQ:HFWA)

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