Somewhat Positive Media Coverage Somewhat Unlikely to Impact Heritage Financial (HFWA) Share Price

Media headlines about Heritage Financial (NASDAQ:HFWA) have trended somewhat positive on Monday, according to Accern Sentiment. Accern rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Heritage Financial earned a news impact score of 0.11 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 47.3209663719299 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Heritage Financial stock opened at $30.65 on Monday. Heritage Financial has a fifty-two week low of $23.00 and a fifty-two week high of $33.25. The stock has a market cap of $1,042.51, a P/E ratio of 20.71, a PEG ratio of 1.72 and a beta of 0.49. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.84 and a current ratio of 0.84.

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Heritage Financial (NASDAQ:HFWA) last released its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.06. Heritage Financial had a net margin of 21.16% and a return on equity of 8.86%. The business had revenue of $46.22 million for the quarter, compared to analysts’ expectations of $43.74 million. research analysts anticipate that Heritage Financial will post 1.78 earnings per share for the current year.

A number of research analysts have recently issued reports on the stock. BidaskClub upgraded shares of Heritage Financial from a “hold” rating to a “buy” rating in a report on Saturday. Keefe, Bruyette & Woods upgraded shares of Heritage Financial from a “market perform” rating to an “outperform” rating in a report on Monday, March 12th. Zacks Investment Research cut shares of Heritage Financial from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. ValuEngine upgraded shares of Heritage Financial from a “hold” rating to a “buy” rating in a report on Saturday, February 17th. Finally, Sandler O’Neill reiterated a “buy” rating and set a $36.00 price objective on shares of Heritage Financial in a report on Friday, January 26th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $34.60.

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About Heritage Financial

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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