Jane Street Group LLC Purchases 20,792 Shares of Heritage Financial Co. (NASDAQ:HFWA)

Jane Street Group LLC boosted its holdings in Heritage Financial Co. (NASDAQ:HFWA) by 46.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,088 shares of the financial services provider’s stock after buying an additional 20,792 shares during the period. Jane Street Group LLC owned approximately 0.19% of Heritage Financial worth $1,417,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in HFWA. Dimensional Fund Advisors LP lifted its stake in Heritage Financial by 4.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,934,852 shares of the financial services provider’s stock worth $34,884,000 after purchasing an additional 80,044 shares in the last quarter. Jennison Associates LLC boosted its stake in Heritage Financial by 71.4% in the third quarter. Jennison Associates LLC now owns 1,741,058 shares of the financial services provider’s stock worth $37,903,000 after buying an additional 725,257 shares in the last quarter. GAMMA Investing LLC raised its position in Heritage Financial by 43.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,975 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 601 shares during the period. Nwam LLC bought a new stake in Heritage Financial in the third quarter worth $1,194,000. Finally, Innealta Capital LLC purchased a new stake in Heritage Financial during the second quarter valued at about $27,000. Institutional investors own 78.30% of the company’s stock.

Heritage Financial Stock Down 0.5 %

Shares of NASDAQ HFWA opened at $24.31 on Friday. 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 Co. has a 12 month low of $16.55 and a 12 month high of $27.58. The firm has a fifty day simple moving average of $25.08 and a two-hundred day simple moving average of $22.23. The firm has a market capitalization of $830.28 million, a PE ratio of 22.51 and a beta of 0.55.

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

Heritage Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th were paid a dividend of $0.23 per share. The ex-dividend date was Wednesday, November 6th. This represents a $0.92 annualized dividend and a yield of 3.78%. Heritage Financial’s dividend payout ratio is 85.19%.

Insiders Place Their Bets

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 value of $78,837.50. Following the completion of the sale, the executive vice president now owns 20,119 shares of the company’s stock, valued at approximately $533,153.50. The trade was a 12.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.68% of the company’s stock.

Analysts Set New Price Targets

HFWA has been the topic of several analyst reports. Stephens lifted their price objective on Heritage Financial from $24.00 to $26.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. Piper Sandler raised their target price 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 stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $25.00.

About Heritage Financial

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.