Heritage Financial Co. (NASDAQ:HFWA – Get Rating) Executive Vice President Cindy M. Huntley sold 1,193 shares in a trade on Friday, November 4. The stock was sold at an average price of $32.61, for a total value of $38,903.73. Following the transaction, the executive vice president now directly owns 19,815 shares of the company, valued at approximately $646,167.15. The transaction was disclosed in a filing with the SEC, which is available at this link.

Heritage Financial shares up 3.1%

The NASDAQ HFWA traded at $1.01 during Friday’s trading, hitting $33.38. The company’s stock had a trading volume of 6,757 shares, compared to an average volume of 250,658. Heritage Financial Co. has a fifty-two week low of $20.95 and a fifty-two week high of 33 $.79. The company has a market capitalization of $1.17 billion, a PE ratio of 14.58 and a beta of 0.64. The company has a debt ratio of 0.03, a current ratio of 0.68 and a quick ratio of 0.75. The company’s 50-day simple moving average is $28.49 and its 200-day simple moving average is $26.53.

Heritage Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 16. Investors of record on Wednesday, November 2 will receive a dividend of $0.21 per share. This represents an annualized dividend of $0.84 and a yield of 2.52%. The ex-dividend date is Tuesday, November 1. Heritage Financial’s dividend payout ratio is currently 37.84%.

Wall Street analysts predict growth

HFWA has been the subject of a number of recent research reports. Piper Sandler raised her price target on Heritage Financial to $38.00 in a research report on Tuesday. StockNews.com launched coverage on Heritage Financial in a research report on Wednesday, October 12. They set a “hold” rating on the stock. Finally, DA Davidson raised his price target on Heritage Financial to $35.00 in a Thursday, October 27 research report.

Institutional Negotiation of Heritage Financial

Several institutional investors have recently bought and sold shares of HFWA. Bailard Inc. acquired a new stake in Heritage Financial in the first quarter worth $405,000. Martin & Co. Inc. TN increased its position in Heritage Financial by 2.0% in the first quarter. Martin & Co. Inc. TN now owns 83,319 shares of the financial services provider valued at $2,088,000 after purchasing an additional 1,624 shares during the period. Victory Capital Management Inc. increased its position in Heritage Financial by 19.2% in the first quarter. Victory Capital Management Inc. now owns 1,231,573 shares of the financial services provider valued at $30,495,000 after purchasing an additional 198,094 shares during the period. Ziegler Capital Management LLC increased its position in Heritage Financial by 11.9% in the first quarter. Ziegler Capital Management LLC now owns 53,695 shares of the financial services provider valued at $1,346,000 after purchasing an additional 5,713 shares during the period. Finally, Russell Investments Group Ltd. increased its position in Heritage Financial by 2.3% in the first quarter. Russell Investments Group Ltd. now owns 20,361 shares of the financial services provider valued at $509,000 after purchasing an additional 454 shares during the period. 78.62% of the shares are held by institutional investors and hedge funds.

About Heritage Financial

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Heritage Financial Corporation operates as a bank holding company for Heritage Bank which provides various financial services to small and medium businesses and individuals in the United States. The Company accepts various deposit products, such as interest-free demand deposits, interest-bearing demand deposits, money market accounts, savings accounts, personal checking accounts and certificates of deposit.

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