Press coverage about Heritage Financial (NASDAQ:HFWA) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Heritage Financial earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 46.0375976327694 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
HFWA has been the subject of several recent analyst reports. DA Davidson lifted their price objective on shares of Heritage Financial from $35.00 to $36.00 and gave the stock a “buy” rating in a research note on Tuesday, November 7th. Sandler O’Neill reaffirmed a “buy” rating and set a $35.50 price objective on shares of Heritage Financial in a research note on Friday, January 19th. Zacks Investment Research raised shares of Heritage Financial from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research note on Monday, October 30th. BidaskClub lowered shares of Heritage Financial from a “buy” rating to a “hold” rating in a research note on Saturday, December 16th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $33.00 price objective on shares of Heritage Financial in a research note on Friday, December 22nd. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $34.60.
Heritage Financial (NASDAQ HFWA) opened at $30.20 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market cap of $1,007.63, a price-to-earnings ratio of 23.59, a price-to-earnings-growth ratio of 1.64 and a beta of 0.50. Heritage Financial has a one year low of $22.50 and a one year high of $33.25.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 21st. Stockholders of record on Wednesday, February 7th will be paid a dividend of $0.15 per share. This is a positive change from Heritage Financial’s previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date is Tuesday, February 6th. Heritage Financial’s payout ratio is currently 46.88%.
In other news, Director John A. Clees sold 1,000 shares of the business’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $31.07, for a total transaction of $31,070.00. Following the completion of the sale, the director now directly owns 46,042 shares of the company’s stock, valued at $1,430,524.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Brian Charneski sold 2,000 shares of the business’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $31.78, for a total transaction of $63,560.00. Following the sale, the director now directly owns 29,602 shares of the company’s stock, valued at $940,751.56. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by insiders.
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About Heritage Financial
Heritage Financial Corporation is a bank holding company. The Company is engaged in the business of planning, directing and coordinating the business activities of its bank subsidiary, Heritage Bank (the Bank). The Bank’s lending activities focus on commercial business lending. The Bank also originates consumer loans, real estate construction and land development loans, and one- to four-family residential loans.
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