Recent changes by hedge funds and institutional investors have affected Heritage Financial. GAMMA Investing LLC grew its stake by 133.7%, now owning 1,374 shares worth about $25,000. Point72 Asia and Innealta Capital each acquired new shares, valued at around $25,000 and $27,000, respectively. Other firms, including Meeder Asset Management, have also invested in Heritage Financial. Overall, institutional investors own 78.30% of the company.
Wall Street Analyst Insights
Analysts have recently rated Heritage Financial positively. Piper Sandler raised its price target from $23 to $26 with an “overweight” rating. Keefe, Bruyette & Woods increased theirs from $20 to $23, giving it a “market perform” rating. Currently, the stock has a consensus rating of “Hold” and an average target price of $23.50.
Heritage Financial Trading Update
On Monday, HFWA opened at $21.13. Its 52-week low is $15.50, and its high is $23.82. The market cap stands at $733 million, with a P/E ratio of 15.89 and a beta of 0.53. In its latest earnings report, Heritage Financial reported $0.45 EPS, exceeding the $0.41 estimate, with revenue of $56.36 million, which was below the $58.27 million expected.
Dividend Announcement
Heritage Financial announced a quarterly dividend of $0.23 per share, paid on August 21st, representing an annual yield of 4.35% and a payout ratio of 69.17%.
About Heritage Financial
Heritage Financial Corporation serves as the bank holding company for Heritage Bank, offering various financial services to small and medium businesses and individuals across the U.S.
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Curious about hedge fund holdings for HFWA? Check HoldingsChannel.com for the latest 13F filings and insider trades for Heritage Financial Co. (NASDAQ:HFWA).
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