Vanguard Group Inc. Cuts Holdings in Heritage Financial Corp (NASDAQ:HFWA)

Vanguard Group Inc. trimmed its holdings in shares of Heritage Financial Corp (NASDAQ:HFWA) by 0.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,140,623 shares of the financial services provider’s stock after selling 8,563 shares during the period. Vanguard Group Inc. owned approximately 5.80% of Heritage Financial worth $63,234,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Nisa Investment Advisors LLC boosted its stake in Heritage Financial by 119.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,205 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 655 shares during the last quarter. Clearbridge Investments LLC boosted its stake in Heritage Financial by 54.9% during the 1st quarter. Clearbridge Investments LLC now owns 1,907 shares of the financial services provider’s stock valued at $57,000 after purchasing an additional 676 shares during the last quarter. Capital Fund Management S.A. purchased a new stake in Heritage Financial during the 2nd quarter valued at $219,000. ETRADE Capital Management LLC boosted its stake in Heritage Financial by 21.6% during the 2nd quarter. ETRADE Capital Management LLC now owns 16,759 shares of the financial services provider’s stock valued at $495,000 after purchasing an additional 2,972 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its stake in Heritage Financial by 167.4% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 26,020 shares of the financial services provider’s stock valued at $768,000 after purchasing an additional 16,290 shares during the last quarter. Institutional investors and hedge funds own 80.63% of the company’s stock.

HFWA has been the topic of several recent analyst reports. Janney Montgomery Scott downgraded Heritage Financial from a “buy” rating to a “neutral” rating in a research note on Friday, July 26th. Zacks Investment Research downgraded Heritage Financial from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, ValuEngine upgraded Heritage Financial from a “sell” rating to a “hold” rating in a research note on Monday, August 12th. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Heritage Financial currently has an average rating of “Hold” and an average target price of $34.00.

NASDAQ HFWA opened at $26.39 on Friday. The business’s fifty day moving average price is $26.58 and its 200-day moving average price is $28.75. The stock has a market capitalization of $954.51 million, a price-to-earnings ratio of 14.06, a PEG ratio of 2.03 and a beta of 0.74. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.86 and a quick ratio of 0.86. Heritage Financial Corp has a 1-year low of $25.24 and a 1-year high of $35.63.

Heritage Financial (NASDAQ:HFWA) last released its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.07). The firm had revenue of $58.10 million for the quarter, compared to the consensus estimate of $59.73 million. Heritage Financial had a net margin of 25.83% and a return on equity of 8.86%. Equities research analysts anticipate that Heritage Financial Corp will post 1.82 EPS for the current year.

In other news, Director Brian L. Vance sold 2,274 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $26.82, for a total transaction of $60,988.68. Following the transaction, the director now directly owns 98,737 shares of the company’s stock, valued at approximately $2,648,126.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Bryan Mcdonald sold 4,000 shares of the stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $26.67, for a total value of $106,680.00. Following the transaction, the chief operating officer now directly owns 11,119 shares in the company, valued at $296,543.73. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.

Heritage Financial 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.

Featured Story: Understanding the different types of bonds

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

Receive News & Ratings for Heritage Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heritage Financial and related companies with MarketBeat.com's FREE daily email newsletter.