WINTON GROUP Ltd Decreases Stock Holdings in Heritage Financial Corp (NASDAQ:HFWA)

WINTON GROUP Ltd lowered its stake in shares of Heritage Financial Corp (NASDAQ:HFWA) by 49.4% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 10,680 shares of the financial services provider’s stock after selling 10,414 shares during the quarter. WINTON GROUP Ltd’s holdings in Heritage Financial were worth $315,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Clearbridge Investments LLC increased its position in Heritage Financial by 54.9% during the 1st quarter. Clearbridge Investments LLC now owns 1,907 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 676 shares during the period. BNP Paribas Arbitrage SA increased its holdings in shares of Heritage Financial by 69,063.6% in the first quarter. BNP Paribas Arbitrage SA now owns 7,608 shares of the financial services provider’s stock valued at $229,000 after purchasing an additional 7,597 shares during the period. Piedmont Investment Advisors Inc. increased its holdings in shares of Heritage Financial by 6.6% in the first quarter. Piedmont Investment Advisors Inc. now owns 8,482 shares of the financial services provider’s stock valued at $256,000 after purchasing an additional 526 shares during the period. United Services Automobile Association increased its holdings in shares of Heritage Financial by 14.2% in the fourth quarter. United Services Automobile Association now owns 9,481 shares of the financial services provider’s stock valued at $282,000 after purchasing an additional 1,181 shares during the period. Finally, Municipal Employees Retirement System of Michigan acquired a new position in shares of Heritage Financial in the fourth quarter valued at about $285,000. 81.28% of the stock is currently owned by hedge funds and other institutional investors.

Heritage Financial stock traded down $0.32 during midday trading on Friday, hitting $27.16. 159,884 shares of the company were exchanged, compared to its average volume of 128,523. The company has a market cap of $1.05 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 2.20 and a beta of 0.73. Heritage Financial Corp has a fifty-two week low of $26.86 and a fifty-two week high of $37.40. The stock’s fifty day simple moving average is $29.16. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.86 and a quick ratio of 0.86.

Heritage Financial (NASDAQ:HFWA) last posted its earnings results on Thursday, July 25th. The financial services provider reported $0.43 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.07). The company had revenue of $58.10 million for the quarter, compared to analyst estimates of $59.73 million. Heritage Financial had a return on equity of 8.86% and a net margin of 25.83%. Equities research analysts expect that Heritage Financial Corp will post 1.85 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th will be issued a $0.19 dividend. This is a positive change from Heritage Financial’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Wednesday, August 7th. Heritage Financial’s dividend payout ratio (DPR) is presently 40.91%.

In other Heritage Financial news, Director Lisa Banner sold 976 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $29.25, for a total value of $28,548.00. Following the sale, the director now directly owns 731 shares of the company’s stock, valued at $21,381.75. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.60% of the stock is currently owned by company insiders.

HFWA has been the topic of a number of research reports. BidaskClub lowered Heritage Financial from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 11th. Janney Montgomery Scott lowered Heritage Financial from a “buy” rating to a “neutral” rating in a report on Friday, July 26th. Zacks Investment Research raised Heritage Financial from a “sell” rating to a “hold” rating in a report on Wednesday, July 24th. ValuEngine lowered Heritage Financial from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Finally, Sandler O’Neill lowered Heritage Financial from a “buy” rating to a “hold” rating and dropped their target price for the stock from $34.00 to $32.00 in a report on Friday, April 26th. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $34.00.

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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