Heritage Financial (NASDAQ:HFWA – Get Free Report) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.
Separately, TheStreet raised shares of Heritage Financial from a “c+” rating to a “b-” rating in a research note on Tuesday, December 12th.
Heritage Financial Stock Up 0.7 %
Shares of HFWA opened at $20.30 on Thursday. The stock has a market cap of $708.47 million, a price-to-earnings ratio of 9.19 and a beta of 0.57. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.58. Heritage Financial has a 12 month low of $14.85 and a 12 month high of $30.08. The company has a 50-day moving average price of $19.65 and a two-hundred day moving average price of $18.05.
Heritage Financial (NASDAQ:HFWA – Get Free Report) last issued its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.07. The business had revenue of $61.89 million during the quarter, compared to analyst estimates of $62.03 million. Heritage Financial had a net margin of 25.63% and a return on equity of 9.59%. Equities analysts predict that Heritage Financial will post 2.02 EPS for the current fiscal year.
Hedge Funds Weigh In On Heritage Financial
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio boosted its position in shares of Heritage Financial by 2.1% during the third quarter. Public Employees Retirement System of Ohio now owns 18,349 shares of the financial services provider’s stock worth $486,000 after purchasing an additional 385 shares in the last quarter. ExodusPoint Capital Management LP grew its holdings in shares of Heritage Financial by 1.6% during the second quarter. ExodusPoint Capital Management LP now owns 29,042 shares of the financial services provider’s stock worth $731,000 after buying an additional 457 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Heritage Financial by 5.7% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 11,423 shares of the financial services provider’s stock worth $184,000 after buying an additional 616 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Heritage Financial by 4.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,022 shares of the financial services provider’s stock worth $365,000 after buying an additional 668 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Heritage Financial by 34.4% during the first quarter. Tower Research Capital LLC TRC now owns 2,749 shares of the financial services provider’s stock worth $59,000 after buying an additional 703 shares in the last quarter. 78.42% of the stock is owned by institutional investors.
Heritage Financial Company 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. The company 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.