Paloma Partners Management Co Takes Position in Heritage Financial Corp (NASDAQ:HFWA)

Paloma Partners Management Co acquired a new position in Heritage Financial Corp (NASDAQ:HFWA) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,907 shares of the financial services provider’s stock, valued at approximately $206,000.

Several other hedge funds also recently modified their holdings of HFWA. BlackRock Inc. grew its position in shares of Heritage Financial by 1.7% in the 4th quarter. BlackRock Inc. now owns 5,227,934 shares of the financial services provider’s stock valued at $155,374,000 after buying an additional 86,549 shares during the last quarter. Vanguard Group Inc. grew its position in Heritage Financial by 4.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,896,237 shares of the financial services provider’s stock worth $66,652,000 after purchasing an additional 86,143 shares during the last quarter. Vanguard Group Inc grew its position in Heritage Financial by 4.8% during the 3rd quarter. Vanguard Group Inc now owns 1,896,237 shares of the financial services provider’s stock worth $66,652,000 after purchasing an additional 86,143 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Heritage Financial by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,728,242 shares of the financial services provider’s stock worth $51,364,000 after purchasing an additional 23,241 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in Heritage Financial by 4.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 837,848 shares of the financial services provider’s stock worth $29,451,000 after purchasing an additional 36,948 shares during the last quarter. Hedge funds and other institutional investors own 81.87% of the company’s stock.

HFWA stock opened at $31.56 on Monday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.03. Heritage Financial Corp has a one year low of $27.98 and a one year high of $37.40. The firm has a market capitalization of $1.15 billion, a PE ratio of 17.93, a PEG ratio of 2.14 and a beta of 0.71.

Heritage Financial (NASDAQ:HFWA) last announced its quarterly earnings data 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). Heritage Financial had a net margin of 22.94% and a return on equity of 8.82%. The company had revenue of $59.73 million during the quarter, compared to analyst estimates of $59.40 million. As a group, research analysts expect that Heritage Financial Corp will post 2.08 EPS for the current year.

HFWA has been the topic of several research reports. Stephens initiated coverage on shares of Heritage Financial in a research report on Wednesday, March 6th. They set an “equal weight” rating and a $36.00 price objective on the stock. BidaskClub upgraded shares of Heritage Financial from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 30th. Finally, Zacks Investment Research upgraded shares of Heritage Financial from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research note on Wednesday, March 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $35.00.

In other Heritage Financial news, Director Brian L. Vance sold 13,621 shares of Heritage Financial stock in a transaction dated 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 transaction, the director now owns 115,630 shares in the company, valued at $3,645,813.90. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Donald Hinson sold 3,268 shares of Heritage Financial stock in a transaction dated Wednesday, February 6th. The stock was sold at an average price of $31.60, for a total transaction of $103,268.80. Following the transaction, the chief financial officer now owns 30,625 shares of the company’s stock, valued at approximately $967,750. The disclosure for this sale can be found here. Insiders sold 17,600 shares of company stock valued at $555,221 in the last quarter. Company insiders own 1.60% of the company’s stock.

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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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