Kiley Juergens Wealth Management LLC Sells 55,440 Shares of Heritage Financial Corporation $HFWA

Kiley Juergens Wealth Management LLC decreased its holdings in Heritage Financial Corporation (NASDAQ:HFWA) by 23.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 177,417 shares of the financial services provider’s stock after selling 55,440 shares during the quarter. Heritage Financial accounts for approximately 0.9% of Kiley Juergens Wealth Management LLC’s holdings, making the stock its 23rd biggest holding. Kiley Juergens Wealth Management LLC owned 0.52% of Heritage Financial worth $4,292,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jennison Associates LLC increased its stake in Heritage Financial by 8.2% in the second quarter. Jennison Associates LLC now owns 2,977,315 shares of the financial services provider’s stock valued at $70,979,000 after acquiring an additional 225,201 shares during the period. Jane Street Group LLC boosted its holdings in Heritage Financial by 437.3% during the first quarter. Jane Street Group LLC now owns 107,482 shares of the financial services provider’s stock valued at $2,615,000 after purchasing an additional 87,479 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Heritage Financial by 13.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 504,509 shares of the financial services provider’s stock valued at $12,027,000 after purchasing an additional 59,633 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in shares of Heritage Financial in the 2nd quarter worth approximately $750,000. Finally, Deprince Race & Zollo Inc. raised its holdings in shares of Heritage Financial by 61.0% in the 3rd quarter. Deprince Race & Zollo Inc. now owns 70,514 shares of the financial services provider’s stock worth $1,706,000 after buying an additional 26,727 shares in the last quarter. 78.30% of the stock is owned by institutional investors.

Heritage Financial Stock Up 0.2%

Shares of NASDAQ HFWA opened at $23.70 on Monday. Heritage Financial Corporation has a 12-month low of $19.84 and a 12-month high of $26.92. The firm’s 50-day simple moving average is $23.66 and its 200 day simple moving average is $23.88. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.18. The company has a market cap of $804.85 million, a price-to-earnings ratio of 14.36 and a beta of 0.52.

Heritage Financial (NASDAQ:HFWA) last posted its quarterly earnings data on Thursday, October 23rd. The financial services provider reported $0.56 earnings per share for the quarter, hitting the consensus estimate of $0.56. Heritage Financial had a net margin of 17.27% and a return on equity of 8.21%. The firm had revenue of $65.70 million during the quarter, compared to analysts’ expectations of $65.25 million. On average, research analysts expect that Heritage Financial Corporation will post 2.09 earnings per share for the current fiscal year.

Heritage Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 19th. Stockholders of record on Wednesday, November 5th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Wednesday, November 5th. Heritage Financial’s dividend payout ratio is 58.18%.

Analyst Ratings Changes

A number of brokerages have weighed in on HFWA. Wall Street Zen upgraded Heritage Financial from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Keefe, Bruyette & Woods boosted their target price on shares of Heritage Financial from $26.00 to $28.00 and gave the company a “market perform” rating in a research note on Monday, September 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Heritage Financial in a research report on Wednesday, October 8th. Zacks Research downgraded shares of Heritage Financial from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 25th. Finally, DA Davidson set a $29.00 price objective on shares of Heritage Financial in a research note on Monday, September 29th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $29.33.

Insider Transactions at Heritage Financial

In other news, President Bryan Mcdonald acquired 19,106 shares of the stock in a transaction that occurred on Thursday, November 20th. The stock was purchased at an average cost of $22.32 per share, for a total transaction of $426,445.92. Following the completion of the transaction, the president directly owned 31,363 shares in the company, valued at $700,022.16. This trade represents a 155.88% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.90% of the stock is currently owned by corporate insiders.

About Heritage Financial

Heritage Financial Corporation (NASDAQ:HFWA) is a bank holding company headquartered in Spokane, Washington. Through its primary subsidiary, Heritage Bank, the company provides a comprehensive range of banking and financial services to both individual and commercial clients. Heritage Bank’s offerings encompass deposit products, lending solutions, treasury and cash management services, mortgage banking, and wealth management, positioning the organization as a full-service community bank.

The company’s lending portfolio includes commercial real estate loans, agricultural loans, small business administration (SBA) loans, construction and development financing, and a variety of consumer mortgage products.