Context BH Capital Management LP Sells 99 Shares of Heritage Financial Corporation (HFWA)

Context BH Capital Management LP reduced its stake in Heritage Financial Corporation (NASDAQ:HFWA) by 0.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 188,483 shares of the financial services provider’s stock after selling 99 shares during the period. Heritage Financial Corporation makes up 1.7% of Context BH Capital Management LP’s portfolio, making the stock its 18th biggest position. Context BH Capital Management LP owned approximately 0.63% of Heritage Financial Corporation worth $4,995,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HFWA. Mendon Capital Advisors Corp purchased a new stake in shares of Heritage Financial Corporation in the first quarter worth $11,270,000. JPMorgan Chase & Co. grew its stake in shares of Heritage Financial Corporation by 345.5% in the first quarter. JPMorgan Chase & Co. now owns 477,322 shares of the financial services provider’s stock worth $11,814,000 after acquiring an additional 370,180 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Heritage Financial Corporation by 135.9% in the second quarter. Bank of New York Mellon Corp now owns 463,253 shares of the financial services provider’s stock worth $12,276,000 after acquiring an additional 266,882 shares during the last quarter. RMB Capital Management LLC purchased a new stake in shares of Heritage Financial Corporation in the first quarter worth $6,262,000. Finally, Northpointe Capital LLC grew its stake in shares of Heritage Financial Corporation by 446.5% in the second quarter. Northpointe Capital LLC now owns 283,719 shares of the financial services provider’s stock worth $7,519,000 after acquiring an additional 231,804 shares during the last quarter. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

Heritage Financial Corporation (NASDAQ:HFWA) traded up 0.18% during midday trading on Monday, hitting $27.20. The stock had a trading volume of 7,975 shares. The company’s 50 day moving average price is $26.62 and its 200-day moving average price is $25.48. The stock has a market cap of $810.02 million, a PE ratio of 19.43 and a beta of 0.49. Heritage Financial Corporation has a 52-week low of $17.66 and a 52-week high of $27.70.

Heritage Financial Corporation (NASDAQ:HFWA) last released its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.07. The firm had revenue of $44.84 million during the quarter, compared to analyst estimates of $41.59 million. Heritage Financial Corporation had a return on equity of 8.56% and a net margin of 23.81%. Analysts forecast that Heritage Financial Corporation will post $1.42 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 24th. Stockholders of record on Thursday, August 10th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend was Tuesday, August 8th. Heritage Financial Corporation’s payout ratio is 37.14%.

A number of equities research analysts have recently commented on HFWA shares. BidaskClub cut Heritage Financial Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Piper Jaffray Companies reissued a “hold” rating and issued a $25.00 target price on shares of Heritage Financial Corporation in a research note on Wednesday, July 12th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $27.00 target price on shares of Heritage Financial Corporation in a research note on Friday, June 2nd. ValuEngine raised Heritage Financial Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Zacks Investment Research raised Heritage Financial Corporation from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research note on Friday, July 28th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Heritage Financial Corporation currently has a consensus rating of “Hold” and an average target price of $28.67.

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In other news, Director John A. Clees sold 2,000 shares of the business’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $27.28, for a total value of $54,560.00. Following the completion of the transaction, the director now directly owns 49,042 shares of the company’s stock, valued at approximately $1,337,865.76. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 2.70% of the company’s stock.

Heritage Financial Corporation Company Profile

Heritage Financial Corporation is a bank holding company. The Company is engaged in the business of planning, directing and coordinating the business activities of its bank subsidiary, Heritage Bank (the Bank). The Bank’s lending activities focus on commercial business lending. The Bank also originates consumer loans, real estate construction and land development loans, and one- to four-family residential loans.

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

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