Heritage Financial Corp (NASDAQ:HFWA) Shares Bought by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can raised its holdings in Heritage Financial Corp (NASDAQ:HFWA) by 6.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,500 shares of the financial services provider’s stock after purchasing an additional 2,632 shares during the period. Great West Life Assurance Co. Can owned 0.12% of Heritage Financial worth $1,221,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. D.A. Davidson & CO. increased its position in shares of Heritage Financial by 3.5% in the fourth quarter. D.A. Davidson & CO. now owns 13,287 shares of the financial services provider’s stock worth $395,000 after acquiring an additional 454 shares in the last quarter. Bank of Montreal Can boosted its stake in Heritage Financial by 6.8% during the 4th quarter. Bank of Montreal Can now owns 9,515 shares of the financial services provider’s stock valued at $282,000 after acquiring an additional 608 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in Heritage Financial by 7.5% during the 4th quarter. State of Alaska Department of Revenue now owns 11,089 shares of the financial services provider’s stock valued at $329,000 after acquiring an additional 769 shares during the last quarter. Texas Permanent School Fund boosted its stake in Heritage Financial by 4.0% during the 4th quarter. Texas Permanent School Fund now owns 21,716 shares of the financial services provider’s stock valued at $645,000 after acquiring an additional 838 shares during the last quarter. Finally, Quantamental Technologies LLC bought a new position in Heritage Financial during the 4th quarter valued at $30,000. 81.87% of the stock is currently owned by institutional investors.

A number of research analysts have recently issued reports on HFWA shares. Zacks Investment Research downgraded shares of Heritage Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, March 5th. BidaskClub downgraded shares of Heritage Financial from a “sell” rating to a “strong sell” rating in a research report on Friday, March 22nd. Finally, Stephens reiterated a “hold” rating and issued a $36.00 price objective on shares of Heritage Financial in a research report on Thursday, March 21st. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. Heritage Financial currently has a consensus rating of “Hold” and an average target price of $35.00.

In related news, Director Brian L. Vance sold 13,621 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $31.53, for a total transaction of $429,470.13. Following the completion of the sale, the director now directly owns 115,630 shares of the company’s stock, valued at approximately $3,645,813.90. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Donald Hinson sold 3,268 shares of the company’s stock in a transaction on Wednesday, February 6th. The stock was sold at an average price of $31.60, for a total transaction of $103,268.80. Following the sale, the chief financial officer now directly owns 30,625 shares of the company’s stock, valued at $967,750. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,600 shares of company stock valued at $555,221. 1.60% of the stock is owned by insiders.

HFWA stock traded down $0.60 during trading hours on Friday, hitting $30.89. The company’s stock had a trading volume of 76,770 shares, compared to its average volume of 110,399. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 17.55, a P/E/G ratio of 2.12 and a beta of 0.71. Heritage Financial Corp has a 12 month low of $27.98 and a 12 month high of $37.40.

Heritage Financial (NASDAQ:HFWA) last posted its earnings results on Thursday, January 24th. The financial services provider reported $0.47 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.03). The business had revenue of $59.73 million during the quarter, compared to the consensus estimate of $59.40 million. Heritage Financial had a return on equity of 8.82% and a net margin of 22.94%. On average, research analysts expect that Heritage Financial Corp will post 2.08 EPS for the current fiscal year.

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Heritage Financial Company 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.

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

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