Heritage Financial Corporation (HFWA) To Go Ex-Dividend on May 6th

Heritage Financial Corporation (NASDAQ:HFWA) declared a quarterly dividend on Wednesday, April 22nd. Shareholders of record on Wednesday, May 6th will be given a dividend of 0.24 per share by the financial services provider on Wednesday, May 20th. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Wednesday, May 6th.

Heritage Financial has increased its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 14 years. Heritage Financial has a payout ratio of 42.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Heritage Financial to earn $2.80 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 34.3%.

Heritage Financial Price Performance

NASDAQ:HFWA opened at $27.61 on Monday. The firm has a market cap of $1.14 billion, a PE ratio of 13.53 and a beta of 0.50. Heritage Financial has a 12 month low of $21.32 and a 12 month high of $28.98. The company has a quick ratio of 0.83, a current ratio of 0.81 and a debt-to-equity ratio of 0.04. The company’s 50-day moving average price is $26.38 and its two-hundred day moving average price is $25.18.

Heritage Financial (NASDAQ:HFWA) last released its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. The firm had revenue of $77.92 million for the quarter, compared to analyst estimates of $80.31 million. Heritage Financial had a net margin of 20.50% and a return on equity of 8.71%. On average, equities analysts anticipate that Heritage Financial will post 2.39 EPS for the current fiscal year.

Insider Buying and Selling at Heritage Financial

In other news, Director Frederick B. Rivera sold 1,800 shares of the company’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $26.31, for a total transaction of $47,358.00. Following the transaction, the director owned 4,972 shares of the company’s stock, valued at $130,813.32. This represents a 26.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Tony Chalfant sold 4,668 shares of the company’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $27.65, for a total value of $129,070.20. Following the transaction, the executive vice president directly owned 19,870 shares in the company, valued at $549,405.50. This trade represents a 19.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.49% of the company’s stock.

Hedge Funds Weigh In On Heritage Financial

Several large investors have recently bought and sold shares of the business. CWM LLC lifted its holdings in Heritage Financial by 7.7% in the fourth quarter. CWM LLC now owns 8,249 shares of the financial services provider’s stock valued at $195,000 after buying an additional 592 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Heritage Financial by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,060 shares of the financial services provider’s stock valued at $488,000 after buying an additional 881 shares during the period. GAMMA Investing LLC lifted its holdings in Heritage Financial by 20.8% in the fourth quarter. GAMMA Investing LLC now owns 5,171 shares of the financial services provider’s stock valued at $122,000 after buying an additional 891 shares during the period. Intech Investment Management LLC lifted its holdings in Heritage Financial by 2.7% in the third quarter. Intech Investment Management LLC now owns 35,891 shares of the financial services provider’s stock valued at $868,000 after buying an additional 960 shares during the period. Finally, Millennium Management LLC lifted its holdings in Heritage Financial by 7.2% in the third quarter. Millennium Management LLC now owns 15,700 shares of the financial services provider’s stock valued at $380,000 after buying an additional 1,052 shares during the period. 78.30% of the stock is currently owned by institutional investors and hedge funds.

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.