Keybank National Association OH Has $1.22 Million Position in Heritage Financial Co. (NASDAQ:HFWA)

Keybank National Association OH boosted its stake in shares of Heritage Financial Co. (NASDAQ:HFWA) by 5.2% in the fourth quarter, Holdings Channel reports. The firm owned 49,841 shares of the financial services provider’s stock after acquiring an additional 2,477 shares during the period. Keybank National Association OH’s holdings in Heritage Financial were worth $1,221,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. boosted its position in Heritage Financial by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,249,905 shares of the financial services provider’s stock worth $30,623,000 after purchasing an additional 8,731 shares during the period. Proficio Capital Partners LLC bought a new stake in Heritage Financial during the fourth quarter worth approximately $280,000. Mengis Capital Management Inc. boosted its position in Heritage Financial by 98.3% during the fourth quarter. Mengis Capital Management Inc. now owns 20,311 shares of the financial services provider’s stock worth $498,000 after purchasing an additional 10,068 shares during the period. Ieq Capital LLC bought a new stake in Heritage Financial during the fourth quarter worth approximately $274,000. Finally, Principal Financial Group Inc. boosted its position in Heritage Financial by 3.1% during the fourth quarter. Principal Financial Group Inc. now owns 189,719 shares of the financial services provider’s stock worth $4,648,000 after purchasing an additional 5,751 shares during the period. Institutional investors own 78.30% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised Heritage Financial from a “sell” rating to a “hold” rating in a research report on Monday, January 27th.

Insider Activity

In related news, Director Frederick B. Rivera sold 4,000 shares of the firm’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $25.43, for a total value of $101,720.00. Following the completion of the transaction, the director now directly owns 3,844 shares of the company’s stock, valued at $97,752.92. This trade represents a 50.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is owned by company insiders.

Heritage Financial Stock Down 0.4 %

HFWA opened at $23.91 on Friday. 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 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $812.72 million, a price-to-earnings ratio of 19.28 and a beta of 0.53. The business has a 50 day moving average of $24.57 and a 200-day moving average of $23.93.

Heritage Financial (NASDAQ:HFWA) last posted its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.06. Heritage Financial had a return on equity of 7.17% and a net margin of 13.64%. As a group, sell-side analysts anticipate that Heritage Financial Co. will post 2.09 earnings per share for the current year.

Heritage Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 4.02%. This is a boost from Heritage Financial’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Thursday, February 6th. Heritage Financial’s dividend payout ratio is currently 77.42%.

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.