Brokerages expect Heritage Financial Corporation (NASDAQ:HFWA) to post earnings per share of $0.36 for the current quarter, according to Zacks. Three analysts have provided estimates for Heritage Financial’s earnings. The highest EPS estimate is $0.37 and the lowest is $0.35. Heritage Financial reported earnings per share of $0.33 during the same quarter last year, which suggests a positive year over year growth rate of 9.1%. The firm is expected to announce its next quarterly earnings results on Thursday, January 25th.
According to Zacks, analysts expect that Heritage Financial will report full year earnings of $1.42 per share for the current fiscal year, with EPS estimates ranging from $1.40 to $1.44. For the next year, analysts expect that the firm will report earnings of $1.55 per share, with EPS estimates ranging from $1.49 to $1.58. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Heritage Financial.
Heritage Financial (NASDAQ:HFWA) last posted its earnings results on Thursday, October 26th. The financial services provider reported $0.35 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.35. The company had revenue of $43.39 million for the quarter, compared to analyst estimates of $42.85 million. Heritage Financial had a return on equity of 8.42% and a net margin of 23.48%.
Heritage Financial (HFWA) traded down $0.55 during trading on Wednesday, hitting $31.95. The stock had a trading volume of 134,400 shares, compared to its average volume of 131,877. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $972.70, a price-to-earnings ratio of 23.55, a PEG ratio of 2.29 and a beta of 0.47. Heritage Financial has a twelve month low of $22.50 and a twelve month high of $33.25.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Wednesday, November 8th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend was Tuesday, November 7th. Heritage Financial’s dividend payout ratio (DPR) is presently 37.68%.
In related news, Director Brian L. Vance sold 5,636 shares of Heritage Financial stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $30.76, for a total transaction of $173,363.36. Following the sale, the director now directly owns 142,011 shares of the company’s stock, valued at $4,368,258.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director John A. Clees sold 1,000 shares of Heritage Financial stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $31.07, for a total value of $31,070.00. Following the sale, the director now directly owns 46,042 shares in the company, valued at $1,430,524.94. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,636 shares of company stock worth $604,023. 2.70% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. Teachers Advisors LLC boosted its holdings in Heritage Financial by 5.4% during the first quarter. Teachers Advisors LLC now owns 103,042 shares of the financial services provider’s stock valued at $2,550,000 after purchasing an additional 5,277 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Heritage Financial by 6.1% during the first quarter. Vanguard Group Inc. now owns 1,215,131 shares of the financial services provider’s stock valued at $30,074,000 after purchasing an additional 69,982 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Heritage Financial by 5.3% during the first quarter. Geode Capital Management LLC now owns 256,354 shares of the financial services provider’s stock valued at $6,344,000 after purchasing an additional 12,988 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in Heritage Financial by 5.3% during the first quarter. Schwab Charles Investment Management Inc. now owns 101,730 shares of the financial services provider’s stock valued at $2,518,000 after purchasing an additional 5,130 shares in the last quarter. Finally, Aperio Group LLC acquired a new stake in Heritage Financial during the second quarter valued at approximately $217,000. 78.15% of the stock is currently owned by institutional investors and hedge funds.
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Heritage Financial 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.
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