Y Intercept Hong Kong Ltd Has $782,000 Position in Heritage Financial Co. (NASDAQ:HFWA)

Y Intercept Hong Kong Ltd grew its holdings in Heritage Financial Co. (NASDAQ:HFWA) by 73.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,933 shares of the financial services provider’s stock after purchasing an additional 15,259 shares during the quarter. Y Intercept Hong Kong Ltd owned about 0.11% of Heritage Financial worth $782,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. CWM LLC increased its holdings in Heritage Financial by 17.1% in the third quarter. CWM LLC now owns 3,297 shares of the financial services provider’s stock worth $72,000 after purchasing an additional 481 shares in the last quarter. New York State Teachers Retirement System increased its stake in shares of Heritage Financial by 9.4% in the 3rd quarter. New York State Teachers Retirement System now owns 5,796 shares of the financial services provider’s stock valued at $126,000 after acquiring an additional 500 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Heritage Financial by 43.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,975 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 601 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in Heritage Financial during the second quarter worth $25,000. Finally, Innealta Capital LLC bought a new position in Heritage Financial during the second quarter worth $27,000. Institutional investors own 78.30% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on HFWA shares. Stephens upped their price objective on shares of Heritage Financial from $24.00 to $26.00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. Piper Sandler upped their price target on Heritage Financial from $27.00 to $28.00 and gave the stock an “overweight” rating in a research note on Monday, October 28th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Heritage Financial currently has an average rating of “Hold” and an average price target of $25.00.

Insider Transactions at Heritage Financial

In other Heritage Financial news, EVP Tony Chalfant sold 2,975 shares of Heritage Financial stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $26.50, for a total transaction of $78,837.50. Following the transaction, the executive vice president now owns 20,119 shares of the company’s stock, valued at $533,153.50. This trade represents a 12.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.80% of the company’s stock.

Heritage Financial Stock Performance

HFWA opened at $26.17 on Friday. The company has a market cap of $893.81 million, a price-to-earnings ratio of 24.23 and a beta of 0.55. The company’s fifty day moving average price is $24.54 and its two-hundred day moving average price is $21.74. Heritage Financial Co. has a 1-year low of $16.55 and a 1-year high of $27.58. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.46.

Heritage Financial (NASDAQ:HFWA) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.09). Heritage Financial had a return on equity of 7.01% and a net margin of 12.27%. The company had revenue of $81.65 million for the quarter, compared to the consensus estimate of $58.17 million. During the same period in the prior year, the firm posted $0.51 earnings per share. On average, analysts expect that Heritage Financial Co. will post 1.65 EPS for the current fiscal year.

Heritage Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date of this dividend was Wednesday, November 6th. Heritage Financial’s dividend payout ratio is 85.19%.

Heritage Financial Profile

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