Nwam LLC lowered its position in shares of Heritage Financial Corp (NASDAQ:HFWA) by 0.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 68,737 shares of the financial services provider’s stock after selling 450 shares during the period. Nwam LLC’s holdings in Heritage Financial were worth $2,030,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in HFWA. PNC Financial Services Group Inc. increased its stake in shares of Heritage Financial by 601.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,228 shares of the financial services provider’s stock valued at $36,000 after buying an additional 1,053 shares during the period. Northern Trust Corp increased its stake in shares of Heritage Financial by 0.4% during the fourth quarter. Northern Trust Corp now owns 608,472 shares of the financial services provider’s stock valued at $18,084,000 after buying an additional 2,219 shares during the period. United Services Automobile Association increased its stake in shares of Heritage Financial by 14.2% during the fourth quarter. United Services Automobile Association now owns 9,481 shares of the financial services provider’s stock valued at $282,000 after buying an additional 1,181 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Heritage Financial by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,728,242 shares of the financial services provider’s stock valued at $51,364,000 after buying an additional 23,241 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Heritage Financial by 12.0% during the fourth quarter. Geode Capital Management LLC now owns 382,935 shares of the financial services provider’s stock valued at $11,380,000 after buying an additional 41,164 shares during the period. Hedge funds and other institutional investors own 81.28% of the company’s stock.

HFWA stock traded down $0.05 during trading on Monday, reaching $28.17. 1,476 shares of the company traded hands, compared to its average volume of 109,114. Heritage Financial Corp has a 12 month low of $26.95 and a 12 month high of $37.40. The company’s 50 day moving average price is $29.33. The company has a market capitalization of $1.04 billion, a P/E ratio of 16.04, a price-to-earnings-growth ratio of 2.14 and a beta of 0.73. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.14.

Heritage Financial (NASDAQ:HFWA) last issued its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.07). Heritage Financial had a net margin of 25.83% and a return on equity of 8.86%. The company had revenue of $58.10 million for the quarter, compared to the consensus estimate of $59.73 million. Equities research analysts expect that Heritage Financial Corp will post 1.88 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 22nd. Investors of record on Thursday, August 8th will be given a dividend of $0.19 per share. The ex-dividend date is Wednesday, August 7th. This represents a $0.76 dividend on an annualized basis and a yield of 2.70%. This is an increase from Heritage Financial’s previous quarterly dividend of $0.18. Heritage Financial’s dividend payout ratio (DPR) is presently 40.91%.

Several brokerages have recently commented on HFWA. ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Sandler O’Neill lowered Heritage Financial from a “buy” rating to a “hold” rating and cut their price target for the company from $34.00 to $32.00 in a research note on Friday, April 26th. Janney Montgomery Scott lowered Heritage Financial from a “buy” rating to a “neutral” rating in a research note on Friday. BidaskClub lowered Xencor from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 11th. Finally, Zacks Investment Research lowered Eisai from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. Heritage Financial currently has an average rating of “Hold” and an average price target of $34.00.

In related news, Director Lisa Banner sold 976 shares of the firm’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $29.25, for a total transaction of $28,548.00. Following the sale, the director now owns 731 shares of the company’s stock, valued at $21,381.75. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.60% of the stock is owned by company insiders.

Heritage Financial Company Profile

Heritage Financial Corporation operates as the bank holding company for Heritage Bank that provides various financial services to businesses and individuals in the United States. The company accepts various deposit products, such as noninterest demand accounts, 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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