Amundi Acquires 11,281 Shares of Heritage Financial Co. (NASDAQ:HFWA)

Amundi increased its position in Heritage Financial Co. (NASDAQ:HFWA) by 199.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,923 shares of the financial services provider’s stock after purchasing an additional 11,281 shares during the quarter. Amundi’s holdings in Heritage Financial were worth $402,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of HFWA. Aspire Capital Advisors LLC bought a new position in shares of Heritage Financial during the 4th quarter worth approximately $215,000. Victory Capital Management Inc. bought a new position in shares of Heritage Financial during the 4th quarter worth approximately $229,000. Ieq Capital LLC bought a new position in shares of Heritage Financial during the 4th quarter worth approximately $274,000. Proficio Capital Partners LLC bought a new position in shares of Heritage Financial during the 4th quarter worth approximately $280,000. Finally, SageView Advisory Group LLC bought a new position in shares of Heritage Financial during the 3rd quarter worth approximately $307,000. Institutional investors own 78.30% of the company’s stock.

Insider Activity at Heritage Financial

In other Heritage Financial news, CFO Donald Hinson sold 3,420 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $23.59, for a total value of $80,677.80. Following the completion of the transaction, the chief financial officer now owns 42,087 shares in the company, valued at $992,832.33. This represents a 7.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey J. Deuel sold 7,033 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $23.66, for a total value of $166,400.78. Following the completion of the transaction, the chief executive officer now owns 70,906 shares of the company’s stock, valued at approximately $1,677,635.96. This represents a 9.02 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,311 shares of company stock valued at $369,193. 1.80% of the stock is owned by insiders.

Heritage Financial Stock Down 0.1 %

Shares of NASDAQ:HFWA opened at $23.65 on Friday. The company has a market capitalization of $803.89 million, a PE ratio of 19.07 and a beta of 0.53. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 0.47. Heritage Financial Co. has a twelve month low of $16.55 and a twelve month high of $27.58. The firm has a 50 day simple moving average of $24.46 and a 200-day simple moving average of $24.01.

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 analysts’ consensus estimates of $0.45 by $0.06. Heritage Financial had a net margin of 13.64% and a return on equity of 7.17%. On average, equities analysts predict that Heritage Financial Co. will post 2.09 EPS for the current fiscal year.

Heritage Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were paid a $0.24 dividend. This is an increase from Heritage Financial’s previous quarterly dividend of $0.23. The ex-dividend date was Thursday, February 6th. This represents a $0.96 annualized dividend and a yield of 4.06%. Heritage Financial’s payout ratio is presently 77.42%.

Analysts Set New Price Targets

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

Heritage Financial Company 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.